Singaporean Billionaire Peter Lim promises $85m chest for Valencia

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Singaporean billionaire Peter Lim has pledged to spend 50 million euros (S$85 million) on new signings for Spanish football club Valencia during the January transfer window.

He was quoted in Spanish daily AS as saying: "I hope my offer is accepted. Forty million euros for signings seem too small for me. I have 50 million euros to spend this month.

"I like football a lot and I hope all goes well. My intentions are good and the offer is good."

Lim has given the La Liga side until today to consider his bid to buy the club.

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