Born in
Valencia, Salvo was elected president of his hometown's
La Liga club
Valencia CF in June 2013, while the club was experiencing financial difficulties. He received over 90% of the vote. In May 2014, he supported the takeover of the club by
Singapore billionaire
Peter Lim. In December, Lim moved Salvo to executive president, while the presidency of the board went to his associate
Lay Hoon Chan. Salvo resigned in July 2015, shortly after
sporting director Francisco Rufete and several other backroom staff, and Chan took his place. Salvo dismissed allegations that he had a feud with manager
Nuno Espírito Santo and Portuguese
sports agent Jorge Mendes, a close friend of Lim and alleged influence in the running of the club. Days after leaving Valencia CF, Salvo founded
UD Ibiza, a revival of the
UD Ibiza-Eivissa club that folded in 2010. He was able to use the defunct club's identity by settling its debts of over €50,000 with the
Balearic Islands and national football federations. Weeks before the promotion, the club was converted into a
Sociedad Anónima Deportiva (SAD), a form of
public limited company obligatory for clubs in the top two divisions of Spanish football; the initial capital was €700,000. ==References==