euros in order to rebalance the club's books. At the beginning of the season, the club was unable to pay the salaries to the remaining players. After six seasons under Peter Lim's ownership, Valencia CF accumulated losses of 323 million euros, while the value of his biggest investment company, Thomson Medical Group, lost 1.7 billion euros during the same six-year period. Following those years of mismanagement, the playing squad was cut significantly in terms of quality and Lim's ownership has faced strong criticism in Valencia. In the 2021–2022 season, José Bordalás was hired after spending 5 seasons at Getafe CF. They reached the Copa del Rey final in his first season in charge, where they lost to Real Betis on penalties after a 1-1 draw. References External links Valencia CF history. Valencia CF Valencia