💶 150 million, Valencia set price for Mestalla land | OneFootball

Valencia CF has stepped on the accelerator to sell the land where the current Mestalla stadium is located. The surprise is the target price: the club aims to earn a minimum of 150 million euros from the operation, a figure that could skyrocket given the real estate market situation in the city.

According to Superdeporte, the club has set an asking price for these coveted plots, located right in the center of the Valencian capital. The entity, which already has a couple of appraisals in hand—one of 149 million and another ranging between 150 and 160 million—is preparing to sell them to the highest bidder.

Valencia's ambition to reach this figure is no coincidence. Given the need to build new housing, the Mestalla plots are a safe bet. The figure of 150 million euros is just a starting point, and the final amount is expected to be even higher.

A precedent that falls short

The club already has a reference for the value of its land. In 2019, the entity, then led by Mateo Alemany, had an agreement to sell the plots for 113 million euros. However, that operation was not completed. Now, six years later, and with the price per square meter skyrocketing, that amount seems ridiculous and reinforces the idea that 150 million is the minimum Valencia can ask for its urban 'crown jewel'.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

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