I, for one, welcome our new wealthy overlords.

By: Javier | August 24th, 2009

Well here they are. Valencia Cf’s new owners.

The ampliacion de capital is now in full momentum and these are the partners who have formed the non profit group called The Valencia CF foundation. They have the backing of Mayor Rita Barbera’s municipal government and alot of cash from local valencian businesses and groups.

today they were approved for a 75 million euro loan to their foundation in order to buy all the remaining shares during the next phase of share sales.

That will mean that buy the time its over the foundation will control 72.5% of the club. Effectively ending the chances of the club falling to foreign ownership or under the control of a single individual.

While this action effectively ends any chance for anyone else to get in on the action during this phase, the Foundation said in a statement it planned to make shares available to those who had not been able to take part in the initial phase of the capital increase.

“At last the club is being returned to the Valencia fans,” Llorente said.

So is this good or bad?

From my perspective its very good. Why ? Several reasons.

First. Stability.

No Colombian drug lord slash lingerie salesman as our owner. Im sure all of you just like myself had a bad feeling about Dalport from the get go. The coloring book logo, the 80s shades, the lack of any proof they existed. Lets just call it unsettling.

Now that time has past. We have a foundation of Valencians in charge of Valencia CF. Go figure.

Second Reason .. Cash … Moolah… Dinero.

The Valencia Foundation is not directly tied to Valencia CF.. therefore their debt is not our debt. Valencia Cf gets a nice investment of 75 Million euroes.

That Cash could not have come at a more opportune time. The stadium will now be finished. Our players will now be paid. And our stars will stay right here at home in Valencia. We also have bought time for our old mestalla parcels to be sold once this economy recovers.

“From this point a new era of stability begins and the players can concentrate fully on their game,” Llorente said. “We have saved a very difficult and worrying situation.”

This also has one other grand effect in stabilizing the club.

Now Llorente will remain president.

No more Jabba the Hutt.

No more Soriano and his sneaky backroom deals.

Llorente will be our president and stay that way.

For the most part i believe he is doing a good job. He saved us from Dalport, he restarted work on the stadium, he organized a group of investors to buy up shares and in my opinion has at least for now done all he promised to do. Save our beloved club from financial ruin and keep our stars home.

So Long live the reign of Llorente.

May it be title filled and Silver trophy lined.

Amunt Valencia
Javier De Roque