Soler resigns as president of crisis club Valencia
( dpa ) - Juan Soler has resigned as president of Spanish crisis club Valencia, according to the digital version of Marca on Wednesday.
There has still been no official announcement about the resignation from Valencia, which has undergone a traumatic season. Neither is it clear whether Soler has sold his controlling stake in the troubled club.
According to Marca, the favourite to succeed Soler is Rafael Salom, who was one of the club's vice-presidents.
Soler has been president since 2004, and has made himself unpopular with the fans due to the club's lack of success since then.
He has spent millions of euros on players, coaches and sporting directors, earning himself the criticism of the media and the opprobium of the fans.
This season nothing has gone right for Valencia. Coach Quique Sanchez Flores was sacked due to a poor start in the Champions League.
However, things have gone from bad to worse under replacement Ronald Koeman, and Valencia are currently ninth in La Liga - and looking for a new president.