While Venezia FC is fighting to avoid relegation from Serie B, a group of 11 investors has formed in order to examine the viability of new stadium at Tessera.
As revealed by Corriere del Veneto, a company under the name of Ponte della Libertà was established last year. It has 11 shareholders, led by Benetton Group chairman Gianni Mion, who holds 50% of all shares. The list includes bankers and entrepreneurs, all of whom are supposedly decided on delivering the long-lasting dream of a modern stadium in Venice.
It's long been clear that the current Stadio Pierluigi Penzo is far too constrained and remote to ensure a safe and commercially viable operation with greater capacity. Thus the plan revealed back in 2018 to build a stadium and commercial hub in Tessera, beside Venice's airport. In truth it's been said that this could be the site of a new stadium for the last 15 years but so far nothing solid came out of such declarations.
The current company also isn't a direct vehicle for the new stadium to be delivered, especially with its projected budget rising from €185 million to some 200-250 million. By comparison, current pool of shares in Ponte della Libertà is worth only €200,000.
However, the company is expected to evaluate possible ways forward and research potential partnerships that could help finance the immense task.
Meanwhile Venezia FC is struggling in Serie B and potential relegation to the third league would be a serious blow to ambitious plans of elevating the club to national importance.