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Soccer Club Valencia Says Group Backed by KKR Founders Buys 42% Stake
- On Friday, Valencia CF announced that Pitchwise Holdings will acquire a 42 per cent stake in the soccer club, valuing the enterprise at $1.4 billion.
- Meriton Holdings, owned by Singapore tycoon Peter Lim, will retain majority control after selling the minority stake, having rescued Valencia from bankruptcy in 2014.
- Pitchwise will provide €100 million in fresh capital to help finance the new Nou Mestalla stadium, expected to cost €322 million and open in 2027.
- Sports executives Ann Rodriguez and Corey Woolfolk will join Kiat Lim in the ownership group, backed by KKR co-founders George Roberts and Henry Kravis.
- The team currently languishes in 19th place out of 20 in La Liga with just one win, facing challenges under Mexican Javier Aguirre following a slow season start.
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20 Articles
20 Articles
Kiat Lim, son of Peter Lim, remains president of the club. The "immediate" investment will be 100 million euros and the club is valued at 1,250
·Madrid, Spain
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Pitchwise Holdings, specialized in the management and growth of football clubs, becomes the minority partner and estimates the value of Valencia at 1.25 billion euros Read
·Madrid, Spain
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The combined ché announced the percentage of sales through a statement in its official profiles.
·Madrid, Spain
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Total News Sources20
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
Factuality
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