Locality supports Go Ahead Eagles with million euro loan
The City of Deventer has granted a loan of 8 million euros to Go Ahead Eagles to carry out the renovation of the Adelaarshorst stadium, expected to be completed by summer 2027.
Local supports Go Ahead Eagles with million euro loan
According to Vi.
Context
Go Ahead Eagles, a football club with a long history, is working to upgrade its infrastructure to better serve its fans and the community. The stadium renovation is not only a step forward in modernizing facilities but also an important part of the club's sustainable development strategy.
Why this is important
The 8 million euro loan from the city of Deventer not only helps Go Ahead Eagles renovate the Adelaarshorst stadium but also shows strong support from the local government for the club. This renovation will enhance the fan experience and strengthen the team's standing in the community, while creating opportunities for larger events in the future.
Main point
- Local supports Go Ahead Eagles with million euro loan.
- The City of Deventer has granted a loan of 8 million euros to Go Ahead Eagles to carry out the renovation of Adelaarshorst stadium, expected to be completed by summer 2027.
- Gemeente helpt Go Ahead met miljoenenlening voor verbouwing Adelaarshorst.
Go Ahead Eagles has officially completed funding for the Adelaarshorst Stadium renovation project. The city of Deventer contributed a loan worth 8 million euros, helping the team implement its infrastructure upgrade plan. For a long time, Go Ahead Eagles have intended to renovate the stadium, with plans having been announced in advance. In 2015, the club upgraded the two main stands, the main stand and the Leo Halle stand. This time, the B-Side stand and IJssel stand will be renovated, bringing the stadium's capacity to about 13,000 seats.
Financing plans for the project have been in place for some time, but have now been officially approved as the city of Deventer has confirmed what was previously only a tentative loan. The total cost of renovating Adelaarshorst stadium is up to 20 million euros. Go Ahead Eagles will contribute 7 million euros themselves, while the city of Deventer will lend 8 million euros. Additionally, the club will also borrow an additional 5 million euros from shareholder Kowet BV, founded by Kees Vierhouten, who has since passed away.
The City of Deventer sees Go Ahead Eagles as an important connecting element in the local community. Wethouder Matthijs Nijboer emphasized that: "The club brings unity between different social classes and creates pride for the city. Furthermore, Go Ahead is actively involved in social projects related to health, education and diversity. Therefore, we are ready to support them with this loan to prepare Adelaarshorst for the future."
The renovations were originally scheduled to take place last summer, but were postponed. Currently, renovations are expected to begin in summer 2027.
What happens next
With the loan approved, Go Ahead Eagles will proceed with the next steps in the renovation of the Adelaarshorst stadium, which is expected to be completed by summer 2027. The club will also need to finalize the remaining financial plans to ensure the total cost of 20 million euros for the project is met.
Frequently Asked Questions
Who was the loan to Go Ahead Eagles endorsed by?
A loan worth 8 million euros to Go Ahead Eagles has been confirmed by the city of Deventer.
Why does Go Ahead Eagles need to renovate Adelaarshorst stadium?
Go Ahead Eagles need to renovate Adelaarshorst stadium to upgrade infrastructure and increase the stadium's capacity to about 13,000 seats.
When was the plan to renovate Adelaarshorst stadium announced?
The plan to renovate the Adelaarshorst stadium was announced long ago by Go Ahead Eagles, with upgrades to the main stand and Leo Halle stand in 2015.
When will the renovation of Adelaarshorst stadium start?
Renovation works at Adelaarshorst are expected to begin in summer 2027.
What is the total cost of renovating Adelaarshorst Stadium?
The total cost of renovating Adelaarshorst stadium is up to 20 million euros.
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