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    Soriano returns to Valencia with injection of funds

    Reuters

    Monday, July 6, 2009

    Former Valencia president Vicente Soriano has regained control of the debt-ridden Spanish club at the head of a group of investors who he says are ready to inject €500m. Soriano, who stepped down just over a month ago, told a news conference in Valencia on Monday the group, Inversiones Dalport SA, had purchased 51% of the stock and the cash injection would effectively wipe out the club's debts. He declined to identify the investors but said the group was backed by a large corporation with ...

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