Cagliari and the new stadium: “It will cost 130 million. Construction will start in 2023”

Steps forward for Cagliari Calcio towards the construction of the new rossoblù home. The president of the Sardinians Tommaso Giulini, in a press conference together with the Cagliari mayor Paolo Truzzu and the president of the general contractor of the Costim holding company Francesco Percassi, explained the investments and tried to anticipate the times and costs of the work. Waiting for the presentation of the final project which will take place by May for the Rossoblù patron.

Costs and investments

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“We signed yesterday an investment agreement with Costim, – explains the president of Cagliari – for a vehicle that we will call the new stadium for simplicity. Through this we will receive both the bank debt and the public contribution for the construction of the work. There will be a concession 50 years and then the stadium will return to the Municipality, but in 50 years the structure will have to return the investment. There will be a fee of 2 million euros to be able to play in the stadium, there will be the sponsorship of Unipol which will certainly have its part in the name. And there will be an economic return thanks to the manager of the stadium hotel. It is a total work that has an investment of 125-130 million. The Municipality will provide a minimum of 40 million euros in financing, in symbiosis also with a part of the intervention that will come from the Region of Sardinia, and will cover a series of additional expenses such as the direction of the works and other contracts. of the public. More than 50 million will be guaranteed by Costim and Cagliari Calcio with a line of debt, we as our own means together with Costim will finally put between 25 and 30 million euros “.

Estimated times

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In theory, Cagliari should have presented the definitive project by the end of February but the increase in the costs of raw materials led to an extension of the necessary timing: “I hoped to be able to present the definitive project and the economic and financial plan by the end of February, unfortunately the sudden increase in the costs of raw materials have led us to completely revise the estimates and therefore it will take another couple of months. In the meantime, the objectives are to save themselves in Serie A and then present the project in May. This means that if everything okay in 2023 the demolitions of the old stadium will begin. Our time schedule is to inaugurate the new Sant’Elia in the 2025-2026 season “. A passage also on the present for Giulini between the field and the rumors of a possible sale of the club: “I don’t want to fly fancy, when I arrived I said that I would like to compete for Europe and for many years they made me pay for this declaration . Now let’s focus on these two months for safety. Will I leave the club? My answer is neither yes nor no, we’ll see. Everyone is the architect of their own destiny. I don’t close the doors to anyone. Look what happened in Bergamo at the “Atalanta with new investors. We have never been approached either as a club or as a property by anyone in recent years. Nor have we ever looked for anyone on the market. Everything we have read is pure gossip.”