Source: REUTERS/Susana Vera
[Saba Sports News] La Liga club Valencia, which previously faced financial difficulties leading to restrictions on the sale of major shareholder Lin Rong Fu, is now on the verge of a significant change as the club has completed a financing agreement with Goldman Sachs. The club will receive a total loan support of €186 million. The interest rate on the loan is between 6% and 7%, with a repayment period of 10 to 12 years. This financing will significantly improve the club’s financial situation, boost the progress of the new stadium, and inject new vitality into the club’s future development. The construction project for the new stadium has been stalled since 2009 and has long been a regret for the club. With the support of the financing agreement, the club will be able to restart the construction of the new stadium, providing better match experiences and business opportunities for the team and its fans. Furthermore, through debt restructuring, Valencia has successfully recovered several important assets that were previously pledged, which will greatly enhance the club’s future cash flow and revenue capabilities.