In the 2024-25 La Liga season, Valencia has only 6 points from 9 games, ranking 3rd from the bottom and falling into the relegation zone. Valencia's Chinese-American owner, Lin Rongfu, has long had no intention of running the club. On October 17, the newspaper "As" revealed that the 71-year-old Lin Rongfu plans to sell the club for 350 million to 400 million euros.
Valencia used to be beautiful, winning La Liga at the beginning of the century, and has also entered the European competition three times in the past 10 years. However, so far in 2021, Valencia has been saddled with bank debts and has been under huge financial pressure. The boss, Lin Rongfu, has no intention of running it, and Forbes data shows that his assets are $1.7 billion, and his wealth is constantly shrinking.
According to an article in the newspaper As, an agency specializing in club trading has put Valencia on the list of buyers and sellers, and Lin Rongfu has put Valencia at a price of 350 million to 400 million euros, which can buy 90.5% of his shares.
Valencia fans are very dissatisfied with Lin Rongfu, and every game at the Mestalla Stadium, there will be fans who play the slogan "Lin Rongfu get out". Not long ago, a Valencia fan couple came to Singapore, pulled a banner in front of Lim Rong Hock's house to protest, and were detained by the Singapore police.
According to the newspaper As, poor results and fan protests are not all the reasons for Lim Rongfu's sale of the club, and Lim Rongfu's failure to complete the construction of the new Mestalla Stadium is also a key factor. As early as 2006, Valencia decided to build a new stadium, but by 2024, the new stadium has not yet been seen. La Liga president Tebas also said it would be much easier for Lim to sell Valencia if the new stadium was under construction.
In 2014, Lin Rongfu officially joined Valencia. In the past 10 years, Valencia has been getting worse and worse, ranking 16th in La Liga in the 2022-23 season, at the level of a relegation team; This season, Valencia are battling relegation. According to the newspaper As, the total investment of Lin Rongfu in Valencia FC in the past 10 years is about 290 million euros. Valencia has lost money in nine of its 10 seasons. If Lin Rongfu sells the club for 350 million euros, he will not make any money.