to sign any player during summer transfer season, while the club was selling key players such as captain Dani Parejo, who left for free to regional rivals Villarreal. Ferran Torres was sold to Manchester City for half his market value, as he refused to renew his contract and attempted to leave for free. Overall, Valencia sold players worth 85 million dollars in order to rebalance the club's books. These arrangements allowed the club to continue paying salaries to the players, which failed to do at the beginning of the season. During the winter season, the club reinforced the team with three loan signings, Italian striker Patrick Cutrone, Uruguayan midfielder Christian Oliva, and central defender Ferro. After six seasons under Peter Lim's ownership, Valencia CF began to pay the banks, which it was financially unable to do previously. The club thus far has accumulated loses of 323 million euros in the club, while the value of his biggest investment company, Thomson Medical Group, lost 1.7 billion euros during the same six-year period. His management resulting in player sell-offs and lack of inward transfers has been criticised by Valencia's fans, players such as Geoffrey Kondogbia, and managers and directors such as Cesare Prandelli, Javier Subirats, and Javi Gracia. In October 2021, Peter Lim co-founded ZujuGP with his son. ZujuGP is envisioned as a digital platform to digitize the live game experience for fans by providing entertainment, networking and e-commerce options. It will also build an ecosystem of services for teams to recruit players, club personnel, train and mentor aspiring players powered by its open source, AI-driven platform. ZujuGP is endorsed by Manchester United star Cristiano Ronaldo who is a long time friend and partner of Peter Lim. During Season 2022-23, the situation of Valencia CF worsened far more. Manager Gennaro Gattuso was sacked in January, leaving the team in relegation spots. His substitute, Rubén Baraja, was the 12th manager the team had since Lim arrived, averaging two different managers per season. In the meanwhile, Valencia fans have been protesting against Lim's dismanagement of the team for years, with a Fan Club adressing a protest letter to the Singapore Consulate in Madrid. Philanthropy In June 2010 the Singapore Olympic Foundation (SOF) set up the SOF-Peter Lim Scholarship with a S$10 million donation from Lim. The gift is the single largest donation in Singapore from an individual towards sports development. The recipients are typically