Featured Matches
Previous
Brazil
Netherlands
ESPN, ESPN3 8:00 PM GMT
Match 63
Game Details
Germany
Argentina
ABC, ESPN3 Jul 13, 2014 7:00 PM GMT
Match 64
Game Details
Brazil
Netherlands
ESPN, ESPN3 8:00 PM GMT
Match 63
Game Details
AIK
Kalmar FF
2:00 PM GMT
Game Details
Mjallby
Falkenbergs FF
2:00 PM GMT
Game Details
Malmo FF
Atvidabergs FF
3:30 PM GMT
Game Details
Sogndal
Viking FK
1:30 PM GMT
Game Details
Bodo/Glimt
Odd Grenland
4:00 PM GMT
Game Details
Lillestrom
Sarpsborg FK
4:00 PM GMT
Game Details
Sandnes Ulf
IK Start
4:00 PM GMT
Game Details
SK Brann
Stromsgodset
5:00 PM GMT
Game Details
New York Red Bulls
Columbus
11:00 PM GMT
Game Details
Philadelphia Union
Colorado
11:00 PM GMT
Game Details
Toronto FC
Houston
11:00 PM GMT
Game Details
Montreal Impact
Kansas City
11:30 PM GMT
Game Details
New England
Chicago
11:30 PM GMT
Game Details
Vancouver Whitecaps
Chivas USA
2:00 AM GMT
Game Details
Los Angeles
Real Salt Lake
2:30 AM GMT
Game Details
New York Cosmos
San Antonio Scorpions
11:00 PM GMT
Game Details
Carolina RailHawks
Indy Eleven
11:30 PM GMT
Game Details
Fort Lauderdale Strikers
Minnesota United FC
11:30 PM GMT
Game Details
Tampa Bay Rowdies
Atlanta Silverbacks
11:30 PM GMT
Game Details
Sporting Cristal
San Martin
4:00 PM GMT
Game Details
Sport Huancayo
San Simón
6:30 PM GMT
Game Details
UTC
Universitario de Deportes
8:45 PM GMT
Game Details
Los Caimanes
Real Garcilaso
11:00 PM GMT
Game Details
Alianza Lima
César Vallejo
1:10 AM GMT
Game Details
LDU Quito
Barcelona
4:30 PM GMT
Game Details
U. Católica
El Nacional
4:30 PM GMT
Game Details
Manta F.C.
Deportivo Quito
9:00 PM GMT
Game Details
Western New York Flash
Washington Spirit
11:00 PM GMT
Game Details
Chicago Red Stars
Seattle Reign FC
12:00 AM GMT
Game Details
Next
 Posted by ESPN Staff
Jul, 25, 2008

Soler agrees to sell stake in debt-ridden Valencia

MADRID, July 25 (Reuters) - Valencia's majority shareholder Juan Soler has sacked the club's recently appointed financial consultant Juan Villalonga and agreed to sell his shares in the debt-ridden Primera Liga outfit to former rival Vicente Soriano.

The club, in danger of financial meltdown, has been in a state of internal turmoil over the last few seasons with Soler under increasing pressure to step aside.

Villalonga, the former head of Spanish telecommunication giants Telefonica, was brought in last month to advise on the situation and put together a plan to salvage the club but Soler accused the businessman of failing to live up to expectations.

'I want to make it clear that Villalonga didn't leave by his own accord, he was sacked,' Soler told a news conference Thursday. 'I gave him a trial and he didn't pass it.

'We are a viable club economically speaking even though we are going through a difficult period.'

Soler said he had reached an agreement to sell his packet of shares to the club's second biggest shareholder Soriano for 71.6 million euros ($112.5 million).

'I do not want to make a euro out of the deal,' Soler said. 'Soriano will now have all the political power and I will give him all my support.'

Earlier, Villalonga had said the club was in danger of folding completely.

'Valencia are exactly 439 million euros in debt,' he said. 'If we add to that the 350 million that has to be paid for a new stadium it rises to 739 million.

'Do you know how much money Valencia has to pay before December 31 this year? Some 150 million euros... We have a patient in intensive care who is in danger of dying,' the businessman concluded.

On the pitch, Valencia were also in chaos last season as they got through three different coaches and diced with the threat of relegation although they gained some consolation by winning the King's Cup.

Spanish media has reported that the club may have to sell some of its leading players such as Spanish internationals David Villa and David Silva if they are to weather their financial crisis.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.