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VALENCIA - Nou Mestalla (66,005)

2M views 3K replies 480 participants last post by  ElvisBC 
#1 · (Edited by Moderator)

Valencia CF

6x League:
1942, 1944, 1947, 1971, 2002,
2004

7x Cup:
1941, 1949, 1954, 1967, 1979,
1999, 2008

1x Supercup:
1999

1x UEFA Europa League:
2004

1x UEFA Cup Winners' Cup:
1980

2x UEFA Super Cup:
1980, 2004




Here you can see the first pics of the new 5* Valencia C.F. Stadium. The new "Mestalla".

Capacity: 75.000 seats
Scheduled inauguration: 2010
Cost: 300 million €
Internal skin: Structure finished in wooden battons
External skin: Glass and titanium

Video:

http://www.youtube.com/watch?v=2fmTpDTLQ40

Pics:















 
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11
#1,908 · (Edited)
^^ It's just one of the many suggestions that's been made recently, but we won't know what the exact cost cutting plans are until they're finalised. According to this a complete lower tier would've 22,000 seats, so not completing the lower tier (another option that's been mentioned) and keeping it as it is would leave 11,000 seats missing, which gives you the reduced 64,000 capacity:



From what I've read, if the roof is made smaller, then all the seats would be covered if the capacity was 64,000. However, if they completed the lower tier in the future by adding those extra 11,000 seats, it's those seats that wouldn't be covered by the smaller roof. Not a major issue in Spain, though.
 
#1,915 ·
^^^^ dont think even if they could get 75,000 they could really compete with Barcelona and Real Madrid short of the spanish fa/la liga/spanish government forcing the money to be shared fairly on league placing etc and stopping those two clubs concluding there own deals than you might see other large clubs really competing regularly in spain
 
#1,916 ·
Investors interested in the stadium also want ownership of Valencia

At least two operations are already on the table of Bankia, while the Foundation insists on not selling the club


The future of the new Mestalla and shopping area begins to link increasingly force the majority shareholder of Valencia, still in possession of the Foundation. Although patronage has always shown his desire to resist the onslaught, Bankia to repay the loan and make the sale the club, sources close to the negotiations indicate that in the end it will be forced to link an issue to another if you want to find investor to complete the work.

The best example of this situation is undergoing KPMG, the firm that has the task of searching for groups that want to invest in the completion of the new field in return for the commercial exploitation of the Tertiary. So far people have come asking for the works have made it clear that the operation only interested if it enters the 'pack' Valencia property.

Although the club is facing serious financial difficulties and there are two relevant loans outstanding (that of 219 Valencia and 81 plus interest of the Foundation), the possibility that in the medium term future to establish a better distribution of rights TV in Spanish football is an added attraction for business. Now revenue lowly clubs relating to two (Real Madrid and Barcelona) vary in a ratio of 1 to 6.5, while the objective of the LFP is to reduce the imbalance to 1/4, 5.

Valencia, with this new division of the pie, get more pinch. Even has created a division KPMG (KPMG Sports, advised by Cuatrecasas) that will specialize in the management of clubs.

Although the ownership of shares is still formally held by the Foundation, and waiting for the Supreme Court ruling on the collateral, up Bankia and two proposals have come to buy the Valencia. In both cases, the talks have not gone to more precisely the position at all times and have remained about the patrons of the Foundation. Not want to sell now or in the future.

"Why do not you sell?" Listen employers in each of the meetings with Bankia. That would be excellent eye bank this formula, despite the wear and tear that could lead to the grassroots level, is beyond doubt, according to sources support the Foundation. But, in the same way, we see that the Consell, despite all the problems that exist, consider that Valencia is a value that should be preserved, preventing it from falling into foreign hands.

Nevertheless, it is clear that Valencia and its Foundation will have more problems than expected to fulfill the roadmap that had been proposed in regard to the stadium, by far his most iconic. And not only on the timing set-which is now quite late, but by what you see on principle.

It is this latter concept generates the most concern. Both Federico Varona as his successor, Aurelio Martinez, always coincided in pointing out that they do not want to sell the Valencia and previously submitted his resignation to accept this solution. Moreover, Martinez and said at the time that he would resign at the time refinancing was signed with Bankia.

The problem is what is coming from various sources close to every conversation. They perceive that the sale of Valencia may be the only way out that the market offers to the economic hole. The one who put the money to finish the stadium will not settle tertiary explode after for at least 15 years, but also included in the 'pack' the domain of a society that does not stop seizures.

The course, in any way at odds with the position of employers. Moreover, in the order made by the KPMG Foundation have given precise instructions that the objective of this firm is not to find buyer for 70% of the shares of Valencia, but find someone who puts on the table approximately one hundred million euros (after the recent cuts in materials and design) runs the field, stopped since February 2009.

Neither are at stake, in the plans of the Foundation, the 1.4 million shares of Valencia in the hands of the entity nor the old Mestalla, because it is considered that the price that would be obtained by the old lot would be lower than it really does. Better, then, to wait until the market rebounds.

Around the property, absolute firmness, precisely because the spirit of this board is to preserve at all times the identity of Valencia as a club belonging to Valencia. In fact, it provides the option to the emergence of a local initiative, but not to buy shares but to exploit the commercial.

Although it has always been said that the ideal scenario is democratization, the Foundation gives priority in the current conditions continue to dominate the Valencia. That does not stop at some point may consider selling a portion of that 70%, but it would be a tweak that did not threaten their power and with a fairly high price of the shares. This will take as reference the 90 million euros pending Bankia return for credit of 81 million plus interest.
http://valenciacf.lasprovincias.es/...res-interesados-estadio-tambien-20131012.html
 
#1,917 ·
Finishing Valencia's new stadium cost 90 million

The architect's proposal reduces the estimated cost 60 million | The club hopes that the Supreme Court rule on the endorsement before the meeting to advance the search for funding


The future of Valencia hangs over the Supreme Court ruling on the validity of the guarantee of the loan IVF Foundation. But the situation, which has to be a headache at the Mestalla club and the holder of the majority shareholder, has been complicated in recent weeks. This has slowed the progress of the search for funding to finish the new stadium: the cornerstone of Project Salvo and Aurelio Martinez, and the most difficult to get. But the entity can not idly wait for the court to rule, and that is why yesterday convened a meeting in the clubhouse, between Valencia and the Foundation to put on the table the latest advances in the roadmap.

In the conclave, attended among others Amadeo Salvo, Aurelio Martinez, Manuel Antonio cloths or Peris, was lectured on the document has already drafted the office of architect Mark Fenwick to 60 million reduction in the cost of completion of the work. After reduction will not affect the enclosure maximum consideration for the purposes of UEFA, the resulting figure is 90 million euros. The Valencia sent yesterday that figure to companies interested in the investment, so that they can decide whether rushing numbers and business.

Knowing the amount of investment is a significant but none of the companies will step forward until we know, definitively, who owns the club. And that will not happen until the Supreme Court ruling no. Until the ruling, Valencia wait a second failure, which would short-term oxygen on the provisional stay of execution of the judgment of Judge Alabau, which annulled the IVF guarantee the loan of the Foundation.

In Mestalla entity it is believed, judicial sources from the council and the Foundation have been pressed, that before the end of the year the Supreme Court could rule on the matter. If you cancel the provisional execution of the judgment, heading back to the starting point, with the Consell as valid guarantor to the loan and the Foundation.

Officials of Valencia and the Foundation said yesterday that the refinancing agreement with Bankia, with the support of the Generalitat de facto once again be valid endorsement, would be very close to signing. That is why we will run the maximum legal term for the convocation of the general meeting: the shared desire of the majority shareholder and the board is able to present to shareholders that agreement. But for that to happen is to get the Supreme Court ruling.

Valencia took advantage of the sports marketing conference '; Leaders in Football', as reported PROVINCES October 7, to advance the search for funding for the new stadium. Amadeo Salvo, Luis Cervera and Louis Douwens again hear from interested companies, including AEG is but which totaled several ways during the conclave London, it is necessary to solve the maze shareholding to make the investment. With the Supreme Court ruling may be the next step. The search for funding has two branches, the operator and investor.

The first will be operating the stadium once completed. Reports since the Mestalla club has put the figure closer to 30 million of revenue for the company per year occur after execution of the work. The second, a bank, a mutual fund or the same operator are those who put 90 million needed. The meeting also presented the conclusions of the congress '; Stadium Business', of Nice, where Valencia met the latest technologies for application in their new stadium.
http://valenciacf.lasprovincias.es/noticias/2013-10-17/valencia-reduce-millones-coste-20131017.html
 
#1,920 ·
They hired KPMG to show what the true financial position of the club was:

As announced on Friday at Valencia CF Foundation, the consulting firm KPMG has finally been chosen to perform the financial review, legal and accounting Valencia CF. This "due diligence" will be completed in approximately one month.

This report is required to the verification of a company's ability to generate cash to acquire or repay certain indebtedness, within the framework of a business plan.

As explained by the Foundation in a statement, "the goal is to have enough information in the shortest time possible to focus both Bankia negotiations with potential investors as to the implementation of the New Mestalla".


The execution period for this report is four or five weeks, "it is very convenient to facing imminent start such negotiations."

The VCF Foundation wanted to thank, "in particular, to other audit firms finally unelected their proposed 'Due Diligence'" and noted that it has been "very pleased" by the high technical level and quality of all proposals submitted and professional equipment at their disposal.

"This ensures that we are choosing between some of the most prestigious audit firms / consultants, both nationally and internationally," concluded the statement.
https://www.google.co.uk/url?sa=t&r..._oHQAQ&usg=AFQjCNFkqZRRrRoN5bO4r8b6hwfdv7sXOQ
 
#1,921 ·
Seems they've been looking towards Qatar for investment in order to complete the new stadium, with the main architect (Mark Fenwick) playing a lead role in selling the project to the Qataris. Fenwick is currently doing lots of work in Qatar, and the president of the club recently went to Qatar in order to talk to potential investors:

According PlazaDeportiva.com assured him the trip has been very helpful and within the club are convinced that soon will announce important news about resumption of the new Mestalla.
http://www.plazadeportiva.com/ver/1...el-inversor-que-acabe-el-nuevo-mestalla-.html

On Wednesday there should be more news/updated images or models showing how the architect has reduced the cost to 93 million in order to finish the stadium.
 
#1,923 ·
^^ In that video I do not see any open spaces which could indicate a reduction in seating capacity? Is that reduction still planned? :dunno:
 
#1,924 ·
Yes it is but there won't be any open spaces, the solution is to separate more the seats from each other, so if in the future they plan to increase the capacity the solution would be the opposite, move closer each of the seats and buy some more :D
 
#1,925 ·
OK. Thanks for your answer. So the seating space will be very roomy in the new stadium. Which basically is a quality feature.
 
#1,927 · (Edited)
Certainly more basic than before, but obviously that's no surprise given how much they've cut the budget in order to try and complete it. Roof seems to be a similar size now to FNB Stadium's roof.

New interior render:



Exterior:



The president of Valencia CF, Amadeo Salvo, declined to give time for the start of construction of the stadium, but Mark Fenwick has assured that once initiated, the stadium will be finished in eighteen months.
http://www.valenciacf.com/ver/33793...ra-uno-de-los-mejores-estadios-del-mundo.html
 
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