Valencia fans gather en masse to protest S'porean billionaire owner Peter Lim to leave

Lim was supposed to be the saviour of the club when he took over in 2014.

Belmont Lay | January 04, 2017, 10:24 PM

Spanish side Valencia suffered a 4-1 defeat against Celta Vigo in the Copa del Rey on Tuesday evening, Jan. 3, 2017.

This sent fans out onto the streets in protest as the club's poor season hit a new low at the Mestalla.

Demonstrations took place outside the stadium after the final whistle, where supporters hit out at the ownership of Singaporean billionaire Peter Lim, chanting, "Peter go now," and "Wake up Mestalla, this is shit".

Lim had sacked Gary Neville last season after a disastrous four-month managerial role that saw only three La Liga wins.

In Tuesday's game, Valencia went down by three goals within 20 minutes.

Club president and fellow Singaporean Chan Lay Hoon was in the directors' box to witness the match and the reaction of the crowd, who whistled at the side at half-time.

Valencia are also in search of a new head coach after Cesare Prandelli's quit suddenly on Dec. 30 leaving Valencia 17th in La Liga with just 12 points from 15 matches.

They sit outside the relegation zone only on goal difference.

Lim took over in 2014 and was seen as a saviour after the club suffered years of financial hardship.

Lim's money and connections to Portuguese super agent Jorge Mendes were to overturn the vast debt sustained by the club.

However, his reign only saw the deterioration in Valencia's standards graver than before and he is seldom seen at games in Spain.

Lim's millions in the transfer market failed to translate into tangible victory, even as rivals Atletico Madrid, Sevilla and Villarreal continue to see gains in stability.

This has led to fans turning on the players and eventually on the club's management.

Here's a video of the street protest:

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