Last hurdle overcome in Lim's record Valencia deal


Singapore businessman Peter Lim (2nd R) watches Real Madrid play Bayern Munich in their Champions League semi-final first leg soccer match at Santiago Bernabeu stadium in Madrid April 23, 2014. REUTERS/Sergio Perez

SINGAPORE (Reuters) - Singaporean Peter Lim will complete a record deal to buy Valencia in the next couple of weeks after overcoming the final hurdle on the restructuring of the team's huge debts, the club's president told Reuters on Friday.

Amadeo Salvo Lillo did not reveal the terms of the agreement but said the purchase was the most expensive in Spanish soccer and bettered only by the 800 million pounds the Glazer family paid for Manchester United in 2005 and the 300 million pounds Liverpool cost the Fenway Group four years ago.

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