FC Porto and Porto City Council to sign agreement | OneFootball

The Porto City Council and FC Porto will sign an agreement this Friday regarding the transfer of the surface rights of the land associated with the deactivated Ramalho Ortigão School in Porto, aiming to build a new multi-sports pavilion.

The signing will take place at the Town Hall at 4 PM, with the presence of Rui Moreira, president of Porto City Council, and André Villas-Boas, president of FC Porto.

According to a note issued by the Porto City Council, “in addition to the land concession for a period of 70 years, this agreement includes a Sports Development Program Contract that provides for a financial contribution amounting to 525 thousand euros.”

“During the first four years, the club will pay the Porto municipality a symbolic monthly amount of 50 euros, which will increase to 10,900 euros in the subsequent years,” the note states.

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