AS.com

Valencia's much criticised president Manuel Llorente held a press conference on Tuesday at the Mestalla, affirming his intention to stay on at the club, despite large sections of the club's supporters calling for him to resign after losing 0-1 to Rayo Vallecano on Sunday.

Llorente insisted that the club was stable and criticised former president Paco Roig, who recently spoke out against the running of the club.

Statement: "I am here today, alongside my colleagues as president of the board, to declare that Valencia is a strong and stable club. We firmly believe that we have the resources, structure and competitive capacity to continue the work we started here three and a half years ago."

Self criticism: "I have made some mistakes as president, that cannot be denied, and I accept that. We all know which areas we have to improve in."

The club as an institution: "I want to share a thought of mine with you all - a period of poor results on a sporting level does not mean the club is going through an institutional crisis."

Fans booing the president: "If I thought that my leaving the club would rid us of our economic and sporting problems I wouldn't be here, I would have left a long time ago."

Paco Roig and his criticism of the club: "Paco Roig also said that he would build the Empire State building in the Mestalla."