Peter Lim sells 42% of Valencia to Pitchwise Holdings, a group of American investors

Businessman Peter Lim, majority shareholder of Valencia CF, has sold 42% of the club's shares to Pitchwise Holdings, a group of investors made up mainly of American capital, the entity reported this Friday in a statement. The club specified that the operation is subject to the usual closing conditions, including the corresponding regulatory authorizations.

Although the amount of the operation was not revealed, the entity indicated that the new shareholders have valued the club at 1,250 million euros and will contribute 100 million euros of new capital, which will be immediately available for direct investment in the entity.

Valencia stressed that Kiat Lim, son of Peter Lim, current president of the club and main promoter of the operation according to the entity, will continue to lead the institution within the new shareholder structure together with Rodriguez and Woolfolk.

The entity assured that this new shareholder structure will lead Valencia in what it described as the most important milestone in its recent history: the move to the Nou Mestalla.

Kiat Lim has highlighted that Pitchwise Holdings “brings experience and deep knowledge of the sports sector.” For their part, Rodriguez and Woolfolk, general partners of the inversos group, described it as “an honor” to join Lim in the management and development of Valencia and revealed that they have visited the city on numerous occasions during the negotiation process.

“With its illustrious history, a passionate fan base and a spectacular new stadium nearing completion, the club has all the necessary elements to become a reference in Europe, both in men's and women's football,” they indicated.