Valencia’s annual shareholders’ meeting was over before it even started as supporters fumed at Peter Lim’s disastrous ownership.
Club directors held the meeting at the club’s Mestalla stadium, but walked off after less than 10 minutes as they were bombarded with shouts of “Peter Lim, go now.”
Lim, who has stopped any involvement or investment at the club as he seeks a sale, was unsurprisingly not present, but his no.2 and club president Layhoon Chan was.
She faced shouts of “Layhoon you liar” while director Germán Cabrera tried to orchestrate matters but soon gave up.
“We are going to try for five minutes, if we see that we can’t, we stop and leave,” he said before adding. “If we can’t speak, we will go straight to the vote.”
The board then headed back down the tunnel before a club statement was produced which read: “Given the impossibility of holding the 2024 Ordinary General Shareholders’ Meeting due to the protests, we will go directly to the voting of the points of the day. The result of the votes will be published on the electronic headquarters.”
Valencia shareholders are fully aware of how bad things are at the club, given that recent accounts have shown a huge debt and that Lim has turned off the tap.
His decade in charge now looks at an end, with Valencia bottom of LaLiga and heading for a catastrophic relegation.
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