"Valencia successfully reduces debts" © EuroFootball.com

President Manuel Llorente is happy that the club managed to reduce its debt by 150 million euros.

'Los Ches' have started the new season excellently and currently hold the top spot in the Spanish championship, despite financial difficulties.

To address these problems, leaders David Villa, David Silva, as well as defender Carlos Marchena were sold during the summer.

According to Llorente, the debt was 550 million euros, but has now been reduced to 400 million euros.