Baku, April 22, AZERTAC
Feyenoord have shelved plans to build a new €385 million stadium on the Maas River, citing “enormous uncertainties in the financial commodity markets”, according to the Athletic.
The stadium was set to house 63,000 fans.
Instead, they will remain in the historic Stadion Feijenoord, known colloquially as De Kuip. A record 10 European finals have taken place in the stadium.
However, the club have warned that “there will be no major renovation” of De Kuip, with redevelopment also deemed unfeasible.
Feyenoord will remain at De Kuip “for quite some time”.
A club statement noted: “Feyenoord considers it irresponsible to proceed with the construction of a new stadium on the Maas. There will also be no major renovation of the current Feyenoord Stadium. All plans in this regard are unfeasible in the current era, with enormous uncertainties in the financial and commodity markets, among other things.”
Announcing the club’s decision at a press conference on Thursday afternoon, general manager Dennie te Kloese said: “The board has always said that the club would like a new stadium if the club improves financially, it can be built for a fixed price and appropriate financing is in place. But the club cannot take undue risks in this.
“Given the long history, the amount of money, time and energy that countless people from many organizations have already invested in several stadium plans, it is extremely unfortunate to have to conclude that it all cannot be done after all.
“I have great appreciation for everyone who has worked on one or more of the plans with the best intentions in recent years, but what doesn’t work, doesn’t work.
“We cannot foresee what will happen in the coming years. New construction or renovation; we don't know what the distant future will bring, but for now there is clarity: we will remain in the current Kuip for quite some time.”
Feyenoord are enjoying a successful season in Europe, and are in the semi-finals of the Europa Conference League, where they play Marseille. They are third in the Eredivisie, behind PSV Eindhoven and Ajax.
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