Nou Mestalla latest – Valencia secure funding for their new stadium

Nearly two decades after construction began, Valencia have confirmed that they now have funding to move ahead and finally finish the construction of the Nou Mestalla.

With €322m secured, the club now claims to have all the funds required to go on and build what would be the third or fourth largest stadium in LaLiga, with the final capacity expected to be similar to that of Atletico Madrid’s Estadio Metropolitano.

Reflecting on the news, the club’s president Kiat Lim said: “This marks a historic milestone for Valencia CF. Securing this landmark financing gives us the green light to deliver Nou Mestalla, a world-class stadium that will power the club’s growth for generations.” 

“It is the clearest expression of our long-term commitment to Valencia, and a reflection of the trust and confidence the club now commands in global financial markets. With this agreement, we are building more than a stadium, we are building the future of Valencia CF.”

Nou Mestalla timeline

• November 2006 – Plans are unveiled by then-president Juan Soler for a new stadium to replace the iconic Mestalla, with an 80,000 capacity targeted.
• August 2007 – Construction work begins on the Nou Mestalla project.
• May 2008 – Tragedy strikes as four workers are killed after scaffolding collapses at the site of the new Valencia stadium.
• February 2009 – Construction is halted with the club struggling financially and concerns about their ability to sell the land on the existing Mestalla site during Spain’s financial crisis.
• November 2013 – With work still halted after the collapse of a new funding deal, plans to scale down the project to a 61,500-capacity stadium are announced.
• October 2014 – Peter Lim purchases Valencia, with his Meriton Holdings group buying a 70.4% stake in the club.
• December 2021 – After years of inactivity, another redesign is presented by then-president Anil Murthy with another reduction in the planned capacity.
• July 2024 – Valencia city council gives the green light to restart building work in 2025.
• January 2025 – Work begins again at the Nou Mestalla site, with the construction group FCC awarded the contract.
• June 2025 – Valencia secure funding for the full project and confirm their plans for the new stadium.

This is a project that many Valencia fans thought would never be completed, not surprising given the huge delays that have taken place since the initial construction work started 18 years ago.

Indeed, many even hoped it would not see the light of day, with the current Mestalla an incredible football ground that can accommodate close to 50,000 people, and one that has served as the club’s home for more than a century.

The Nou Mestalla location is 4 km from the current stadium in a northern district of Valencia. It’s around a 20-minute walk from Turia station which lies in the riverbed park which curves around the city centre.

When will the Nou Mestalla be completed?

The stadium is now scheduled to open in 2027, meaning Valencia will most likely play two more seasons at their current home, before making the move.

It was initially hoped that the Nou Mestalla would host games at the 2030 World Cup, but it did not make the final list. Should the new Valencia stadium open as planned in two years, that would in theory make it a strong contender to host games at the tournament, given it would be much larger than many of Spain’s other proposed venues. However, it remains to be seen whether FIFA would be willing to alter their plans for the event.

Inevitably given the problems this project has suffered in the past, not to mention the unpopularity and distrust in the club’s owner which runs very deep in Valencia, there will still be scepticism about whether this stadium will finally be built. However, we do now have a timeframe for that, and it’s looking more and more likely that Los Che will finally move from their historic home to the Nou Mestalla this decade.

Nou Mestalla capacity

The latest Nou Mestalla plans fall somewhere between the previous designs, with a final capacity of 70,000 expected. According to the club, nearly 10% of those seats will be hospitality offerings, with the plan being for it to drive far greater revenues than is possible at their current home.

The project is one of many major stadium builds or rebuilds going on in Spain right now, with renovation work continuing at Camp Nou, while Real Betis will spend the next two seasons at La Cartuja while the Benito Villamarin is renovated.