Updated: Valletta FC presidents Alex Fenech and Victor Sciriha cancel club’s debts with them

Current Valletta FC president  Alexander Fenech and his predecessor Victor Sciriha have confirmed that they will forgive the Premier League club the money it is owed to them.

On Wednesday morning, the current Valletta FC president wrote a short note to club members, where he announced that he informed the committee he decided to forfeit the €1.5m the club owed him since 2015 as he does not want the future of the club compromised.

“This morning during a committee meeting, I informed my colleagues that I will be forgiving every cent that I have written down on the club’s financial books,” Fenech wrote.

“The money I invested in the club has not only brought the sad situation we find ourselves in but also four league championships, two of which were league and cup double. From 2015 till today (as before I didn’t keep a record of anything) I forked out around €1.5 million.”

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“For me, the club comes only after my family, and for this reason, I don’t want our great club’s future to be in some way compromised by the debt they have with me.

“Come on Valletta FC for ever. I hope whoever comes after us will bring the club to the glories it deserves.”

After Fenech’s comments, the Times of Malta has also reached former club supremo Victor Sciriha who also confirmed his intention to cancel the debts the the Premier League club had with him.

“I don’t think that anyone should ask me such questions as right from the outset my intention was always not to take back the huge sums of money that I have invested in the club during the time as club president,” Sciriha told the Times of Malta.

“If the Valletta FC committee want, we can sit down in front of a public notary and put this written and signed on a paper so that everyone can have the peace of mind that what is being said is true.

“The club has always been close to my heart and I would never do anything to put it in any form of difficulty.” 

Sciriha did not want to divulge the amount Valletta FC owed him but said only that it was higher than the sum mentioned by Alexander Fenech.

During his presidency, Victor Sciriha masterminded a very successful spell for Valletta FC.

Valletta FC won seven league titles, three FA Trophies, the Super Cup seven times, three Euro Challenge Cups, the 100 League Anniversary Cup and the pre-season Betfair Cup when Valletta beat Italian giants Juventus on penalties.

The comments from former presidents Fenech and Sciriha arrive at a very difficult time for Valletta FC as the team is passing through one of their worst seasons in Malta’s top flight.

Last weekend’s 2-0 defeat to relegation rivals Santa Lucia has left the team in huge danger of losing their Premier League status for the first time in the club’s history.

Valletta FC have not won a league match since February 28 and they are currently third from bottom on 20 points, five behind Premier League safety.

When the Premier League returns in ten days’ time, Valletta FC face a must-win derby against fierce rivals Floriana who are currently topping the standings on 51 points, two clear of champions Ħamrun Spartans.