Valencia president Manuel Llorente explained that they could have been demoted to the third tier of Spanish football this summer had it not been for the regional government who bailed them out to the tune of €74 million. Llorente insisted the club are not yet out of the woods and may have to sell star players David Villa and David Silva.
The club is expected to make a loss of between €35 and €40 million this season, something which clearly cannot be sustained in the long term.
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