VALENCIA have released a video as work finally restarted on their Nou Mestalla stadium after a 16-YEAR hiatus.
The club were initially supposed to move into the ground all the way back in 2009.
But work was halted due to crippling debts of more than £350million.
New president Kiat Lim has again given the go-ahead for work to resume on the 70,044 capacity stadium.
He visited the construction site for the stadium on Tuesday afternoon.
The aim is for the new ground to open in 2027 and become the future home of Valencia – and host games at the 2030 World Cup.
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And it is hoped the stadium will help massively increase revenue for the club in the future.
Lim was joined by general director Javer Solis and outgoing president Lay Hoon Chan during the tour.
The club released a video of the group being shown around the building site that would become the new ground.
But it shows that there is still much work to be done.
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The shell of the stadium had been left to rot since 2009, with the structure now needing to be secured.
There are still no sign of any seats of even a pitch.
The stadium that was expected to be the “best in the world” will have a new design to the existing Mestalla Stadium.
Putgoing Chan boldly proclaimed: “We’re not just building a stadium, we’re building a monument.”
The Singaporean, 60, also added that the stadium will act as a “beacon of hope” for the city.
The 2001 Champions League finalists are working with the same contractor as they agreed a deal with in 2007.
They hope for the new stadium to be ready in time for the 2027-28 season.
Around 3,000 VIP seats will be included, and the stadium will be able to host top events by meeting Uefa‘s highest criteria.
Valencia is said to be taking out a new £270m loan from Goldman Sachs in order to help finance the project.
They plan to begin paying back their loan in 2027, across a period of 20-25 years.
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Valencia has so far missed out on being one of 11 host cities for the 2030 World Cup.
But tournament chiefs could slip them in at the last minute, should Nou Mestalla be built according to plan this time.
Source: Soccer - thesun.co.uk
