Valencia general director Javier Gomez has rubbished reports which emerged this week suggesting that the club is on the brink of bankruptcy.
Los Ches have well-publicised financial problems, although they did manage to keep hold of sought-after Spain stars David Villa and David Silva this summer.
Now Gomez has moved to dismiss claims that the club has been rejected in its attempts to secure a €250 million credit limit or that it could ultimately go under.
He said: "I want to state the following: in first place, what is utterly false is that the club is in bankruptcy.
"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."
Gomez also pleaded with the club's fans to remain calm and reassured them that he is hopeful that the financial situation will be resolved.
Valencia won La Liga in 2002 and 2004 under the stewardship of current Liverpool boss Rafael Benitez.
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
