Spanish football club Valencia CF (‘Valencia’) announced on June 26, 2025, that it has successfully secured financing of €322 million (S$480.18 million, conversion rate €1 = S$1.49) for its new stadium, which is set to be one of the largest in Europe.
Scheduled to open in 2027, the Nou Mestella boasts a capacity of 70,044 seats and will be the fourth-biggest stadium in Spain after Barcelona’s Nou Camp (105,000 after redevelopment), Real Madrid’s Santiago Bernabeu (81,044) and Atletico Madrid’s Metropolitano (70,692). The current Mestalla stadium has a capacity of 49,419.
Valencia’s president, Kiat Lim, the son of Singapore tycoon Peter Lim, who was appointed in March, said in a media statement that the funds will give the football club the green light to deliver Nou Mestalla, which could spur the club’s growth for generations.
He also hailed this as “the clearest expression” of their long-term commitment to Valencia, and “a reflection of the trust and confidence the club now commands in global financial markets.”
In a press release, Valencia stated that the outstanding financing for the Nou Mestalla consists of a €237 million note issuance with a 28-year maturity, as well as a €85 million loan with a five-year term.
Proceeds from the sale of the land beneath the current stadium, following the completion of the new one, will be used to repay the loan.
Becoming a world-class multifunctional venue
Valencia has been playing at the Mestalla since 1923, which was initially built for 17,000 supporters before evolving to its current capacity of 49,430 seats.
In November 2006, Valencia unveiled plans for a new stadium located approximately five kilometres from the Mestalla, with construction scheduled to begin in August 2007. However, construction stalled in February 2009 because of the club’s financial struggles.
The Mestalla is the oldest stadium still in use by a La Liga club and has fewer than 500 hospitality seats available for sale, whereas the new Nou Mestalla will feature 6,500 such seats.
At the Nou Mestalla, the club also plans to host a diverse range of events, including leisure and entertainment activities, business meetings, conferences, and exhibitions.
Valencia is also actively pursuing new revenue streams through naming rights, founding partners, premium hospitality enhancements, and immersive digital fan experiences. According to Kiat, the new stadium is expected to grow their current revenue by more than three times.
“Nou Mestalla won’t just open on match days—it will be alive 365 days a year,” he added.
Designed to match the standards of the world’s top multifunctional venues, the new stadium is expected to become the central hub for sport, leisure, and entertainment in the city and across the wider Valencia region.
In 2014, Peter’s Meriton Holdings acquired Valencia, effectively rescuing the club from financial collapse following years of mismanagement.
Valencia credits the 72-year-old with contributing over €200 million, the most by any single individual in La Liga’s history. This has helped the club remain financially stable and continue investing in major projects, such as the Nou Mestalla, which resumed construction in January 2025.
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Featured Image Credit: Valencia CF
