Are we back at the Camp Nou for Valencia? Or are we playing at the Estadi Cryuff?
Promising stuff.
Tbf it didn’t come into reality until 2008 which is the earliest I heard Barcelona thought of renovating the Camp Nou, which coincidentally coincided with Laporta’s final 2 seasons at the club. So basically he couldn’t do anything since his term would expire.It was never getting done while likes of Messi was in his pomp is the reality.
There is a reason both Barca and Real waited for Ronaldo and Messi to go before starting almost as soon as they could on stadium upgrades.
Making points as if Laporta started the stadium after decades of others chosing not to fails to take into account he is the President that sat on it the longest in that time.
Tbf it didn’t come into reality until 2008 which is the earliest I heard Barcelona thought of renovating the Camp Nou, which coincidentally coincided with Laporta’s final 2 seasons at the club. So basically he couldn’t do anything since his term would expire.
National Securities Market Commission published the total amount of the €237 million agreement between Valencia CF and the financial institution Goldman Sachs to finance the stadium renovations.
The CNMV announced that Valencia CF will have to repay the loan from the first payment in 2028 to the final payment in 2052, a total of 24 years, with each subsequent payment requiring more money. It begins with a payment of 2.6 million euros plus interest, almost tenfold, with 20.03 million euros plus interest in the final year.
The annual interest rate of 5.82% will mean the club will ultimately pay 267 million in interest . In total, it will end up paying 504 million to complete the stadium .
We dodged a bullet if we had started earlier2008 was when the economic crisis hit. Nou Mestalla, again, is one of those unfortunate projects that got caught mid-crisis and was abandoned. Despite the CVC deal Valencia accepted, construction work hasn't resumed.
Camp Nou renovation could have happened earlier, but I don't remember Rosell throwing the idea around. Bartomeu teased the idea a few times.