Valencia not heading for bankruptcy

Valencia will not be heading for bankruptcy, according to Los Che's general manager Javier Gomez. Valencia have been in the press over the past few days for their struggling financial situation.

Many Valencia fans are concerned that their club may be heading for bankruptcy.

"I want to state the following: in first place, what is utterly false is that the club is in bankruptcy," Gomez revealed.

"Secondly, we are working hard to implement a viability plan that will give economic and financial stability to the club and that, obviously, has its difficulties.

"To the fans we want to ask them to be calm, because we are working hard to obtain this economic and financial stability and achieve what we all want, which is sporting success. We are working with the financial institutions, as is usual."