Valencia is serious about finishing Nou Mestalla – StadiumDB.com

20/06/2024 16:00
source: Valencia CF, El Español, El Desmarque, COPE; author: Miguel Ciołczyk Garcia

Numerous unfulfilled promises mean that neither the residents nor the city authorities believe the declarations of the Nietorze authorities. It seems that the information finally reached the club’s representatives, who sold part of the land around Nou Mestalla to provide funds for the completion of the facility itself. Despite this, many still do not believe in the sincerity of their intentions.

110 million euros for the completion of Nou Mestalla

At the end of May, Valencia CF announced sale of a plot adjacent to ul Nou Mestalla to Atitlan Desarrollos Inmobiliarios. This is the culmination of a long negotiation process and represents an important step forward for Valencia CF towards the resumption and completion of construction of its future headquarters (…) Valencia CF is taking further steps to make Nou Mestalla a reality.

According to El Españolthe club has 110 million euros – EUR 80 million from the CVC fund for the development of sports infrastructure and approximately EUR 30 million from the sale of land (EUR 35 million according to El Desmarque) – which he intends to use to complete the construction. In December, club president Lay Hoon Chan assured that approx EUR 170 million were needed to complete the work.

Caixabank, which has ensured the club’s solvency it could be helpful to offer a bridging loan to enable the club to quickly resume work that stalled in 2009. Valencia CF Corporate Director, Javier Solís, quoted by El Desmarqueassured that the club is waiting for an agreement and is determined to resume work. Funds generated from this operation will also help pay for the new stadium. – Solí emphasized.

“It doesn’t change anything”

The reality, however, is that how El Español Reports suggest that politicians fear that the club’s owner’s real target is Peter Lim to increase the value of the land where Mestalla is located, by obtaining preferential conditions, including permission to build more buildings and create a service zone in the area, in accordance with an agreement dating back approximately ten years. The club did not respond to our question about the veracity of these allegations.

Members of the ruling coalition – the center-right People’s Party and the right-wing VOX – announced that they were working on a solution to prevent the extension of preferential conditions. This is due to the rejection of the opposition’s idea that the club should pay a deposit in the amount of the remaining costs of the stadium as a guarantee of its completion. The ruling majority claimed that such an agreement was illegal.

The city’s mayor, María José Catalá, said in an interview DEAL This the sale of the land by the club does not change anything. I just want the owner of Valencia to fulfill his obligations to the city and not regain preferential conditions on August 3. I don’t want anything else. And I will use any means that will get me there. – added the mayor.

Time is running out…

Why is the date of August 3 so important for the mayor of Valencia? This is when the deadline expires, after which, if appropriate solutions are not implemented, Valencia CF will receive, among others: free hand, something that all political forces fear. Therefore, in June or July, the coalition partners are to present another proposal to solve the problem.

On Monday, VOX presented its own idea, as reported by the portal El Desmarque. Local party leader Juanma Badenas said VOX had two options – either Valencia would raise all the funds needed to complete the work before resuming, or it would not receive preferential conditions until Nou Mestalla was ready. However, he said would support the Nou Mestalla project if the club met these requirements.

…waiting for the World Cup

According to El Desmarquetime is not running out for Valencia candidacy to host the World Cup. Although the official list of cities and venues where the 2030 FIFA World Cup will be held has long been expected, the organizers seem to be holding off on the decision, waiting for the development of the situation in Spain’s third largest city.

Meanwhile, lack of support for the club’s buyout initiative and the departure of the movement’s leader Juan Martín Queralt led to the club’s dissolution De Torino a Mestalla, an anti-Lime fan platform. In the past, he tried to raise funds to buy the club from a Singaporean businessman and took legal action against the club.

The story of Nou Mestalla is a story of unrealistic dreams crushed by reality and years of advertising hype. Nevertheless, there has recently been some quiet hope in the local media for an end to this soap opera, and the steps taken by the club indicate a real desire to resume work. Importantly, actions finally go beyond mere declarations.