Valencia has announced that it has sold three players for a total transfer fee of €30 million, with the club also announcing that it will use this money to invest in its youth academy and improve its playing squad.

The club's financial performance has been under scrutiny in recent years, but the sale of these players is expected to help boost the club's finances and give it more flexibility when it comes to player transfers and other expenses.

The club's general manager, Javier Tebas, said that the sale of these players was part of Valencia's strategy to build a stronger and more competitive team.

"We are very proud of our young players and we want to see them develop into top-class professionals," he said. "We believe that selling some of them will allow us to strengthen our squad and give us the best chance of success."

Valencia's decision to sell these players is likely to be met with criticism from fans who feel that they should have been given a longer contract or that they were not properly evaluated by the club before being sold.

However, the club's financial performance is important and the sale of these players is expected to help it achieve its goals. The club's new head coach, Marcelino, will now have access to more funds to make changes to the team and to improve its chances of winning trophies.