The Allianz Riviera stadium undergoing safeguard proceedings due to the impact of the health crisis



The Nice Allianz Riviera stadium – SYSPEO / SIPA

A consequence of the Covid-19 pandemic. The company managing the Grand Stade de Nice, the Allianz Riviera, inaugurated in 2013, has been placed in safeguard proceedings, due to the economic blight caused by the health crisis.

Triggered at the Nice Commercial Court on May 6, “the safeguard procedure results from the impact of the health situation on the activity of the stadium”, indicated Nice Eco Stadium, a subsidiary of the Vinci group, confirming information from Nice morning. Closed since the first confinement, the stadium had a turnover of 21 million euros in 2019, the reference year.

Built on the basis of a public private partnership

The Allianz Riviera is a 36,178-seat multifunction stadium with a commercial capacity of 35,624 seats for football. The resident club is OGC Nice. Apart from sporting events, the stadium can host other events such as concerts or shows. The town hall of Nice did not comment. The Grand Stade de Nice was built on the basis of a public private partnership (PPP) and was one of the venues for Euro-2016 football.

In 2015, the Regional Chamber of Accounts (CRC) of Provence-Alpes-Côte d’Azur issued a severe report on the legal conditions for using this partnership and the partner selection procedure. But in 2020, the National Financial Prosecutor’s Office concluded that there was “no offense” and closed its investigation without follow-up.



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