Meriton faces the Board with an eye toward May 15

Next Friday, at 11:00 am, the first Telematic Shareholders' Meeting in the history of Valencia CF SAD will be held. The official reasons are sanitary, but the situation will somehow soften the criticisms of the club's management by Maeriton, the entity's largest shareholder with 84% of the capital stock.

However, one of the points on which you will have to explain Meriton, either in their previous speeches or in the question and answer session, it will bel more than possible breach of the deadlines regarding the ATE of the Mestalla stadium. In fact, the club, in its annual accounts, already assumes that this non-compliance will occur with the consequent cancellation of the ATE since vallora the fixed assets that constitute the stadium with 15.3 million less than last year.

The deadline for compliance with the ATE ends on May 15, 2021, in just over five months. Valencia had to meet a series of milestones before that date so that on the land of Mestalla a commercial area could be built that obviously increased the value of these plots. With the little time left for the deadline pIt is evident that it will not meet these conditions (the main one that the Nou Mestalla was finished, which has been standing since 2009)Therefore, the land on which the current Mestalla is built will lose value on May 15, something that the owners of the entity already take into account.

However, some things could still happen at this time. Meriton has already requested the City Council to extend this deadline but in the Consistory they are not very much in line with Valencia and both the mayor, Joan Ribó, and the vice mayor, Sandra Gómez, have already declared in recent dates that meeting the deadlines is unavoidable and that, andIn principle, they do not intend to extend the ATE deadline.