The construction of the La Liga stadium started more than 15 years ago.
A decision has finally been reached regarding a stadium that has been abandoned. Construction on the stadium started in 2007 but has since been put on hold because of financial difficulties.
Everton’s Hill Dickinson venue will open for business for the first time next season, giving Premier League supporters the opportunity to see a new venue.
In addition to Manchester City’s Etihad Stadium and Liverpool’s Anfield undergoing expansion work, teams like West Ham United and Tottenham Hotspur have recently relocated to brand-new, cutting-edge venues.
One La Liga team, however, has been waiting more than 15 years to learn what will happen to their new stadium.
The Spanish team Valencia revealed intentions to construct a new stadium in November 2006, and construction got underway the following August.
However, according to The Athletic, construction was put on hold in February 2009 after the club’s owners ran out of money for the project.
This came after the construction of a concrete bowl base had already cost over €100 million (£85.3 million).
Valencia continues to call the Mestalla home in 2025, but a choice on the new construction has finally been reached.
The construction of the Nou Mestalla stadium will resume after Valencia announced on Thursday, June 26, that they had obtained €322 million (£274.2 million) in funds arranged through Goldman Sachs.
By 2027, the stadium with 70,000 seats should be completed.
According to a statement from the club, “The Nou Mestalla, the most important non-sporting project in the Club’s history, has been successfully financed by Valencia CF.”
“The Nou Mestalla will be a top-notch stadium when it opens in 2027, propelling Valencia CF’s expansion and enabling new, long-term, sustainable revenue streams that will bolster the Club’s competitiveness for many years to come.
“In addition to being a significant club investment, the Nou Mestalla is a city project that will serve as a representation of the Valencian capital for all of its residents and tourists.
“The new infrastructure, which was planned similarly to elite multipurpose stadiums across the world, will increase the earnings of the existing Camp de Mestalla. For the city and the Valencian community, the Nou Mestalla will serve as the hub for entertainment, recreation, and sports.
“With over 70,000 seats—roughly 10% of which will be hospitality seats—the new Valencian football stadium will have the highest FIFA-awarded category for a football stadium, making every game an upscale experience.
“Moreover, the new stadium will have a greater economic potential for revenue generation than the existing Camp de Mestalla due to its ability to generate extraordinary income from the various leisure and catering options as well as from hosting events.”
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