The football club has reached a historic agreement with the Cabildo de Gran Canaria to manage the Gran Canaria stadium until 2086, for an investment of 60 million euros.News, Sports, historic agreement, Cabildo of Gran Canaria, economic development, exploitation exclusive, Football, management, investment, renovation, stadiums of Gran Canaria, UD Las Palmas, AFE PACKAGE, newsThe football club has reached a historic agreement with the Cabildo de Gran Canaria to manage the Gran Canaria stadium until 2086, for an investment of 60...
The Unión Deportiva Las Palmas and the Cabildo de Gran Canaria finalized a major agreement this Monday, March 16, 2026, sealing the exclusive management of the Gran Canaria stadium by the football club for the next six decades. This arrangement, described as the “contract of the century” by some observers, represents a decisive step in the history of the club and the sporting infrastructures of the archipelago.
Under the terms of the agreement, UD Las Palmas will pay the Cabildo a total amount of 60 million euros, payable in several installments, to obtain the rights to operate the stadium until the year 2086. This sum could subsequently be revalued to 65 million euros, reflecting the strategic importance of this investment for both parties.
The Gran Canaria stadium, which is to undergo major renovation and expansion work, will thus become an economic development tool for the club. UD Las Palmas plans to integrate various commercial activities, such as restaurants, shops, fitness spaces and VIP areas, in order to maximize the revenue generated by the precinct.
This decision comes in a context where many sports clubs are seeking to diversify their sources of financing. By taking full control of the operation of the stadium, UD Las Palmas ensures long-term financial stability, while strengthening its local roots and identity.
Cabildo officials hailed this agreement as a major step forward for the region, stressing that it will allow better management of public facilities and contribute to the development of professional sport in the Canary Islands. Collaboration between public institutions and private entities thus appears to be a promising model.
For UD Las Palmas supporters, this announcement represents a glimmer of hope for the future of the club. Owning its own stadium, with all the commercial opportunities that this implies, could allow the club to compete with the biggest national and European teams, or even consider participation in prestigious competitions.
Work to modernize the stadium is expected to begin in the coming months, with the aim of creating a multifunctional venue capable of hosting not only football matches, but also various cultural and social events. This versatility is essential to guarantee the profitability of the investment.
The agreement between UD Las Palmas and the Cabildo de Gran Canaria therefore marks a turning point in the history of sport in the Canaries. It illustrates how a long-term vision and close collaboration between the public and private sector can transform sports infrastructures into levers of economic and social development.
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