Previous
Real Madrid
Tottenham Hotspur
6:45 PM UTC
Game Details
Apoel Nicosia
Borussia Dortmund
ESPN3 6:45 PM UTC
Game Details
Manchester City
Napoli
6:45 PM UTC
Game Details
Feyenoord Rotterdam
Shakhtar Donetsk
ESPN3 6:45 PM UTC
Game Details
NK Maribor
Liverpool
6:45 PM UTC
Game Details
Spartak Moscow
Sevilla FC
ESPN3 6:45 PM UTC
Game Details
RB Leipzig
FC Porto
6:45 PM UTC
Game Details
France U17
Spain U17
1
1
LIVE 45'
Game Details
Iran U17
Mexico U17
2
1
LIVE 45' +1'
Game Details
England U17
Japan U17
2:30 PM UTC
Game Details
Mali U17
Iraq U17
2:30 PM UTC
Game Details
Next

Trending: Kane carries Spurs' hopes at Real

Latest
Read

Transfer Rater: Alonso to Barca, Vardy to Chelsea

Transfers
Read

Martinez key to Heynckes' Bayern fix

Bayern Munich
Read

Madrid aim to keep UCL run alive vs. Spurs

Five Aside
Read

Llorente paints bleak picture of Valencia's finances

Valencia president Manuel Llorente has underlined the club's deep financial problems, explaining that they could easily have been demoted to the third tier of Spanish football this summer had the regional government not bailed them out to the tune of €74 million.

The club have been beset by financial problems for some time, facing a debt of more than €500 million which forced work on their new 70,000-capcity stadium to grind to a halt. Llorente insisted the club are not yet out of the woods and may still have to sell star players David Villa and David Silva.

Moving into the new ground, with the increased revenue streams associated with it, is central to Los Che's long-term future. But had it not been for the massive loan in August they would have been demoted from the Primera Division.

The Spanish club used the loan to release a capital increase to try and stabilise their finances.

Valencia told As that he expects a further loss of between €35 and €40 million this season - something which clearly cannot be sustained in the long term.

"Without the intervention of the regional government we would have defaulted on our payments or been relegated to the Segunda B (third tier)," Llorente said. "We need to start playing (in the new stadium) as soon as possible.

"It will have a capacity of 70,000, which will boost our income and free up the current stadium, making it easier to sell.

"It's nice and popular to say you won't sell (players) but there is a difficult road ahead. You can always sell star players and remain competitive."

Valencia missed out on a place in the Champions League this season, only qualifying for the Europa League, further denting their finances. Their financial woes also forced them to delay payments to players.

Llorente's strategy to turn the club's fortunes around involves encouraging fans to invest and he told As that Valencia was rich in assets, with two stadiums, two training facilities and a squad that was "the envy of the world".

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.