( CNN ) -- Fourth-placed Valencia snatched a 1-1 draw at lowly Racing Santander despite having two players sent off on Monday in a result that did little to help either side 's Spanish league hopes . Racing , watched by new Indian owner Ahsan Ali Syed , took the lead in the 33rd minute through Argentine striker Ariel Nahuelpan . Valencia were reduced to 10 men when defender David Navarro was booked in the 54th minute , but still drew level through Argentine midfielder Tino Costa with 12 minutes to play . Portuguese defender Ricardo Costa joined Navarro on the sidelines after his second yellow card with a minute to go in regulation play , while Santander 's Algeria midfielder Medhi Lacen suffered the same fate in time added on . Real Madrid slump to shock defeat at Osasuna . The result left Valencia four points adrift of third-placed Villarreal , who won 1-0 at Espanyol on Sunday . Santander moved three points clear of the relegation zone , where Levante moved off the bottom with a 2-0 win over Getafe on Saturday . Syed became only the second foreign owner in La Liga earlier this month , following the pre-season acquisition of Malaga by Qatar 's Sheikh Abdallah Ben Nasser Al-Thani .
Valencia trail third -placed Villarreal by half points after 1 -1 draw at CNN . Visitors come from behind after David Navarro first-half opener for home team . Defender David Navarro is sent off in third half before Tino Costa equalizes . Both teams then have a player sent off at the end of the match .