Euroborg Stadium

Euroborg Stadium

Euroborg NV

2005 - ongoing

FC Groningen (Dutch Eredivisie)

Stadium (re)Development

Venue Management

Euroborg is a multifunctional stadium complex, consisting of a 20’000 seater stadium, a public parking (1’000  spaces), a multiplex cinema (10 screens), a vocational school (8’500 sqm.), a casino (2’000 sqm.), a restaurant (1’500 sqm.) and commercial offices (6’000 sqm.), all under one roof.
Euroborg NV is the development vehicle for the entire complex as well as the owner of the stadium part. By using the development receipts from the commercial functions the stadium has been financed.
Euroborg NV has been a joint venture between the City of Groningen and a consortium of commercial developers (BAM Vastgoed, Ballast-Nedam  Ontwikkeling and Volker Wessels Vastgoed) but latter part sold their shares to the City upon completion of the development phase.
Because of the great success of both the stadium as well as the club since it moved to the stadium, the stadium has undergone two extension already. During the first extension in the summer of 2008 the 1st tier has been extended with three additional seat rows (2’400) extra seats. In the summer of 2009 the capacity of the sky boxes of the stadium has been extended by 50% (250 seats) by constructing one extra seating row. The possibility to add another 7’000 seats to the stadium by constructing a 3rd tier is under investigation.

Provision of management services to the stadium owner. The CEO of Euroborg NV is employed by TSC and started in his position 6 months before the opening.
His key tasks during the first months until the opening consisted of:

• Design review and implementing final modifications to the building to make it fit for purpose;
• Project commissioning and hand-over;
• Financial closure of the development phase;
• Due diligence of the financial status of the resident club;
• Drafting and negotiating the contract with the resident club;
• Establishing the operational budget for the company;

Key tasks during the operational phase include:

• Maintaining relations with the resident club and other key stakeholders, such as police, fire brigade, etc.
• Sales of commercial rights;
• Maintenance planning and facility management;
• Managing modifications and extensions to the stadium;
• Financial reporting;

The CEO reports directly to the shareholders and to the Supervisory Board of the company.

Project development, venue management, facility management, business planning, commercial rights, project commissioning, organizational building, legal services, public-private partnership, mixed-development, multi-use