Raising money for the Portuguese is the best option for the club to balance accounts before June 30
While Meriton Holdings continues its particular flight forward, Valencia is forced to sell to balance accounts. It is our bread and butter in Valencia, where the club is financially strangled and has to face a tight payment schedule this summer. The club needs to balance accounts, relieve its cash and face a complicated payment schedule. The club itself, through its 2019-20 financial report, recognized losses of 26.4 million euros in its budget. The club expects to offset these losses and balance its income statement by selling assets before June 30.
A suffocating payment schedule
The club will have to pay the annual fee to Bankia – 16 million euros-, and will also have to meet Peter Lim’s demand to collect the loans granted for a value of 54 million, which expire in September and which, in If they are not satisfied, they can condition the pledged rights of several players. Curves are coming that put the health of the next sports project in check.
The first curve corresponds to the 26.4 million in losses recognized by the club. However, that amount will be reduced. The club saves Geoffrey Kondogbia’s token and will collect an additional € 2 million bonus, as he achieved his collective goals negotiated with Atlético de Madrid, which ended up winning the League; as well as another 2 M € agreed in the contracts of Dani Parejo and Coquelin, who have ended up winning the Europa League with Villarreal. To this must be added the saving of 50% of Rubén Sobrino’s file, which was transferred to Cádiz. That is to say, those 26 million losses could now range between 20-22 million, which would be those that the club hopes to compensate to balance accounts.
How can Valencia do it? Easy. With what I get from the sale of players before June 30, to balance the accounts of the 2020-21 season. And in that circumstance, the roadmap of Meriton Holdings, after the announcement of President Murhty to raise the season tickets, goes through putting several players in the window. The new coach, José Bordalás, You already know that if interesting offers come to the club, you will send the economic section. He also knows that the club is in need, that Peter Lim wants to get back part of the loan money and that nobody is “non-transferable”.
Selling to Guedes, the key to balance the losses of the course
In that roadmap to which the club will adhere, several names appear. First, Gonçalo Guedes. Sources consulted by Goal indicate that the Portuguese wants to leave because he considers that his cycle in Valencia has ended. 40 million euros plus bonuses were paid for the Portuguese, being the most expensive signing of the club. The player wants to leave and Valencia needs money. Several Premier League teams may be interested in closing a transfer operation. Clubs like Sevilla or Villarreal are interested, but always with lower offers. The player’s cache has dropped, and although Valencia are desperately looking for a buyer for 40 million, the club admit, privately, that it will be very difficult to sell him for more than 25 “kilos”. A figure that could be insufficient to mitigate losses. Wolverhampton, Mendes’s leading club, could be an option. In Italy Fiorentina appears but would it be able to put that money on the table ché? The answer is obvious. Not.
Presumably downward offers
In Valencia there is a huge need to clean up accounts. Selling Guedes would be the key to balancing the accounts of the season and not closing the year with losses. The agent Jorge Mendes continues working to close an operation that seems key to prevent Valencia from closing the course with losses. Another proper name is Maxi Gomez. Although Bordalás has him for next season, the Uruguayan’s good poster in the Premier could be decisive to sell him if a good offer arrives. The problem of Valencia? A serious one. All buying clubs know the need to sell Valencia and the status of their accounts. And for that, they will have the upper hand, bidding low.
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