Valencia have reduced their debt by €150 million after selling three of the club's star players.
Club president Manuel Llorente says the debt stood at €550 million last summer and, following the sales of David Villa, David Silva and Carlos Marchena, it has now come down to around €400 million.
Llorente recently said Valencia, currently top of La Liga, would not be looking to sell any more players to bring the debt down further.
Valencia have invested €150 million in the construction of a new 75,000-capacity stadium, but the debt has stalled progress. Llorente recently said that he would be open to the prospect of a ground share if another club was willing to co-fund the project.
Tuesday, October 5, 2010
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