According to El Confidencial, Valencia are set to be the subject of a bid from the Apollo and Elliot hedge fund.
Valencia were one of the hardest-hit clubs financially by the coronavirus pandemic as they were forced to sell star players such as Ferran Torres, Rodrigo, Geoffrey Kondogbia and more recently Goncalo Guedes.
The Spanish club have been on the market for quite some time now, and at one point it looked as though Leeds United owner, Andrea Radrizzani was a prospective buyer.
Indeed, according to a report from The Times, Radrizzani had a serious look at buying Valencia as he searched for a feeder club for Leeds’ so-called ‘European empire’.
However, those plans were seemingly shelved quite quickly and his ownership at Leeds is even up for debate now as a long-standing rumours regarding a takeover by the San Francisco 49ers continues to do the rounds.
Valencia are currently owned by Peter Lim, the same man who has backed the Class of 92’s Salford City venture, and while this report states that the club isn’t publicly for sale, a reported €375m worth of debt and a remortgaged stadium seems to suggest that his ownership isn’t quite going to plan at the moment.
Whether or not this hedge fund bid leads to Radrizzani putting his hat back into the ring remains to be seen, but if his plan is still to create a network of European feeder clubs for Leeds to partner with, this may be his chance to get his hands on the perfect sister-club for Leeds United.
One way or another, things are going to change quite drastically at Valencia over the next year.
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