Bankia and Valencia begin negotiations over sale of club
Bankia has reiterated that the objective of the sale is to find a solution "that guarantees the best sporting, economic and social project for Valencia".
Bankia, Valencia and the Valencia Foundation have agreed that its advisers should be allowed to open negotiations over the sale of the club, starting this weekend.
In a meeting held at Bankia's headquarters in Madrid, directors from the institution informed representatives of Valencia, the Foundation and the regional government of the level of progress that has been made in finding investors to fund the sale.
Sources close to the deal have told Efe that the following people sat in on the meeting: the head of the regional tax authority, Juan Carlos Moragues; the Valencia president Amadeo Salvo; the president of the foundation, Aurelio Martínez; advisers of the club and the foundation, plus representatives from Bankia and its advisors.
In the meeting, which lasted approximately two hours, all parties agreed that the advisers of Bankia, the club and the Foundation should get to work immediately to advance the sale of the club.
According to sources, it was insisted that everyone involved in the process took a vow of confidentiality, with the aim of finding a global and consensual solution that satisfies all parties.
Bankia has reiterated that the objective of the sale is to find a solution "that guarantees the best sporting, economic and social project for Valencia" and therefore are going to press on with meetings between advisers designated by the club, Foundation and the bank itself.