Valencia, the Spanish football club based in Valencia, has announced that it has earned €30 million (approximately $35 million) in transfer revenue from selling players during the summer transfer window.
The club's president, Joseba Martinez, said in a statement that the sale of key players such as Gerard Pique and Adama Traore had helped to boost the club's financial position ahead of the new season.
"Transfer revenue is one of our main sources of income and we are very pleased with how it has performed this year," Martinez said. "We will continue to focus on developing our squad for next season and improving our performance on the pitch."
According to reports, Valencia sold several high-profile players during the summer transfer window, including Pique and Traore, who both played crucial roles in helping the club win the La Liga title last season.
The club also announced that it would be investing heavily in its youth academy in the coming years, in order to build a strong foundation for future talent development.
Overall, the announcement by Valencia that it has earned €30 million in transfer revenue from selling players is a positive sign for the club and its supporters. The success of the summer transfer window could help to secure Valencia's place at the top of Spanish football for many years to come.