Dubai’s Sanban Group acquires majority stake in Valletta FC

The Dubai Sanban Group, which is mostly involved in real estate, has acquired a majority stake in Valletta FC and vowed to take the club to the group stages of the Champions League.

Club president Victor Sciriha, who will stay at the helm, said Valletta FC will become the envy of every other football club in Malta.

The ordinary administration of the club will be run by Mr Sciriha and the rest of the Valletta FC committee.

The investors are pleased to have started a working relationship with the Malta champions and vowed to turn Valletta into a competitive team in European football.

“We are very happy to be joining the Valletta FC family,” one of the investors said during the ceremony.

“Our intention is to ensure that Valletta FC will have a bright future. It is our goal to make the team more competitive and we are already planning to strengthen the team with a number of high quality signings in the next few months.

“We want Valletta FC to play in Europe, to reach the group stages of the Champions League and be competitive.”

Mr Sciriha said: “This is an historic day for Valletta FC,” president Victor Sciriha said during the ceremony yesterday.

“I am honoured to have met such nice people who are willing to invest seriously in Valletta FC.

“We have been in talks for a number of weeks and we took our time because we wanted to make sure that it was done for the good of the club. He also told the Valletta supporters that the club has big plans for a very exciting future.”