BBVA League's top teams, Valencia has announced the establishment of an agreement with Bankia above to fund the construction of their new stadium.
The Spanish banking conglomerate will provide medium-term loan that will enable the club to start re-construction of new headquarters with a capacity of 75,000 seats.
"This agreement represents a historic milestone," said Valencia President Manuel Llorente like-launched the official club website.
"This is a day that will go down in history and that would be great news for the hundreds of thousands Valencianistas, which will soon see their team play in one of the best stadiums in Europe. new home to Valencia will benefit the club in every aspect," he asserted .
Valencia had been hoping to move to the Nou Mestalla last year. But construction was halted in February 2009 because of financial problems the club. However, now the project is expected to be completed in two years. Development is estimated to spend about 250-300 million euros.