Valencia have reduced their debt by €150 million after selling three of the club’s leading 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.r
“In the summer 2009, this number was at €550 million and now this is reduced,” Llorente said. “It is necessary to follow our trajectory in all the aspects.”
Llorente recently said Valencia had no intention of ofloading 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 in the construction. Llorente recently said that he would be open to the prospect of a ground share if another club was willing to help fund the project.
