A bankrupt club not better: Lim

Valencia owner issues statement to fans as club seeks financial stability

Above: Dani Parejo, Valencia's former captain who was sold to Villarreal, and Jaume Domenech carrying the Spanish King's Cup - the club's first trophy in 11 years - during celebrations in May last year. Below: Ferran Torres, taking on Real Madrid's F
Dani Parejo, Valencia's former captain who was sold to Villarreal, and Jaume Domenech carrying the Spanish King's Cup - the club's first trophy in 11 years - during celebrations in May last year. PHOTO: EPA-EFE
Above: Dani Parejo, Valencia's former captain who was sold to Villarreal, and Jaume Domenech carrying the Spanish King's Cup - the club's first trophy in 11 years - during celebrations in May last year. Below: Ferran Torres, taking on Real Madrid's F
Ferran Torres, taking on Real Madrid's Ferland Mendy during the Spanish Super Cup semi-finals in January, opted to leave Valencia to join England's Manchester City. PHOTO: REUTERS
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Valencia president Anil Murthy has told the Spanish La Liga club's supporters that it needs to be "responsible" as it braces for the "serious" impact of Covid-19 on football.

In an open letter to them on the club's website published on Saturday, the 47-year-old Singaporean, a former diplomat, sought to explain the realities facing the club on two fronts: the summer market in signing players and plans to build a new stadium.

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A version of this article appeared in the print edition of The Straits Times on August 18, 2020, with the headline A bankrupt club not better: Lim. Subscribe