De Club22 May 2026 10:15

VASF, the stadium and the club have reached an agreement: vote on unification set for June 11

Feyenoord, Stadion Feijenoord, and the Association of Shareholders of Stadion Feijenoord (VASF) have reached an agreement on the terms for the unification of the stadium and the club. On June 11, 2026, an Extraordinary General Meeting of Shareholders (EGM) of Stadion Feijenoord N.V. will take place, during which shareholders will be asked to approve the unification. Following this approval and the fulfillment of the necessary formal requirements, essential maintenance and improvements to De Kuip can begin immediately.

Investment of Tens of Millions of Euros
As has been stated many times before, the merger of the club and the stadium through this share transaction is crucial for renovating and improving Stadion Feijenoord. Feyenoord needs a stadium that, both in the short and long term, meets the requirements of supporters, staff and players, the KNVB, UEFA, and government authorities. This requires investments of tens of millions of euros. Stadion Feijenoord does not have these funds available, making external financing necessary. Recent years have shown that Feyenoord is the only party willing and able to make these required investments.

What are the shareholders voting on?
During the Extraordinary General Meeting of Shareholders (EGM) of Stadion Feijenoord on June 11, only the proposal for unification will be on the agenda. The main elements of the proposal to shareholders are:

The club will acquire a stake of more than 95% in Stadion Feijenoord through the issuance of new Class S shares. In addition, the club will invest a total of €41.5 million in the stadium over a ten-year period, on top of the regular rent payments.
The seating rights of V shareholders and O certificate holders will continue for a period of 15 years. During this time, V shares and O certificates may be sold to the club, with Feyenoord being obliged to purchase the offered shares, with a minimum of 125 and a maximum of 250 V shares and O certificates per year, at a predetermined price.
After the end of the 15-year period, every V shareholder may exchange their V shares for a seating license on a one license per one V share basis. This license allows the holder to purchase a season ticket annually under standard conditions and prevailing rates. The season ticket will generally apply to the seat previously held by the V shareholder, though another available seat may also be chosen. The seating license arrangement will remain valid for 30 years, until mid-2071. The same arrangement applies to O certificate holders.

Carefulness Over Speed
Lilian de Leeuw, stadium director, said:

"I am truly very pleased with this agreement with the VASF. It took longer than planned, but careful consideration was more important than speed. We can now move quickly with maintenance and improvements. Fantastic."

Immediate Investments
Feyenoord’s management is also very pleased that the unification finally appears to be moving forward. Pieter Smorenburg, Financial Director, stated:

"For the club and the supporters, it is extremely important that we can now make the necessary adjustments. Especially over the next five years, we will be investing heavily, with many millions already in the first year."

Shareholders’ Interests Safeguarded
Conré Oostrom, chairman of the Association of Shareholders of Stadion Feijenoord (VASF), said:

"I express the hope that our members will approve this agreement during the members' meeting. Their interests are well protected in the proposed agreements: the seating rights and the much-needed investments in the stadium."

Finally, Feyenoord’s soon-to-depart CEO Dennis te Kloese described it as:

"A truly fantastic step in the right direction. This further increases the prospects of an even brighter future for Feyenoord. I want to express my gratitude and admiration for all the energy and time invested by so many people in reaching this point together."

VASF, the stadium and the club have reached an agreement: vote on unification set for June 11

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