Valencia debt is valued at €275 million

Valencia CF president Amadeo Salvo

La Liga club Valencia CF’s debt reaches €275 million. The club president Amadeo Salvo told that since 2008, the debt has reduced by €66m (£56.3m) before adding that the economic management in recent years is in the positive despite cash-flow problems.

Aurelio Martinez, president of the Valencia CF Foundation, told Eurosport: “The club is viable and I can reassure all organisations that they can trust us, starting with [banking conglomerate] Bankia. Valencia’s actual market price has more debt than equity.

“Our only debt is to the bank. We are different to other big clubs in that we are up to date with [tax authorities] Hacienda and there is nothing mortgaged that depends on future income, like television for example.

“We hope by that date our academy will produce players for the first team and we will not have to enter the market to sign players.”

Valencia had previously sold star players like David Silva, David Villa and Juan Mata to recover the debt.