Valladolid ‘Sports City’ plans get go-ahead



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Real Valladolid stadium renovation in three phases Image: realvalladolid.es

The LaLiga club Real Valladolid CF (Spain) has been given the go-ahead to get on with its ‘Sports City’ plans. Two training centers and a mini stadium – Estadio Pucela – form part of the greater scheme of things. The mini stadium will come up in the parking area adjacent to the North Stand of the José Zorrilla Stadium in Valladolid, Spain -home ground of Real Valladolid.

‘El Día de Valladolid’ stated that after a lot of feet-dragging, the City Council finally approved the file for public concession (that is, the use of a public domain asset) of the José Zorrilla Stadium plot, which includes the venue itself, its annexes and the parking lot. The City Council also gave the green light for the three-phase redecoration of the José Zorrilla Stadium and the installation of a new roof on the facility (not fully enclosed). The entire renovation work deadline is 2067. The remodeling work will also include building new stairs and elevators before 2035. A new façade will also come up. The concession period has been set for 50 years and the revamp price tag stands at 48.7 million (VAT excluded). In addition, the concession price tag stands at 224,563 euros per year, for a total of 11.2 million.

Real Valladolid Club de Fútbol, S.A.D., or simply Real Valladolid or Valladolid, is a professional football club based in Valladolid, Castile and León, Spain that competes in LaLiga, the top tier of the Spanish league system.

The 27,618-capacity Estadio José Zorrilla is a municipality-owned football stadium in Valladolid, Spain. It is the 22nd-largest stadium in Spain and the largest in Castile and León.

‘El Día de Valladolid’ further stated that a new upper South tribune will come up for about 4,500 spectators including the boxes and the VIP stands, and the stadium capacity will go up to circa 32,000. The stand construction work deadline has been set for 2048 and the new façade work deadline (before 2061) and the roof (before 2067).

Once the first phase renovation work of the venue is done, the ‘Sports City’ expansion work will be taken up in which the top-flight plans to invest circa 20 million from the CVC fund.

LaLiga said in August 2021 that it had agreed in principle to a “multipronged” deal with the CVC including the 2.7 billion euros infusion in return for 10 percent of its revenue, as well as the creation of a newly-formed company housing a range of commercial activities in which the Corporate Venture Capital (CVC) would also pick up a 10 percent stake.

Luxembourg-based the CVC Capital Partners is a private equity and investment advisory firm with approximately US$111 billion in secured commitments since inception across European and Asian private equity, credit and growth funds.

The project also envisages the construction of the Pucela Stadium and the new fields. The Pucela Stadium will be constructed within 24 months. It will be a 2,000-capacity mini stadium which will also house the club’s new offices.

The City Council will undertake the work of constructing the pedestrian paths and squares or residential areas which can be used by the public. It will also include parking above ground that will be located to the South of the new North fields. The expenditure is estimated at 5.7 million.

Asserted Alberto Bustos, Councilor for Sports, “We have a clear-cut policy on the above development and our dealings are very transparent with 100 percent legal underpinnings and it is not very huge in size and magnitude. The project will lead to the development of the whole area. The time is just perfect for the City Council to act on the project.”
 

Tunnel Work

The existing tunnel does not allow the entry of buses through the gauge which will be diverted below the ground level of the stadium, for which a new connecting ramp will be built. This will cover the Northwest corner thus creating a pedestrian plaza which will serve as a meeting point for the fans.
 

Plot Factor

The above development will spread over an area of 127,691.25 square meters and valued at 12,295,000 for the land for a total amount of 25,232,000 euros.
 

Mixed-use

An agreement has been inked which will facilitate Real Valladolid CF to make the ‘Sports City’ project a mixed-use one – health and leisure activities as well as holding major musical acts, private celebrations, meetings, and corporate events.

The City Council has kept the option open of organizing concerts at the José Zorrilla Stadium, where in past years Spanish musician Alejandro Sanz, American singer-songwriter Bruce Springsteen and legends like Michael Jackson has performed.

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