New governance in Valencia

Posted on Wednesday, July 9th, 2008

The former president of Spanish telecoms group Telefonica, Juan Villalonga, will take executive direction of the football club Valencia. The club president Juan Soler, will retain its majority of shares (37%), keeping economic rights, but will transfer to Mr. Villalonga political rights and be responsible for directing the club, according to the newspaper El Pais. [...]

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