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They Hailed the New Owner as a Savior. Then They Got to Know Him.

Related Topics: Valencia, Jorge Mendes, Peter Lim

Valencia fans had waited 11 years for this kind of celebration.

A generation earlier, their soccer team, Valencia C.F., had been one of the best clubs in Spain, a two-time Champions League finalist and a domestic champion. That was before financial crises and mismanagement had sent it into a yearslong tailspin.

Now, in the spring of 2019, the fans could start to believe again. Victory in the Copa del Rey, Spain’s domestic cup competition, had ended a decade-long trophy drought. A deep-pocketed billionaire with powerful soccer connections now owned the club. The trophy, and the money, would herald the start of a journey back to the top, back to relevance in La Liga, back to closing the gap with the likes of Barcelona and Real Madrid.