València C.F. wanted a new stadium that would give the club a place among the world's greatest. The cost of €344 million would be financed by the residential developments to be built on the site of the current stadium. However, the crash of the property market obliterated the operation, and the construction was stopped in 2009. In order to finish the stadium, €100 more million are needed, but the club has not the money for it. The club is currently being investigated by the European Union over alledged irregular public funding.