Singapore billionaire Peter Lim has reportedly denied media reports that he is selling his Spanish La Liga team Valencia CF.

Valencia CF said it has appointed Kiat Lim—son of the Spanish football club’s largest shareholder, billionaire Peter Lim—as its new president.

Peter Lim, a Singaporean who came from nothing to becoming a billionaire, recently made headlines after reports that he was putting the famous Spanish football club Valencia CF on sale.

Valencia’s future on the pitch has taken an upturn since the arrival of Carlos Corberan as mananger, with Los Che now off bottom and only in the relegation zone on goal difference. However what is

Valencia CF’s Board of Directors has announced the appointment of Mr. Kiat Lim as the new President of the Club, effective March 5, 2025. Kiat Lim, who has served as a Director of Valencia

Spanish football club Valencia CF have named Kiat Lim, the son of owner Peter Lim, as its new president.

He also refuted media reports that he is looking to sell his majority stake in the club. Read more at straitstimes.com.