• News

Valencia must sell players to balance the books

Getty Images

Valencia have the next two transfer windows to bring an extra 40 million Euros in order to balance the books.

Most fans like the sound of their club having a busy transfer window.

Los Che fans look away now.

It has become apparent the Valencia have a huge shortfall to make up in terms of income and expenditure.

According to Marca, the clubs accountants Ernest and Young have revealed that the latest audit shows an ever-increasing debt standing at over 500 million Euros.

The clubs outgoings are expected to be over 180 million Euros for the season, and they need to raise almost another 40 million Euros to cover that figure.

Singaporean billionaire businessman Peter Lim is the man at the helm, of the club, and his ownership has been a topsy turvy ride for all involved.

This is not the first time they have had to make a last-minute dash for cash.

In 2018, the deadline day sale of Joao Cancelo was completed to help balance the books.