It must be a case of déjà vu for Singapore billionaire Peter Lim, who has failed yet again to purchase a top European club. According to Spanish newspaper Marca, the 60-year-old has failed to make it through the final round of bidders interested in buying debt-stricken Spanich club Valencia. Lim placed a bid for the La Liga side in December, promising to clear the club’s debts and enable the completion of the construction of their new stadium, as well as providing a transfer fund of €50 million (SGD$87m) to invest in new signings.

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Singaporean Billionaire Peter Lim promises $85m chest for Valencia

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

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LionsXII end pre-season on winning note

The LionsXII ended their pre-season tour of Yogyakarta in Indonesia with a 1-0 victory over PSS Sleman at the Maguwoharjo Stadium today (Jan 10). Khairul Amri scored in the 45th minute to give the LionsXII their second win in three games – after a 2-1 victory over PPSM Magelang on Tuesday and a 0-3 defeat to Persis Solo last Saturday. Head Coach Fandi Ahmad said: “It has been a good tour – with three good matches that provided our players, especially the young ones such as Emmeric Ong, Ignatius Ang and Syafiq Zainal, a feel of the intensity of matches in front of big and vocal crowds.

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