ADU Submits a Bid Exceeding €100M for Valencia CF’s Mestalla Plots

10 April 2019 – El Desmarque

The Cooperativa ADU has submitted a bid to Valencia CF amounting to more than €100 million for the Mestalla plots. Valencia CF was hoping for more, but this represents the best offer it has received so far and so the football club is considering it very carefully.

According to sources, ADU is the best-positioned candidate, but the club still needs to analyse the offer, including its financing terms and collection guarantees, in detail, before Peter Lim gives his approval.

ADU Mediterráneo, owned jointly by the brothers Casares and José Luis Santa Isabel, has been given permission by the club to launch an offer to determine the degree of interest from cooperative members in buying the homes that it plans to build on the site. That will be key in determining the success of the bid.

Original story: El Desmarque (by David Torres)

Translation/Summary: Carmel Drake

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