Valencia: Pitchwise group to increase stake in club to 42% and invest 100 million
Valencia
Valencia have announced an agreement between majority shareholder Meriton Holdings and investment group Pitchwise Holdings. Once the deal is completed, Pitchwise will hold 42% of the club, acquiring part of the shares currently held by Meriton, and will put 100 million euros directly into the club's coffers. The overall valuation of Valencia is 1.25 billion euros, including the men's and women's teams, the Mestalla stadium and the Nou Mestalla project. Meriton will retain the majority and Kiat Lim will remain chairman; the amount paid to Meriton and the timing of the transaction have not been disclosed.
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