© EuroFootball.com
On Saturday, at the shareholders' meeting, a debt cancellation plan was approved, according to which the Spanish club will return about 100 million euros.
By realizing the transfer of the training base outside the city and demolishing the current training base located in the city center to build a residential quarter in its place, last year's Spanish champion and UEFA Cup winner plans to obtain such revenues.
"This will allow us to plan our future more freely and make us stronger," said club president Juan Bautista Soleras about the plan, which was approved by 99% of shareholders.
Despite being one of the strongest Spanish and European clubs in recent years, "Valencia's" opportunities to strengthen the squad are heavily limited by debts amounting to over a hundred million euros.
In 2000, Madrid's "Real" implemented a similar plan. At that time, the Royal Club also moved the training base to the suburbs, reportedly eliminating debts of up to 270 million euros.
