Valencia CF receives licence to build new Mestalla with conditions and penalties for failure to comply with capital gains requirements.

He Valencia City Council grants construction licence to Valencia CF new Mestalla so that they can start work as soon as possible.

In addition, the city council in this work license establishes a number of conditions and penalties in case of non-compliance both during the start of the work and in the event that they were paralyzed during its execution.

Very demanding conditions

Licence conditions and fines for Valencia in case of failure to meet the deadlines for the construction of the new stadium and has technical reports confirming its legal viability.

The works must commence within a maximum of six months and be completed within a maximum of 30 months.For 42, which the club has requested and does not allow these deadlines to be missed, it must also provide a mandatory schedule for the execution of the work.

The club must provide within a maximum period of three months Project implementation approved by the professional association for a football stadium for 70,000 spectators, Occupational Health and Safety Research visa, a written agreement in which you agree not to use a building until it is completed urbanization work and others research, this is waste management construction and demolition

If the deadlines are not met, a guarantee must be provided.

If the club does not start work within six months or interrupts it after it has started, Valencia Football Club must provide a financial guarantee, subject to compulsory execution by the Administration and mandatory in the amount of 100% of the total cost of construction. This must be done within a non-extendable period of 15 days from the date on which the City Council so requests.

If you do not provide it, the city council will initiate proceedings to declare the expiration and subsequent revocation of the license and the cancellation of the Strategic Territorial Action Plan. “Valencia Football Club”, which will determine the complete liquidation of the increase in urban capital that this planning instrument attributed to the land belonging to Valencia Football Club, SAD, and the subsequent restoration of the validity of the previous planning. In addition, the agreements of 2005 and 2007 will be terminated.

With these measures we aim to protect the interests of the city and punish for non-compliance.