Valencia CF has secured financing totaling €322 million ($377 million) for the development of the Nou Mestalla Stadium, the Spanish football club said on Thursday.
The financing, comprising €237 million of notes and €85 million of a short-term loan, is one of the biggest transactions ever completed by a professional football club in Spain and across Europe, Valencia said in a statement.
“Securing this landmark financing gives us the green light to deliver Nou Mestalla – a world-class stadium that will power the club’s growth for generations,” Kiat Lim, Valencia CF President, said in the statement.
Lim is the son of Singaporean billionaire Peter Lim, who is the club’s majority owner.
The stadium, which is located in the city of Valencia and will have over 70,000 seats, is scheduled to open in 2027 and is expected to multiply the revenue currently generated at its old Mestalla facility.
“Given the expanded hospitality, greater capacity, and multi-purpose event hosting, early estimates suggest that we will be more than tripling the current revenue,” Lim added.
Valencia CF was advised by Bibium Capital, Addleshaw Goddard, Beka Titulizacion and Goldman Sachs (GS.N), opens new tab, with Spain’s La Liga providing support to the club in the process, according to the statement.
