Valencia directors reveals club having issue with players payment due covid19

Valencia directors reveals club having issue with players payment due covid19

Valencia do not have the cashflow to pay their players, it has been revealed.

AS says directors have offered to issue the players with promissory notes - a form of IOU note which guarantees to pay what they are owed for the remainder of last season although the maturity date - when the club must pay what they owe employees, is not until September 2021.

Valencia's income has been virtually nonexistent since the start of the Covid-19 crisis - to the extent where the director of the club's finances Inma Ibáñez made a personal visit to inform the players that it is not possible to pay their wages as from today.
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