With construction due to begin next year, funding needs to be secured for France's largest stadium. The national federation FFR approved issuing bonds worth €200 million, covering over one third of the project.
During annual congress of the French Rugby Federation (FFR) delegates voted for the emission of bonds totalling at €200 million and representing a third of the entire project in Ris-Orangis, south of Paris. First phase, to begin in upcoming months, will see bonds for € 16 million released for sale.
Buying the bonds is thought to give clients priority for tickets for as long as 5-20 years, once the 82,000-seater is opened in 2017/18.
FFR wants construction to begin next year. Estimations say that not having their own stadium may have cost FFR €18 million a year with a single fixture at Stade de France representing €5 million of lease expenses. This combined with dependency on schedules of stadium operators was decisive for the initiative of building a stadium for FFR.