Comments for The salvation of Valencia at http://www.wsc.co.uk , comment 0 to 7 out of 7 comments http://www.wsc.co.uk Mon, 13 Feb 2012 13:02:30 +0100 FeedCreator 1.7.2 http://www.wsc.co.uk/content/view/4513/38/#pc_1472 another great insight into the game - good to hear what is going on outside the English Premier League - I still think it is just wrong for a football club or any company that employs so few people to be able to go half a million into debt. There should be a limit, the interest on that cash could have built a new stadium. Do the Spanish banks back up their manufacturing industry in the same way? - stuart77 Tue, 09 Feb 2010 16:48:29 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1470 This is a good piece. Thanks for taking the time to write it, isi. I would add a couple more points. First, it's hard to tell how well some of the signings have panned out because the squad is so bloated that there really is no way to get most of them any playing time (even when Valencia is involved in 3 competitions, which has been the case the past 2 years). But I can say that their inability to sell some players has paid off: Banega has been amazing this year; Zigic did very well in the Copa del Rey; and most importantly, Villa was close to going to Real but Valencia pulled the plug at the last minute. What's amazing to me is that they still added to the squad by purchasing Dominguez during the January transfer window. He was pure class last weekend when he came on in the 70th minute or so. But, again, where is he going to play given the strength and size of the squad in the offensive end? Finally, I think they will be able to hold onto Villa because he does not seem to be interested in leaving Spain and Real and Barca don't seem to need another striker. Silva will likely go, though, which might just answer my question about Dominguez. - danielmak Tue, 09 Feb 2010 07:27:40 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1469 @Antonio Gramsci... As far as I understand it, there is still a lot of debt, but the payments owed which jeopordised the club's immediate future have been eased/paid-off by (1) the Bancaja loan and (2) the rights issue. This has also allowed the club to take care of its operational costs for the meanwhile and, crucially, for the recommencement of construction on the new stadium. The plan is that this will, in time, hopefully bring in more money to cover the ultimate debt. Fundamentally, there is still debt - and, presumably, interest on this debt - however, the circumstances of this are such that the clubs' primary creditors are currently happy/satisfied. I hope this helps... (P.S. Thanks for all the comments). - isi_777 Mon, 08 Feb 2010 16:23:15 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1468 I don't understand how the team was saved through a share issue. That didn't make the 500M debt go away, surely? How was that dealt with? - Antonio Gramsci Mon, 08 Feb 2010 15:50:36 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1467 Fascinating insight into the behind the scenes going on at Valencia - would like to see more profiles like this of european clubs... particularly the french, they make bad decisions all the time. - jamie.smith Mon, 08 Feb 2010 15:41:20 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1466 Part of the reason Valencia have got through so many coaches in recent years is the fickleness of their delightful fans, who seem to believe they should be up there with Barcelona and Real Madrid season in, season out. Hector Cuper won them the league a few years back only to be serenaded with chants of "Cuper vete ya" (Cuper get lost). That's gratitude for you. Shame they haven't gone down the pan - it couldn't happen to a nicer bunch. - RayDeChaussee Mon, 08 Feb 2010 13:41:23 +0100 http://www.wsc.co.uk/content/view/4513/38/#pc_1465 Interesting to see that it's not only the English clubs who get themselves into financial ruin... - pwa Mon, 08 Feb 2010 12:50:59 +0100