Valencia CF Secures Major Financing for Nou Mestalla Stadium
Valencia CF announced on Thursday that it has finalized an impressive financing deal amounting to €322 million (approximately $377 million) to advance the construction of their Nou Mestalla stadium. This substantial arrangement is primarily comprised of €237 million in notes and an additional €85 million from a short-term loan, marking it as one of the largest financial undertakings by a professional football entity within both Spain and Europe.
Club President’s Vision
Kiat Lim, the club president and son of Singapore billionaire Peter Lim, expressed excitement about the funding, stating that it paves the way for the realization of Nou Mestalla—a venue envisioned as a state-of-the-art facility that will contribute to the club’s development for many years to come.
Projected Completion and Revenue Impact
Projected to be completed by 2027, the Nou Mestalla will boast over 70,000 seats and is anticipated to significantly enhance the club’s revenue streams, as per the club’s estimates. Lim highlighted that with expanded hospitality options and a larger seating capacity, the new stadium is expected to generate more than three times the current revenues from the historic Mestalla stadium.
Support from Financial Experts
The club’s financing efforts were bolstered by the expertise of Bibium Capital, Beka Titulizacion, Addleshaw Goddard, and Goldman Sachs, with assistance from LaLiga—the governing body of professional football in Spain.
Looking Ahead
As Valencia CF embarks on this ambitious infrastructural project, hopes are high that the Nou Mestalla will become a pivotal asset in the club’s future prosperity.
