Less than a year until it opens its doors The new Roig Arena macropavilion in ValenciaPresident of Mercadona, Juan Roig, gave one return to management of the future venueAiming to host major sports events as well as concerts and all kinds of business and cultural events.
Valencian businessman made his decision also take sole responsibility for what the use and operation of the new Arena will beIn addition to putting Valencia on the map of international tours of major artists, Valencia Basket’s new home also the person who presides.
Licampa 1617, the company owned by Roig, the organizer and owner of the venue, became 100% owner of Valencia 5 Estrellas, a company established in 2020 to operate and evaluate the non-sporting events of the future Roig Arena.
Roig’s company for this Bought 50% shares of Arena Alivesignature group dedicated to the organization of music festivals Republic of Music. This is the Valencian group, Organizer of events such as FIB in Benicassim or Arenal Sound in BurrianaFour years ago, he was selected by Mercadona’s president as an expert partner with industry experience.
Evolution of the former partner
Since then, the music company has undergone many ownership changes. Last year the Valencian company Acquired by Superstruct Entertainment, then from American fund Providence Equity PartnersHE this summer got it another macro fund, KKR.
As Licampa, the company that owns the Roig Arena, announced, after this operation they will start restructuring process of operating company Valencia 5 Estrellas In order to analyze the final corporate structure that will remain with the management of Roig Arena in order to optimize the activities of the two companies.
Moreover, they guarantee thatNeither purchase nor restructuring affects the development of the space“, because the team will remain the same and the planning and calendar will continue as planned. Roig Aena is already planning several performances next year, such as Joaquín Sabina’s tour.
Roig Arena project represents an investment of over 200 million 280 million eurosEntirely contributed by Juan Roig. Roig Arena will be operational in the second half of 2025 and will have an estimated maximum capacity of 20,000 spectators in concert mode; The dimensions will be much larger than those available so far in other indoor facilities in Valencia.
