UD Las Palmas targets €60m-backed Estadio Gran Canaria overhaul with co-management plan

UD Las Palmas have progressed plans for a large-scale renovation and expansion of Estadio Gran Canaria after agreeing a co-financing framework with the Cabildo de Gran Canaria that would see the club invest €60m in the project.The proposal would increase the stadium’s capacity from 32,418 to 44,020 and reposition the venue’s long-term economics by moving towards a co-management model, while the stadium remains publicly owned.Cabildo president Antonio Morales said: “Today we celebrate dialogue, agreement, and team spirit. Today the council wins, Unión Deportiva Las Palmas wins, but above all, Gran Canaria wins.”The agreement is strategically linked to Spain’s 2030 World Cup planning, with the parties treating the redevelopment as both a tournament-readiness upgrade and a broader reset of the venue’s matchday and non-matchday commercial potential.Las Palmas said the framework materially improves the likelihood of the club taking a stronger operational role in the wider Siete Palmas sports complex after the World Cup, which would reshape revenue control across areas such as premium, catering, retail and event utilisation.The current operating arrangement runs until June 2027, and the parties still need to finalise the legal and commercial terms that would replace it, including governance, responsibilities and long-term rights.The redevelopment concept includes bringing the north and south stands closer to the pitch, improving sightlines and atmosphere, and upgrading internal concourses, entrances and surrounding public realm to improve circulation and safety.The project is expected to be delivered in phases to manage disruption, with major works planned to start at the end of 2026 following tender procedures.While financial terms beyond the €60m contribution were not disclosed, the scale of the rebuild and the capacity uplift signal a push to expand premium inventory and broaden the stadium’s year-round event profile, with a World Cup-driven timetable accelerating decision-making.