Cagliari, updates on new stadium

Cagliari, updates on new stadium

Through an official note, Cagliari has updated fans on the stadium issue: “Cagliari Calcio has delivered to the City of Cagliari the updated Economic – Financial Plan of the project for the new stadium in Cagliari, drawn up on the basis of the provisions of the current regulations on the matter and in response to the note received on October 20, 2022 from the City of Cagliari.”

“The project promoted by the Club and the industrial partner COSTIM Group envisages an investment of 157.4 million euros (excluding VAT), of which about 21 million are inherent to the sums available to the contracting station and security charges.”

“The financial resources to support the investment for the realization of the project will be structured as follows: about 100 million (vat line excluded), between bank debt and equity, to be borne by the party that won the public tender for the assignment of the project; 60 million of public contributions assumed for the economic-financial balance of the project, 10 of which (already deliberated by the Municipality of Cagliari) as reimbursement for the demolition of the current Sant’Elia Stadium.”

“The update was carried out with Monitor Deloitte, financial advisor on the economic aspects of the plan, and with the support of Chiomenti, a law firm that handled every legal aspect of the initiative,” the note concludes.ï “¿