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Old 18th May 2014, 08:38 AM   #1 (permalink)
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Singapore businessman Peter Lim buys Valencia

Singapore businessman Peter Lim buys Valencia


Peter Lim. TODAY file photo

Fans of Valencian Football Club can finally see an end to months of uncertainty: Peter Lim

Published: May 17, 9:06 PM


BARCELONA – Singapore businessman Peter Lim is the new owner of debt-ridden Valencia after buying 70.4 per cent of the shares owned by the club’s foundation, the La Liga side said today (May 17).

The Valencia Foundation’s patrons voted for Lim’s proposal ahead of other offers from international consortiums offering large cash injections.

Confirming that Lim has completed the takeover, a club spokesman said that the next task for the new owner will be to agree a deal with creditors Bankia, who are owed €220 million (S$377 million). The club’s total debt is around €360 million.

Lim said in a statement: “I am very glad to have been selected the winning bidder after a rigorous selection process. *Fans of Valencian Football Club can finally see an end to months of uncertainty."

Lim was the choice of club president Amadeo Salvador who felt that his offer was best suited to turning around the fortunes of the club which failed to qualify for next season’s Champions League and were knocked out of the Europa League earlier this month by eventual winners Sevilla in the semi-finals.

Said Lim: "Today’s voting which overwhelmingly supported my bid demonstrates a firm commitment from the stakeholders of the process, namely Bankia, Valencia CF, Foundation of Valencia CF and Instituto Valenciano de Finanzas.

“Under the process, the winner is the bidder with the best sporting, financial and social solutions. I’m pleased that we have won on these three criteria and I'll like to thank the Board of Trustees, the Valencian fans and the city for their strong support over the past few months."

Valencia are 10th in the 20-team La Liga standings. AGENCIES

http://www.todayonline.com/singapore/singapore-businessman-peter-lim-buys-valencia
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Old 19th May 2014, 07:15 AM   #2 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

I believe he will have good return of investment.

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Old 19th May 2014, 08:24 AM   #3 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

I'm not sure abt that. A majority of investments into football club lose money for a while in the beginning...

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Old 19th May 2014, 09:16 AM   #4 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Soccer is kinda boring. Yea Go Dodgers!

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Old 19th May 2014, 01:46 PM   #5 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Originally Posted by *StarDust* View Post
I believe he will have good return of investment.
In football I doubt so.

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Old 19th May 2014, 03:48 PM   #6 (permalink)
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How Peter Lim’s Valencia takeover may lift the local game

How Peter Lim’s Valencia takeover may lift the local game

Football industry players and observers here are energised as news of Singaporean businessman Peter Lim’s takeover of Spanish top flight side Valencia CF continue to sink in.

By Adelene Wong
POSTED: 19 May 2014 10:03


SINGAPORE: Football industry players and observers here are energised as news of Singaporean businessman Peter Lim’s takeover of Spanish top flight side Valencia CF continue to sink in.

On Saturday, 60-year-old Lim was confirmed as the new owner of Valencia CF after successfully buying over 70.4 per cent of the shares owned by the club’s foundation.

Known here as the “Remisier King”, Lim pledged €420 million (S$720 million) to clear the club of their debts, finance the construction of a new stadium, and fund the purchase of new players.

When contacted, the Football Association of Singapore (FAS) revealed that it is looking forward to linking up with the Singaporean billionaire in ways that will “help our players reach their fullest potential.”

Said Gerard Wong, director of marketing and communications at FAS: “Lim has shown that he is passionate about Singapore sport by setting up the Singapore Olympic Foundation’s Peter Lim Scholarship for young budding talented sportsmen (in 2010), and by facilitating the opportunity for national footballer Hariss Harun to play professionally in Portugal (2013).

“Naturally, we would relish the opportunity to meet Lim or his representatives in the near future to discuss the possible collaborations to achieve our objectives for Singapore football.”

Former Singapore football international R Sasikumar concurs that the news could mean only good things ahead for Singapore football, and that Lim’s financial capability, coupled with his vast network in the footballing industry, should be tapped by FAS.

“It really depends on what sort of partnerships FAS can manage to strike up with him,” said Sasikumar, the managing director of sports marketing agency Red Card Sports and Entertainment.

“He is a shrewd businessman, so the taking over of Valencia must have made good commercial sense to him.

“But he is also a philanthropist in local sports. He is friends with one of the biggest football agents in the world (Jorge Mendes), has got great connections in Europe, and Asia … so the sporting and business opportunities for Singapore is boundless if FAS works well with him.”

Sasikumar believes that Lim — who has previously been linked to English football club Liverpool, Spanish side Atletico Madrid and Italian club AC Milan — has the capability to take Valencia back to their glory days.

The club finished eighth in the just-concluded Spanish Primera Liga season, having won the last of their six league titles in 2004, the last club to break the Real Madrid-Barcelona dominance before Atletico Madrid this season. They also won the UEFA Cup in 2004 and the European Cup Winners’ Cup in 1980, and were twice runners-up in the Champions League.

Said Sasikumar: “It will all have a ripple effect if Lim’s business in Valencia becomes a success story.

“Firstly, it will put a Singaporean, and thus Singapore, on the world map in football and this will make the sport in the country more attractive to other investors.

“Secondly, it means that Lim will be rubbing shoulders with some of the biggest names in football, which could directly bring about sporting and business opportunities for Singapore.”
Beyond benefitting the local football scene, Ajay Sunder of consulting firm Frost and Sullivan thinks Lim’s acquisition of Valencia will lift the sport in South-east Asia.

“As a Singaporean, one will definitely feel proud of his feat. Even as a football fan in the region, one can be excited about the possibilities,” said Sunder, a senior director at the firm.

“Coaches and footballers may be able to go for training stints in top Spanish clubs, and South-east Asia can expect Valencia and other La Liga clubs to be in town too. It is exciting times ahead.”


Source: http://www.channelnewsasia.com/news/...a/1111704.html

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Old 19th May 2014, 06:52 PM   #7 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Good for Singapore too. At least the world will now know Singapore, more than a little red dot.
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Old 19th May 2014, 07:52 PM   #8 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Why didn't he buy a local team and use his billions to purchase the likes of Ronaldo and Inesta? Good for him that he finally get to own a soccer team, but as for signing a Singaporean player to Valencia....not gonna happen.

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Old 19th May 2014, 09:10 PM   #9 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

How Peter Lim’s Valencia takeover may lift the local game
Hmm... I don't think so.

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Old 20th May 2014, 07:18 AM   #10 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Originally Posted by Voodoo Vince View Post
Hmm... I don't think so.
Of course, it will need the government strong support in promoting the game.

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Old 1st June 2014, 06:54 PM   #11 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Why not invest in local football ?

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Old 1st June 2014, 07:19 PM   #12 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Originally Posted by christmas_ View Post
Why not invest in local football ?
becoz no one cares about local scene, I doubt anyone here on this forum bother to follow or watch S-league or the m-league matches.

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Old 1st June 2014, 09:29 PM   #13 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Originally Posted by oldvirgin View Post
becoz no one cares about local scene, I doubt anyone here on this forum bother to follow or watch S-league or the m-league matches.
I guess only those soccer betting fanatics will follow these leagues...

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Old 8th June 2014, 12:32 AM   #14 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Football: S'porean Peter Lim completes purchase of Valencia

Singaporean businessman Peter Lim has completed the purchase of Valencia after Spanish bank Bankia and Lim's company, Meriton Holdings, agreed to restructure the debt owed by Valencia to Bankia.

POSTED: 07 Jun 2014 19:47


URL: http://www.channelnewsasia.com/news/...r/1140564.html

SINGAPORE: Singaporean businessman Peter Lim has completed the purchase of Valencia after Spanish bank Bankia and Lim's company, Meriton Holdings, agreed to restructure the debt owed by Valencia to Bankia.

Bankia said the deal will allow the bank to recover the 320 million euros Valencia had borrowed.

Lim said: "Valencia's fans can finally be finished with months of uncertainty."

A Meriton company spokesman said: ”We are glad to have arrived at an agreement with Bankia. This is indeed a significant milestone -- this agreement will set us on a path to provide the club with long-term financial stability on a sustainable basis.

"We will be able to implement our strategic plan and the club will soon be able to compete at the highest levels of European competition.

He said the company will continue to work closely with all the stakeholders to complete the acquisition expeditiously and before the start of the new season.

"The process remains a complex one but we are confident that we will be able to finalise the in-depth legal details with the cooperation of all parties involved," he added.*
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Old 8th June 2014, 08:38 AM   #15 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

lets see how is he going to revive Valencia

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Old 15th June 2014, 07:49 AM   #16 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

If he got the money, he can buy any clubs.

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Old 25th June 2014, 09:27 PM   #17 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

True, but buying is one thing. Managing is another.

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Old 30th October 2014, 06:43 AM   #18 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Peter Lim’s takeover of Valencia enters ‘final phase’



Published: 2:35 PM, October 25, 2014


SINGAPORE – Local businessman Peter Lim’s dream of owning Spanish football club Valencia inched closer to completion yesterday (Oct 24), after his Meriton Holdings announced it signed the Sales and Purchase Agreement with Foundation Valencia CF (FVCF).

All the key stakeholders are on board with Meriton’s plan now, and the acquisition process enters “the final phase” of fulfilling the conditions precedent and concluding the necessary legal agreements and approvals from authorities, according to the joint press release issued by both parties.

Meriton Director Chan Lay Hoon said: “We are extremely proud to be given the opportunity to take control of one of the biggest and most-supported clubs in Europe. It has been a very long journey, longer than we would have liked.”

“We especially want to thank the Valencia CF fans for their unwavering support and patience. It was most heartening to have them behind us all the way despite the long negotiation process. We look forward to many exciting years of European football with our fans.”

Commenting on the latest developments, FVCF President Aurelio Martinez said: “This is a momentous day for the Foundation and the football club. Peter has injected a new lease of life into Valencia CF and we know he is raring to do more. We share the club’s and the fans’ excitement about the future of Valencia CF.”*

http://www.todayonline.com/sports/pe...rs-final-phase

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Old 30th October 2014, 06:45 AM   #19 (permalink)
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Re: Singapore businessman Peter Lim buys Valencia

Thousands of Valencia football fans chant S’porean billionaire Peter Lim’s name



Surreal.

Belmont Lay
October 27, 2014


Check this out: Thousands of Valencia football club fans chanted Singaporean billionaire Peter Lim’s name.


Lim, 60, is a former remisier who made his fortune in the stock market. His net worth is US$2.05 billion, according to Forbes.

He is currently viewed as the saviour of Valencia.

He reportedly sunk some $306 million euros (S$530 million) to wipe out Valencia Football Club’s debt and promised another 40 million euros (S$70 million) to buy new players in the upcoming January transfer window.

Lim had previously attempted to buy England’s Liverpool Football Club for £320 million in late-2010 but lost out to the owners of the Boston Red Sox, New England Sports Ventures.

His investments in various sectors include the agribusiness, education, fashion, logistics, and food and beverage

Publicly known holdings in his portfolio include Wilmar International, Global Logistic Properties, FJ Benjamin Holdings and Informatics Education.

Lim also has two major projects in the southern Malaysian state. A medical hub project at Vantage Bay near Danga Bay and Motorsports City race track.

Thank goodness he isn’t called “Ng Eng Hen” or something. That would be hard for the Spanish to pronounce, what with all the nasal sounds.

http://mothership.sg/2014/10/thousan...ter-lims-name/

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