Peter Lim sells 42% of Valencia to Pitchwise Holdings

Valencia CF announced on Friday a partnership agreement between Meriton Holdings, Peter Lim's majority shareholder, and Pitchwise Holdings, according to an official statement reported by OKDIARIO and Europa Press. The Pitchwise Holdings consortium has purchased shares from Meriton Holding to hold "a significant minority stake" of 42% and "bring new direct investment" to the club, Europa Press reports.

A sale of 42% of the shares

According to El País, El Mundo, ABC and AS, Peter Lim has sold 42% of Valencia to Pitchwise Holdings, a group of American investors. AS notes that Kiat Lim is also involved in this sale, while ElDesmarque mentions "Peter Lim and Kiat Lim" selling "almost half of their shares." The amount of the transaction is mentioned by 20minutos, which speaks of €100 million, and by El Mundo, which refers to an American conglomerate that will inject €100 million.

An immediate injection of €100 million

According to Gazeta Esportiva, Pitchwise Holding will make an immediate injection of €100 million into the Spanish club. Estadio Deportivo states that this money "will be available immediately." The group is backed by KKR co-founders George Roberts and Henry Kravis, OKDIARIO reports.

A deal that keeps Lim's majority

ElDesmarque mentions that Lim retains his majority shareholding and is seeing through the reverse stock split and the budget. Javier Tebas, president of La Liga, has spoken about this sale, according to Mundo Deportivo, without the content of his remarks being specified in the file.