Singaporean billionaire Peter Lim denies reports of selling Spanish football club

Peter Lim (R) and his wife Cherry Lim at a match of Valencia CF. Photo by Valencia CF

In a statement on Monday, Meriton Holdings, the company through which Lim owns Valencia, said: "Meriton wants to make it clear that such reports are false. Valencia CF is not up for sale and it remains committed to Valencia CF," The Business Times reported.

Previously, multiple reports suggested that Lim was seeking €400 million (US$419.18 million) for his majority stake at the club.

When Lim acquired Valencia CF in 2014, he was initially hailed as a savior, rescuing the club from financial crisis and potential administration. However, optimism faded as the club's financial struggles continued and investment dried up.

Five years into his ownership, Lim controversially sacked Marcelino Garcia Toral, a popular manager who had led Valencia to Copa del Rey success. Since then, the club have been a regular in the relegation battle, with their top players getting sold each summer.

One of the biggest concerns remains the stalled Nou Mestalla Stadium project, which has been in limbo for over a decade as Lim stopped the fund. While an agreement has been reached with the Valencia city council to resume construction, any potential new owner would likely need to help finance its completion.

Reports of Lim looking to sell Valencia have circulated for months, fueled by the club's financial struggles. Spanish media previously estimated Valencia's debts at €340 million, worsened by the unfinished stadium project.

According to Espana Football, an Indonesian party showed interest in buying the club two years ago, but Lim declined to sell. More recently, reports have linked Nasser Al-Khelaifi, the president of Paris Saint-Germain, as a potential investor. However, the Qatari businessman has yet to make any official offer.

Lim, 71, is a private investor who has a net worth of $1.6 billion as of 2025, according to Forbes.