An agreement was reached with a bank to allow work on the Nuevo Mestalla to be restarted.
Valencia president, Manuel Llorente, said: “This agreement is an historic milestone. It is a day that will go down in history and that will be welcome news for the hundreds of thousands of Valencianistas who will soon see their team playing home games in one of the best stadiums in Europe. The new home for Valencia will give the club a step up in every respect.
“I wish to say a special thanks to Bankia once again, for all their efforts and hard work in collaborating towards a great future for the club and for Valencianismo. This has been a joint effort that has taken many months and that has become reality thanks to will, effort and collaboration between our two entities.”