Valencia are back in the Champions League and the general consensus is that such a triumphant return to Europe’s top table ensures a drastic upturn in their financial position, the Spanish giants are still in a position that they need to raise funds.
Los Che are hopeful of raising upwards of €45m in player sales in the next month with Joao Cancelo – who spent last season on loan at Inter – set to be the first player to leave the club while the futures of Simone Zaza and Santi Mina are also in the spotlight.
It is not that the club are in deep financial trouble but they do not have the revenue streams which are available to those in England’s top flight due to substantial TV packages. Despite the income which will come from being back in the Europe’s premier club competition there is a need to off-set financial outgoings and bring spending levels back into a manageable bracket.
Valencia have built a reputation over the past decade of being Spain’s worst run club at the top level. Squad management has been poor, players have been undersold, lavish fees have been splashed on mediocre talent and player positions have been overstocked. Under Coach Marcelino Garcia Toral and general manager Mateu Alemany, things are now going in the right direction both on and off the pitch.
Cancelo looks set to join Juventus, after rejecting advances from Wolverhampton Wanders. The Portuguese defender will be sanctioned to leave on a season-long loan deal with an obligation for Juve to pay €40m at the end of the campaign. The 24-year-old spent last season on loan at Inter in Italy, but the Milanese giants could not stump up their option of signing Cancelo outright for €35m last month.
Italian striker Zaza has also been linked with a return to Serie A, with reports saying Milan are interested in a deal. However, after netting for Roberto Mancini’s side against The Netherlands on Monday he stated: “I have not talked to the club about my future, they have not been in contact with me.”
Mina, who scored 12 La Liga goals in 17 starts last season, could also be on the move due to the reported interest of several Premier League clubs, including Watford. A promising forward aged just 22, he could command a fee of €25m.
It is also telling that while Valencia are linked to talented Celta Vigo midfielder Daniel Wass, any fee would be minimal due to his contract expiring at the Galician club next year. The Danish international has also signalled his intentions to leave ‘for a Champions League club’. However, they were able to wrap up the €25m signing of Geoffrey Kondogbia on a permanent basis, and may attempt to re-sign Paco Alcacer, out-of-favour at Barcelona.
Next season will be a massive test for Valencia due to their busy schedule both domestically and in Europe, so striking the right balance in this window and adding depth to their squad in an affordable and sensible way will hold the key.
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