Peter Lim has completed his buyout of Valencia.
AS says the Singaporean magnate has purchased a 70 per cent stake from Fundació VCF and is expected to attend Elche game as club's new owner.
On Friday afternoon the necessary paperwork was signed simultaneously in Madrid and Valencia, sealing a new era for the club, which has never since its foundation in 1919 been controlled by foreign ownership.
The 70.4-percent stake in Valencia CF goes to Lim for the sum of €100 million, with an initial payment of €22 million.
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