Peter Lim uses the CVC wildcard

Generalitat Valenciana, Valencia City Council and Valencia CF SAD They have been playing a game of cards for months on the issue of the expiration of the Mestalla ATE. Now, after the report of August 18 of the Generalitat Lawyers, in which the Plenary of the Consell de Ximo Puig was urged to resolve the ATE in advance (“expiration or replacement of the promoter”, call it club) and when it slipped through the corridors of the Palau that the matter could be dealt with already this Friday, Peter Lim uses the joker of the CVC agreement to buy time and keep the way to extend the ATE open.

Valencia presented allegations to the Ministry of Economy requesting the extension of the ATE until 2030, using in its argument the economic injection of CVC. To contextualize, the ATE was signed in 2015 and would expire in 2025; In addition to urban advantages (40,000 m2 of tertiary on the Mestalla plot), the operation implied meeting milestones and deadlines. For example, by now the new stadium should be built (paralyzed since 2009). Hence, the Lawyers urge the immediate nullity of the ATE for “serious and repeated non-compliance” with the deadlines. And without the ATE umbrella, the Mestalla plot loses value when it is sold.

Valencia, in its allegation, does not detail the amount that it would allocate from CVC nor does it even commit to finishing the stadium. It simply informs the institutions that the League and CVC have reached an agreement in principle for 2,700 million, that in December it expects to know how much it will have, that this would open (conditionally) a favorable scenario for the resumption of the works and that “the Most “of what was entered” would be “destined” (again conditionally) to the stadium. But that CVC wild card serves Lim to buy time. This Friday the Consell no longer plans to discuss the issue, although politicians continue to demand “guarantees” and “guarantees.” They do not trust.

82 million in infrastructure

Valencia, in its letter to the Ministry, did not detail the amount that will correspond to the agreement with CVC. Until November it will not be fixed, but the first draft allocated 118 million for the club che. The League will force 75% (82 million) to be allocated to infrastructures and Valencia says that it would allocate “most” (not all) to the stadium, According to estimates made by the club, there would be around 130 million to finish it. In other words, beyond CVC, the club's business model to finish the new stadium would involve selling the Mestalla plot. But, according to the club's technicians, the operation would be 'simpler' to carry out if potential buyers see that the works of the other stadium are underway and, therefore, the transfer of the team has a date and its capacity to exploit the plot, too.

Saved by principle according to CVC

Valencia has used the CVC wild card to try to get the extension of the ATE of Mestalla, although it has already benefited from that principle of agreement that the League reached. In fact, Valencia, until the signing of that pact, could not register Omar alderete, despite the fact that the Paraguayan arrived at the beginning of summer. Moreover, as a result of the announcement of the economic injection that the signatory clubs will receive (among them, obviously, Valencia), the club was able to launch into the signings of Marcos André, Foulquier, Hugo Duro and Hélder Costa without the need to transfer any of his references (only Rubén Sobrino to Cádiz, in addition to Kang-in Lee's unsuccessful exit operation).