LaLiga English

Agreement reached by wealthy Prince of Johor to buy Valencia from Peter Lim

The Prince of Johor Tengku Mahkota Johor (TMJ) has reportedly reached an agreement to buy Spanish giants Valencia from current owner Peter Lim, according according to reports from A Punt.

The report claims the wealthy Malaysian Prince, Tunku Ismail Sultan Ibrahim, has struck an agreement with Lim from neighbouring Singapore for the sale of the club to be processed on Monday and has shared images on his social media accompanied by the badge of Los Che.

The prince of the southern Malaysian state has already said, in quotes carried by Marca:

“I am not someone to change the crest or the tradition of your club, as I said before. I am not a businessman. I am here for the glory.”

“I am a prince, not a businessman. Money does not motivate me, glory motivates me and make history. It is not a secret that I love football, I am passionate about it.”

In August, Valencia fans staged a protest outside the club’s ground calling on Lim to leave the club while 86 percent of the club’s fans believe he is preparing to sell Valencia, as per a subsequent poll in Marca.

Reports mean that the financial uncertainty means Los Che must slash their wage budget by a whopping 40 percent for the current campaign, with the club’s financial situation explaining the gutting of the squad – Rodrigo Moreno, Ferran Torres, Dani Parejo and Francis Coquelin were among the summer exodus.