Valencia Secures Million-Dollar Funding for New Stadium
The Valencia Club de Fútbol has finalized a financing agreement amounting to 322 million euros ($377 million) for the construction of the Nou Mestalla stadium, as announced by the Spanish club on Thursday. This financial operation, composed of 237 million euros in bonds and a short-term loan of 85 million euros, is positioned as one of the most significant carried out by a professional football club in both Spain and Europe.Kiat Lim is the son of Singaporean billionaire Peter Lim, who is the majority shareholder of the club. The stadium, located in the city of Valencia, will have a capacity for more than 70,000 spectators and is expected to be inaugurated in 2027. The new venue is expected to multiply the current income generated at the old Mestalla stadium.“Securing this significant financing gives us the green light to build the Nou Mestalla, a world-class stadium that will drive the club’s growth for generations,” said Kiat Lim, president of Valencia.
Kiat Lim, President of Valencia
In the statement, Valencia reported that it had the advice of Bibium Capital, Addleshaw Goddard, Beka Titulizacion and Goldman Sachs, in addition to the support of LaLiga in the process.“Considering the expansion of hospitality, a greater capacity and the possibility of hosting multipurpose events, the first estimates suggest that we will more than triple the current revenue,” declared Kiat Lim.
Kiat Lim, President of Valencia
