Valencia CF has officially confirmed the departure of PeterLim, the Chinese businessman who has been the owner of the club since 2014. In a joint note with the transfer management firm Pitchwise, it was announced that the club is in the process of sale, something that the tycoon had kept secret for years.
Since his arrival, Lim had been very secretive about the club's situation and, as indicated in the note, had repeatedly denied journalists and his own agent, Jorge Mendes, the possibility of selling the entity. Now, with the public announcement, the club opens a new stage in which it will look for a buyer who can guarantee the financial and sporting stability of the institution.
The statement does not specify who the new owner will be or the terms of the transaction, but it does indicate that the sale process will begin immediately and that all offers that meet the requirements of the Spanish Football Federation will be considered. Furthermore, the club has stated that it will continue with its usual activities, including participation in the League and the Copa del Rey, while the transfer is finalized.
The announcement comes just after the first game of the season, on 3‑4‑2024, in which Valencia beat Villarreal. Lim's decision to put the club up for sale is presented as a measure to ensure the team's continuity in Spanish football, although the club has not revealed details about the club's valuation or potential candidates.
With the sale underway, fans and the press are wondering what the change of hands will mean for the future of the club. It is expected that, in the coming weeks, offers will be presented and that the club and the Federation will begin the necessary procedures for the official transfer of the title. Meanwhile, Valencia will continue competing in the league with its current squad, hoping to maintain its position in the table and continue advancing in national tournaments.