Spanish LaLiga football club Getafe has agreed terms on a 40-year extension to its lease deal with the city council for the Estadio Coliseum Alfonso Pérez.
According to Spanish news agency EFE, the stadium will continue to be owned and operated by Getafe City Council and be exclusively used by the club through to 2060, with the option of a further 10-year extension.
Under the deal, Getafe will pay an annual fee of €150,000 (£135,000/$176,000) which the city council will use to promote sport in the region. In addition, the club will be liable for an annual fee of €215,956.62 for stadium infrastructure work. However, for the deal to become active, Getafe must first pay stadium supply bills for the three years spanning 2018 to 2020.
EFE said the final agreement of the deal will mark the end of a dispute between the city and the club, with Getafe president Ángel Torres having requested the sale of the venue.
Estadio Coliseum Alfonso Pérez opened in 1998 and has a current capacity of over 17,000.