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2024-12-10 13:59:00
Vinci ousted. The state has entered into exclusive negotiations with the events group GL Events to manage the Stade de France from the summer of 2025 and for the next thirty years, sources close to the negotiations said on Tuesday 10 December. ‘AFP. The State,owner of the complex located in Saint-Denis,started a procedure in March 2023 to reassign the current concession held by the Vinci-Bouygues consortium since 1995. there were only two in the running, the outgoing real estate consortium and GL Events.
The new concession contract must be signed in April 2025. After months of discussions, the state thus chose to exclude the historic consortium, including the management of the facility, built in record time for the 1998 World Cup, which had been granted between 2025 and 2025 two rounds of the 1995 presidential elections. The works promise da Vinci and Bouygues, for an amount of 400 million euros, for renew equipment, according to a source. knowledge of the file, were not sufficient a priori to convince the State.
“The rugby federation doesn’t want to hear about Vinci-Bouygues”
Specifications require that the stadium can also host the French football and rugby teams, who play around nine matches there a year “major international sporting events”. “The Rugby Federation doesn’t want to hear about Vinci-Bouygues and wants it to be GL Events”, this source said several days ago.
GL Events, which was supported in the planning of the offer by Paris Entertainment Company (majority owned by the city of Paris), envisages lower investments than those envisaged by the losing candidate. “In the GL Events project there is the desire to give vitality to the territory by involving numerous entrepreneurial realities” said a source familiar with the negotiations.
Since 1995 the fence has reportedly cost around 700 million euros in public funds, the newspaper reports the Echoes, the new contract will have to be signed in April and the new dealer shoudl collect the keys at the end of August 2025.
how will the transition from Vinci-Bouygues to GL Events affect future sporting events at Stade de France?
Interview between Time.news Editor and Industry Expert on Stade de France Management Transition
Host: Good afternoon, and welcome to Time.news. Today, we delve into a notable shift in the management of the Stade de France, as the State enters exclusive negotiations with GL Events for the venue’s management starting summer 2025, marking a departure from the Vinci-Bouygues consortium that has operated it since 1995. Joining us to discuss the implications of this transition is sports management expert Dr. Claire Martin. thank you for being here, Dr. Martin!
Q: What does the selection of GL Events meen for the Stade de France and its future operations?
Dr. Claire Martin: Thank you for having me! The selection of GL Events represents a strategic pivot by the state. They are looking to inject new energy and ideas into the management of the Stade de France, particularly as it hosts major international sporting events, including home games for the French national football and rugby teams. GL Events plans to prioritize local engagement and economic vitality, which could lead to a more dynamic experience for fans and a strengthened relationship with the community.
Q: The article mentions that the rugby federation preferred GL Events over Vinci-bouygues. What might be the reasons behind this preference?
Dr. Claire Martin: The Rugby Federation’s reluctance towards the Vinci-Bouygues consortium likely stems from various factors, including concerns about responsiveness to modern needs and a desire for innovative management. GL Events has made it clear that they are committed to revitalizing the venue and ensuring it aligns with the evolving demands of top-tier sports. It is crucial for the federation that their vision aligns with the management’s capabilities, especially as they prepare for major events.
Q: There are mentions of lower investment plans from GL events compared to Vinci-Bouygues. How could this impact the quality of the venue?
Dr. Claire martin: While it might raise eyebrows that GL Events is proposing lower investments, what’s essential is how those funds are allocated. GL Events focuses on collaborating with local businesses and entrepreneurial initiatives, which could maximize the impact of their investment. It’s not just about the amounts; it’s about strategic allocation that enhances the stadium’s facilities and services effectively.
Q: Can you elaborate on what this potential change means for the local economy and businesses around Stade de France?
Dr. Claire Martin: Certainly! A shift to GL Events could catalyze more significant local economic activity. Their approach is geared towards involving local entrepreneurs, which can create jobs and boost local business revenues. Moreover, hosting more events could drive foot traffic to surrounding areas, positively affecting restaurants, retailers, and other services. This is a win-win situation for both the venue and the regional economy.
Q: What are the anticipated timelines for these changes,especially regarding the new contract and operational handover?
Dr. Claire Martin: The new contract is expected to be signed in April 2025, with GL Events officially taking over management by the end of August 2025. This timeline allows for a smooth transition and the necessary preparations to implement their proposed changes. It is crucial for both the State and GL Events to ensure that there is no disruption in operations, especially with significant events lined up.
Q: Lastly, what advice would you give to readers interested in the future of large event venues like Stade de France?
Dr. Claire Martin: For those interested in the industry or attending events, I advise staying informed about management transitions and community engagement initiatives. Large venues like Stade de France significantly impact local culture and sports landscapes. Understanding who operates these venues and their vision can provide insights into the kind of experiences you can expect in the future. Engaging with these developments can also encourage local support for initiatives that enhance the community’s vibrancy.
Host: Thank you, Dr. Martin, for your valuable insights into the future of the Stade de France and the implications of its management transition. It’s clear that the coming years will be crucial not only for the venue but also for the entire community surrounding it.