According to Varzesh3, the sale of 42 percent of the shares of the club Valencia has pleased Javier Tebas, the president of LaLiga. This event can begin a fresh chapter in the ownership structure of one of Spain's old football clubs.

The Valencia club officially announced on Friday that Peter Lim, the club's owner, has sold 42 percent of his shares to the company PitchWise Holdings. In this deal, Valencia's value has been estimated at 1.25 billion euros.

Tebas said of this agreement: "This is very positive news for the Valencia club and the whole city of Valencia."

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The president of LaLiga went on to emphasize that this agreement is not limited merely to the entry of new capital, and that investors with extensive experience in sports management and a global-level presence will be added to the club's structure: "This cooperation does not simply mean the injection of new capital. Partners with extensive experience in sports management and investors at a global level are entering the management system of the Valencia club, which is one of our important and old clubs."

Tebas also considered the 1.25-billion-euro valuation of Valencia a sign of this club's capacities and said that this deal, which includes the purchase of 42 percent of the shares, shows the power and potential of all parts of the club, from the men's and women's teams to the new stadium project.

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In another part of his remarks, the president of LaLiga pointed to the level of the new investors and said their presence is a sign that LaLiga is in good shape — conditions that convince the biggest and most knowledgeable investors to invest in its clubs.

Tebas said: "This deal, which is taking place within the framework of Spain's recent actions to change club ownership, endorses the important work done at the Valencia club in recent years and places before the eyes of the world LaLiga's position as an attractive and economically stable competition, capable of attracting major international investments in the long term."

Source: Varzesh3