30 Sep '15, 5pm

LATEST: Peter Lim's Meriton Holdings to inject S$160 million into #Valencia.

SINGAPORE - Peter Lim has flexed his financial muscle to prove that he is serious in making his club Valencia a forcein Spanish and European football with a massive cash injection. The billionaire's private investment company Meriton Holdings will pump €100 million (S$160 million) into the Spanish football club owned by the Singaporean. This was announced on Wednesday evening at the Mestalla Stadium by Chan Lay Hoon, Valencia's president of the board of directors. Chan said: "Peter Lim and Meriton are fully committed to Valencia Football Club. This equity contribution is the best way to demonstrate our long-term commitment to the club as we continue to build the club every day. "The strengthening of the club's financial health will allow us to continue to invest in our first team and academy to compete at the highest level of European competitions, strengthen our balance s...

Full article: http://www.straitstimes.com/sport/football/football-valen...

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