Last summer, Pamesa ceased to be the main sponsor of Valencia Basket after 23 years with the club being without a main sponsor since.

The club’s excellent performance in the ACB (6-1) so far however could not be overseen and Valencia managed to reach an agreement with Power Electronics which will be the new main sponsor.

The deal will be officialised in an event to be held on Thursday at the presence of representatives of both parts as well as many personalities from the fields of sports and politics.

Although no financial details were given to publicity, Valencia is expected to receive 2 million euros over the next two years thanks to this deal.