Valencia CF secures $377 million financing for Nou Mestalla stadium


FILE PHOTO: View of the partially built soccer stadium Nou Mestalla, started in 2007 to replace the current stadium, the Mestalla, in Valencia, Spain, November 17, 2024. REUTERS/Vincent West/File Photo

SINGAPORE (Reuters) -Valencia CF has secured financing totaling 322 million euros ($377 million) for the development of the Nou Mestalla stadium, the Spanish football club said on Thursday.

The financing, comprising 237 million euros of notes and 85 million euros 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.

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