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Peter Lim not selling Valencia, with son appointed club's new president
The Straits Times
|March 05, 2025
Local billionaire Peter Lim's only son Kiat Lim will take over from Chan Lay Hoon as the new president of Spanish La Liga team Valencia on March 5.
In a media statement on March 3, Chan said: "I am pleased to pass the baton to Mr Kiat Lim, who is the son of our major shareholder. This appointment is a strong affirmation of the shareholder's (Peter's) ongoing commitment to the club and its future."
Kiat Lim, 31, has been a director at the club since 2022.
The announcement came hours after Peter Lim, 71, refuted recent media reports that he is looking to sell his majority stake in the relegation-threatened team.
In response to queries from The Straits Times about the rumours, Meriton Holdings, the group that holds Lim's stake, separately issued a brief media statement that said: "Meriton wants to make it clear that such reports are false. Valencia CF is not up for sale and Meriton remains committed to Valencia CF."
Denne historien er fra March 05, 2025-utgaven av The Straits Times.
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