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An investment group is set to acquire a significant stake in Valencia, the Spanish club have announced. Backed by co-founders George Roberts and Henry Kravis, the group will purchase a 42 percent stake in Los Che, valuing the club at a minimum of €1.25 billion.
Pitchwise Holdings, a consortium of private family offices and long-term institutional investors led by sports executives Ann Rodriguez and Corey Woolfolk, will purchase the shares from Valencia's majority owner, Meriton Holdings, according to the club's statement.
Direct investment in the team will immediately amount to €100 million, with the completion of the deal subject to customary closing conditions, including regulatory approvals. Meriton will retain their majority shareholding in Valencia for now, and Kiat Lim will remain as club president.
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