Sports

VALENCIA FOOTBALL CLUB REJECTS PETER LIM’S BID

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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