Monday, June 14, 2021

City council to fine Peter Lim 2 million euros

Valencia's local authorities are considering a 2.3 million euros fine on Peter Lim because of the breach of the ATE, which the club agreed to when it got the land for the new Mestalla. Ximo Puig who previously been very lenient on the issue has done a 180 degrees and would probably be in favor of a fine. 

The plan is to actually fine Meriton and its owner Peter Lim as basically the owner of Valencia CF, rather than the club itself which functions as a subsidiary of Meriton.