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Amadeo Salvo

From Wikipedia, the free encyclopedia
Spanish football executive (born 1967)
In thisSpanish name, the first or paternal surname is Salvo and the second or maternal family name is Lillo.
Amadeo Salvo

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

Biography

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Born inValencia,[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'sLa Liga clubValencia 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 bySingapore billionairePeter Lim.[4] In December, Lim moved Salvo to executive president, while the presidency of the board went to his associateLay Hoon Chan.[5] Salvo resigned in July 2015, shortly aftersporting directorFrancisco Rufete and several other backroom staff, and Chan took his place. Salvo dismissed allegations that he had a feud with managerNuno Espírito Santo and Portuguesesports agentJorge Mendes, a close friend of Lim and alleged influence in the running of the club.[6]

Days after leaving Valencia CF, Salvo foundedUD Ibiza, a revival of theUD 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 theBalearic 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 theTercera División in 2017 and theSegunda División B a year later, before reaching theSegunda División in May 2021 with aplayoff win overUCAM Murcia CF.[7] Weeks before the promotion, the club was converted into aSociedad Anónima Deportiva (SAD), a form ofpublic limited company obligatory for clubs in the top two divisions of Spanish football; the initial capital was €700,000.[8]

References

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  1. ^abPalomo, 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). Retrieved22 December 2022.
  2. ^abcVidal, 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). Retrieved22 December 2022.
  3. ^Rogers, Iain (6 June 2013)."Financially troubled Valencia appoint new president".Reuters. Retrieved22 December 2022.
  4. ^Hanlon, Tim (17 May 2014)."Singapore businessman Lim buys Valencia". Reuters. Retrieved22 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). Retrieved22 December 2022.
  6. ^Garcia, Adriana (2 July 2015)."Valencia president Salvo resigns as five members of staff depart".ESPN. Retrieved22 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). Retrieved23 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. Retrieved23 December 2022.
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