Valencia CF repays Ayuntamiento for 2.1m for new stadium site

will receive authorization to start work in the first half of next year, provided that the club's main shareholder Peter Lim authorizes the start of work without the prior signing of an agreement, as proposed by the municipality.

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However, this is far from clear, especially given that in a letter from the RFEF club made public on Radio Onda Cero Valencia, Layhoon's president states that work can only resume if authorization is granted and 'the ATE plan (new agreement) is approved'.

The Valencia soccer club plans for the new stadium's capacity of 66,000 spectators, expandable to 70,000, which would allow it to host the semi-finals, a very difficult situation considering that if the final is held at the Santiago Bernabeu stadium, it is likely that Morocco and Portugal, organizers of the tournament, will share the''Two semi-finals that could involve the Camp Nou stadium.

When it comes to financing, the club says it has 80 million from the CVC fund, as well as 30-35 million from Atitlan if it sells the plots at Cortes Valencianas, and another 30 million from credit lines offered by Caixabank (15 million) and Rights and Media Funding Limited (15 million), from the sale of its office building and in a last resort from the sale of the site of the old Mestalla stadium.