By Jake Gable
August 20 – Valencia have revealed that the club’s debt now stands at €275.7 million (£235.1 million) after a due diligence report by consultancy firm KPMG. Club president Amadeo Salvo explained that the Spanish club’s debt has reduced by €66 million (£56.3 million) since 2008 and described the economic management as “positive”, however there are still general concerns for the state of financial health for many La Liga clubs, especially under new FFP (Financial Fair Play) rules and regulations set out by governing body UEFA.
Valencia audit find debt has been cut and ‘positive’ signs
