Singapore billionaire Peter Lim has reportedly denied media reports that he is selling his Spanish La Liga team Valencia CF.

Unpopular Valencia owner Peter Lim hired his son, Kiat, as the club's president on Monday after the departure of previous chief Layhoon Chan. Valencia fans have been protesting Lim's management of their club for years.

Valencia fans look a step closer to the thing they have been asking for after owner Peter Lim reportedly put the club on the market. The Singaporean magante has been in charge since 2014, but has

Valencia CF said it has appointed Kiat Lim—son of the Spanish football club’s largest shareholder, billionaire Peter Lim—as its new president.

Peter Lim, a Singaporean who came from nothing to becoming a billionaire, recently made headlines after reports that he was putting the famous Spanish football club Valencia CF on sale.