MADRID (Reuters) - Valencia president Chan Lay Hoon will step down in July, the club said on Monday, after employing five different coaches in little more than two years in charge. The La Liga club said in a statement that she would be replaced by fellow Singaporean and former diplomat Anil Murthy, who will step up from his current position as an executive director. But after finishing fourth in 2015, Valencia could only manage 12th place last season and find themselves stuck mid table this term. According to Valencia's website, Murthy has spent nearly 16 years' working with the Singapore government, advising ministers on trade, culture and diplomacy. Manchester United supporter Lim bought then debt-ridden Valencia in 2014 after a failed attempt to purchase English Premier League side Liverpool four years earlier.

Source: The Star April 10, 2017 15:33 UTC