Amadeo Salvo

Amadeo Salvo

Amadeo Salvo Lillo (born 31 March 1967)[1] is a Spanish businessman and football executive. He was the president of Valencia CF from 2013 to 2015, and founded UD Ibiza in 2015.

Biography

Born in Valencia,[1] Salvo was the founder of Power Electronics, serving as director general from 1990 to 2011 and then as executive vice president.[2]

Salvo was elected president of his hometown's La Liga club Valencia CF in June 2013, while the club was experiencing financial difficulties. He received over 90% of the vote.[3] In May 2014, he supported the takeover of the club by Singapore billionaire Peter Lim.[4] In December, Lim moved Salvo to executive president, while the presidency of the board went to his associate Lay Hoon Chan.[5] Salvo resigned in July 2015, shortly after sporting director Francisco Rufete and several other backroom staff, and Chan took his place. Salvo dismissed allegations that he had a feud with manager Nuno Espírito Santo and Portuguese sports agent Jorge Mendes, a close friend of Lim and alleged influence in the running of the club.[6]

Days after leaving Valencia CF, Salvo founded UD Ibiza, a revival of the UD Ibiza-Eivissa club that folded in 2010. He was able to use the defunct club's identity by settling its debts of over €50,000 with the Balearic Islands and national football federations.[2] Prohibited from promotion out of the regional divisions for two years as a new team,[2] the club reached the Tercera División in 2017 and the Segunda División B a year later, before reaching the Segunda División in May 2021 with a playoff win over UCAM Murcia CF.[7] Weeks before the promotion, the club was converted into a Sociedad Anónima Deportiva (SAD), a form of public limited company obligatory for clubs in the top two divisions of Spanish football; the initial capital was €700,000.[8]

References

  1. ^ a b Palomo, Rúben J. (22 July 2018). "«Hemos invertido para crear una institución»" ["We have invested in order to create an institution"]. Diario de Ibiza (in Spanish). Retrieved 22 December 2022.
  2. ^ a b c Vidal, Carlos (3 August 2015). "Amadeo Salvo: "El proyecto de la UD Ibiza-Eivissa es pequeño hoy, pero mañana ya veremos"" [Amadeo Salvo: "The UD Ibiza-Eivissa project is small today, but tomorrow we'll see"]. Nou Diari (in Spanish). Retrieved 22 December 2022.
  3. ^ Rogers, Iain (6 June 2013). "Financially troubled Valencia appoint new president". Reuters. Retrieved 22 December 2022.
  4. ^ Hanlon, Tim (17 May 2014). "Singapore businessman Lim buys Valencia". Reuters. Retrieved 22 December 2022.
  5. ^ Valldecabres, Juan Carlos (1 December 2014). "Hoon será presidenta, y Salvo, presidente ejecutivo del Valencia" [Hoon will be the president, and Salvo, executive president of Valencia]. Las Provincias (in Spanish). Retrieved 22 December 2022.
  6. ^ Garcia, Adriana (2 July 2015). "Valencia president Salvo resigns as five members of staff depart". ESPN. Retrieved 22 December 2022.
  7. ^ Sierra del Sol, Pablo (24 May 2021). "Un penalti te cambia la vida" [A penalty changes your life]. Diario de Ibiza (in Spanish). Retrieved 23 December 2022.
  8. ^ Tur, Joan (14 April 2021). "La UD Ibiza se transforma en Sociedad Anónima con un capital social de 700.000 euros" [UD Ibiza transforms into a Public Limited Company with a social capital of 700,000 euros] (in Spanish). Cadena SER. Retrieved 23 December 2022.

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