- Sep 15, 2007
- 12,636
- 15,834
Hans Kristian Lange @mulu83
Amadeo Salvo is considering pre-filing bankruptcy in the wake of Bankia demanding repayment of the 200+ million euro loan
Amadeo Salvo has also acknowledged that Valencia will need to sell players worth 25 to 30 million euros in the summer as it looks
To explain the previous: This is to acknowledge one cannot pay back what one owes, but also allows some months to come up with a way to pay + If Valencia does not pre-file bankruptcy they are in breach of UEFA financial fair play regulations risking a ban from European competitions.
Pre-filing will give Valencia until 19th of May (end of Spanish competition) to come within the regulations for FFP.
Interesting timing on filtering this information though, dont you think?
Some more background :
http://www.insidespanishfootball.co...encia-sale-process-nears-submission-deadline/
http://www.insidespanishfootball.com/98273/salvo-sidelined-as-sale-process-proceeds/
BTW, Bankia is also skint and under pressure to repay EU/ECB a lot of money loaned to them.
Hmmm I wonder what the Soldado deal was - if lots in add ons (eg @Rob suggested a deal of I think £14m + £14m add ons) I wonder if Levy goes back to re-negotiate a deal to give money now to 'buy out' the add ons (as he dod with Bale's deal from Southampton).
Wonder also what Valencia players might be attractive to Spurs ? If they need to sell it may be an easier deal to do. Is @ValenciaYid still a member ? Who else knows the Valencia players well ?
Amadeo Salvo is considering pre-filing bankruptcy in the wake of Bankia demanding repayment of the 200+ million euro loan
Amadeo Salvo has also acknowledged that Valencia will need to sell players worth 25 to 30 million euros in the summer as it looks
To explain the previous: This is to acknowledge one cannot pay back what one owes, but also allows some months to come up with a way to pay + If Valencia does not pre-file bankruptcy they are in breach of UEFA financial fair play regulations risking a ban from European competitions.
Pre-filing will give Valencia until 19th of May (end of Spanish competition) to come within the regulations for FFP.
Interesting timing on filtering this information though, dont you think?
Some more background :
http://www.insidespanishfootball.co...encia-sale-process-nears-submission-deadline/
http://www.insidespanishfootball.com/98273/salvo-sidelined-as-sale-process-proceeds/
BTW, Bankia is also skint and under pressure to repay EU/ECB a lot of money loaned to them.
Hmmm I wonder what the Soldado deal was - if lots in add ons (eg @Rob suggested a deal of I think £14m + £14m add ons) I wonder if Levy goes back to re-negotiate a deal to give money now to 'buy out' the add ons (as he dod with Bale's deal from Southampton).
Wonder also what Valencia players might be attractive to Spurs ? If they need to sell it may be an easier deal to do. Is @ValenciaYid still a member ? Who else knows the Valencia players well ?
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