Agreement between VASF, Stadion Feijenoord, and Feyenoord on terms of unification

After jointly working out the details of the agreement, the VASF board will advise its members to agree to an amended proposal for unification, which will be presented to Stadion's shareholders and certificate holders at an extraordinary shareholders' meeting in February.

The agreements reached after a series of constructive discussions can be summarized as follows:
• the Club will acquire 80,635 new Stadion shares for an amount of nearly €3.7 million;
• the Club commits to Stadion to make €3 to €5 million available annually for necessary investments over the next 10 years, in addition to the payment of the regular rent;
• the V-Shareholders can continue to use their free seating rights and additional rights for another 15 years;
• the V-Shareholders can then exchange their shares for a freely tradable Seat License that entitles them to purchase a season ticket for 30 years (i.e. until 2071) under the conditions applicable at that time;
• as an alternative, the Club is prepared to buy back a number of V-shares each year at a price that decreases over time.

‘Very good news’
Dennis te Kloese, general manager of Feyenoord, speaks of ‘very good news’ now that the parties have reached agreement. ‘With this agreement, we are finally taking the very important step towards the long-desired unification between the club and the stadium. This is crucial for the future of the stadium and for the further development of the club. The agreements also do justice to the special position of the shareholders as the original financiers of the stadium. This is therefore very good news for everyone at Feyenoord.’

‘Getting started with maintenance quickly’
Lilian de Leeuw, director of Stadion Feijenoord: ‘It’s great that there is an agreement in principle on the unification. This is a historic step that fulfills a long-cherished wish of Feyenoord, the stadium, and the supporters. I am pleased that the shareholders have expressed their support. We can now get started on the necessary maintenance work on De Kuip in the short term.’

‘A fair package’
VASF chairman Conré Oostrom is also satisfied: ‘The V shareholders also understand the desire, if not the necessity, for unification. We have always been willing to contribute ideas on this, but of course the rights and interests of the V shareholders had to be taken into account sufficiently. After a series of discussions with the BVO, in which we as VASF were able to achieve significant improvements for our members, we will soon have a fair package that we can present to the V shareholders with a positive voting recommendation.’

The outline agreement will be further elaborated in the coming weeks. The new proposal for unification will then be submitted to the shareholders and certificate holders of Stadion for approval. As indicated, this will take place at a Stadion Feijenoord shareholders' meeting to be scheduled in February 2026.

The planned shareholders' meeting on Thursday evening (December 4) will go ahead as planned, but the item on the agenda concerning the merger will be removed.