How bad has Lim ownership and "leadership" turned out? Valencia CF went from being a top 4 club, mostly regular in the champions league, one of the most respected and recognizable clubs in the world, to a minnow fighting to avoid relegation. Even hardcore 20+ years supporters are tuning out and uninterested in the clubs matches! They are right as fans of Real Madrid or Barcelona or Manchester United or any big club start protesting over their clubs not winning few games in a row, let alone seeing their club fall down so far and fight for relegation!
The only way out of this is for fans, supporters, club admirers, former players and staff to organize and chip in the most money we can and have the city government fine Meriton tens and tens of millions of euros until they are forced to sell the club! Meriton has defrauded the city of Valencia by not finishing the stadium and they are liable for damages. I would also inspect the club's finances and if there are irregularities go after Meriton on that as well. Make it financially impossible to continue to own the club and force Lim to sell.
I can see former players like Silva, Villa, Marchena, Aimar, Canizares, Albelda, Mata, Ayala, etc... all chipping in, to buyout the club, and we would need them in order to get enough money to purchase the club! Small investors who chip in with $50 or $100 are great, especially if there are tons of us, but we need bigger investors, we need big money, we need people to come in with 100k, 500k, 1 million, etc...
Valencia CF appointed Ruben Baraja as head coach for 6 months, as John wrote in the article it's a way to appease the fans temporarily, but it's not going to work! There is literally nothing Lim can do to change fans opinions of him, heck if Valencia CF magically won the league, it still won't change fans opinions of Lim and Meriton and they would be demanding Lim to leave. The relationship has been irreparably broken and there is no way back!
Even if Baraja is somehow able to turn this ship around and steer Valencia CF past relegation it won't matter, no one can be satisfied with their team barely avoiding relegation!
Lim needs to retire, to go off into the sunset and hire real football professionals to run the club, he shouldn't be making ANY decision about the club, no one should be calling him, no one should be seeing him, he should be no one to the club, with professionals running the club and not caring about Lim. That is the only way forward, that is the only way the club can start moving in the right direction again!
The match against Getafe CF doesn't even matter, not if the team's goal is to avoid relegation, which it's kind of is at this time. Basically, Valencia CF need to acquire about 13 points till the rest of the season to theoretically avoid relegation, I think that is the safe limit historically, so individual games don't matter, though it would be nice to see Valencia CF win for once and break the terrible string of defeats!
Last time I checked and reported on Valencia's finances I believe the club was supposed to have only been 150 million in dept, Lim and Meriton were bragging that they've been paying off huge chunks of the debt and financially the club was making small profits, or at least not losing money to require new loans! So last time I checked we were 150 million euros in the debt to various banks, I'm not sure where some of our readers are coming up with numbers of 400+ million in debt. Again, it was about 3.5-4 years ago when I reported few times on this and back then almost 4 years ago, I believe the debt was reduced to around 150 million or 175 million, somewhere around those numbers.
I know the club has been loaning money from Meriton, but didn't the sale of several of our players cover that? I believe the club owed Peter Lim around 70 million euros, which I think the club paid off through the sales of several players!
This is also another big red flag, why is Lim "borrowing" Valencia CF money and why is the club paying it off with interest? He owns the club, why is he squeezing money out of it? I don't see any other private club owners screwing their own clubs! I don't see the Sheiks "borrowing" money to their clubs, in fact they've done all of the possible loopholes and tricks in order to invest money into their clubs, I remember Man City got an injection of 400 million euros with the club selling the stadium name and image right to its owner for 10 years, which he owns anyways, it was a trick to inject money into the club without getting afoul of fair play!
Its only Valencia's owner that is borrowing money to his own club with interest on it! What a joke the dude is! He should be investigated for financial malversations, money laundering, fraud, etc... Force him out, threaten him with jail time, etc...