The Generalitat Valenciana will cast a “judge” to Valencia
Vice President and spokesman of the Consell, José Ciscar, It announced Friday that the Government will negotiate with Bankia to avoid having to shell out immediately and once all of the loan subscribed by the Valencia Football Club Foundation with the entity, with support of the Valencian Institute of Finance (IVF), after the founding communicate the impossibility of dealing with payment.
At the press conference after the plenary of the Valencian Executive, Císcar has indicated that if finally occurs “what with confidence seems to be produced” following the announcement of the Foundation, Bankia will be negotiated with other formulas to achieve the Consell to avoid full payment of the loan at once, as its conversion to another financial product, Since the Government has responsibilities for payment “most urgent”.
About, stressed that Bankia “It has always been sensitive to Valencia” and it is shown “convencido” that in this case “Maximum sensitivity will be”. He also pointed out that in the event that the Generalitat will become the maximum shareholder of the club, this fact “It wants to say he had to intervene in the normal operation” of Valencia CF. “The Generalitat is not to manage football clubs”, he asserted.