A landmark for professional football in Frankfurt
Eintracht have reached an agreement with the city of Frankfurt regarding their future use of the Commerzbank-Arena.
Eintracht Frankfurt Fußball AG has agreed a landmark deal with the city of Frankfurt which will secure both the long-term future and the development of professional football in Germany’s financial capital. On Thursday, the two parties reached an agreement regarding Eintracht’s future use of the Commerzbank-Arena, as well as the infrastructural development of the Eagles’ home.
The deal comes into effect on 1 July 2020 and runs until 30 June 2035. Both parties have signed a letter of intent which sets out the key terms of the agreement, the finer points of which are set to be ironed out in the coming weeks.
As permanent tenants, the 2018 DFB Cup winners will be granted unrestricted rights to the Commerzbank-Arena and its surrounding training facilities. Eintracht will also be able to award catering contracts and market the stadium’s naming rights.
Increased capacity, improved digital infrastructure
In addition, the city of Frankfurt has agreed to extend the overall capacity of the Commerzbank-Arena to approximately 60,000 for Bundesliga matches by the start of the 2023/24 season. In return, the club has pledged to make major investments in the expansion and renovation of the stadium’s digital infrastructure.
“After extensive talks that weren’t always straightforward, we’re pleased to have found a model for collaboration which could be described as a ‘win-win-win situation’ – not only for ourselves and the city, but also for the fans and stadium partners,” board member Axel Hellmann said of the deal, which has yet to be approved by city authorities.