💶 Valencia secure €322 million, funds for the new Mestalla wrapped up
The club has secured the necessary funding to continue the construction of its new stadium, which is expected to be one of the largest in Europe.
Valencia CF has announced the acquisition of 322 million euros to finance the construction of the Nou Mestalla, a project aimed at creating one of the largest stadiums in Europe. This step allows the resumption of works that began in 2007 but were halted in 2009 due to financial problems.
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The new agreement includes the issuance of 237 million euros in bonds, with a repayment period of 28 years and an average amortization of 20 years, backed by a BBB credit rating, which indicates solid credit quality. In addition, a credit of 85 million euros has been obtained, to be repaid in five years, which will be covered by the income generated from the sale of the current Mestalla stadium's land.
In the statement, Valencia highlights that "this operation has a solid credit rating of BBB (Investment Grade), granted by a rating agency that has been involved in the financial evaluation of top-level sports venues built in Europe in recent years."
The Nou Mestalla is designed to be a modern stadium with great capacity, which could position it as a benchmark in European football. Furthermore, the project is expected to boost the local economy by generating jobs and attracting visitors. The club has indicated that it will provide regular updates on the progress of the construction.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
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