Valencia unveil revised stadium plans
Valencia have revealed updated, and downgraded, plans to finish their new stadium which has laid half-completed since work stopped when the money ran out in 2009.
By that stage the La Liga club had invested 98 million euros in the 'Nuevo Mestalla' ground, which was originally to be a stunning modern stadium seating over 70,000 and costing 260 million euros to complete.
With Valencia over 400 million euros in debt, and the site value of its current Mestalla home having plummeted due to Spain's property crash, such plans are no longer viable.
A scaled down 60,000 seater stadium, which would cost around 200 million euros in total to build, was presented in the city on Wednesday by British architect Mark Fenwick.
Fenwick told reporters at the event that some adjustments had been made but the final stadium would still be impressive.
"In 2006, the model was spectacular, on the front of all the papers," he said. "The economic situation is not the same as a few years ago, but this is an opportunity for the stadium to be born again, while maintaining the spirit it had.
"We have optimised the costs, with a viable project, adjusted to the times we are living in. Each seat will cost 3,000 euros -- much lower than, for example, the 8,000 euros cost at the Allianz Arena or the 12,000 euros cost at the new Wembley. This is why I consider this to be a viable project, which will create one of the most spectacular grounds on the planet."
The news may lift a negative mood around Valencia, who are currently ninth in the Primera Division standings, having won just one of their last six league games and with doubts around the future of coach Miroslav Djukic.
Los Che president Amadeo Salvo, speaking later on Wednesday as Djukic and his players got new Seat cars as part of a sponsorship deal, said he hoped everyone at the club would pull together through these difficult times.
"I do not want to miss the chance to send a message of unity and hope to valencianismo," Salvo said. "When the most difficult moments come is when you close ranks, families unite and you work together to get out of it. The board wants to send this message to our players, our coaches, physios and everyone who works at the club."