Area City Quinto SA backs Ambrì's arena project with a CHF 1 million loan

Today, the local "Area City Quinto SA" decided to grant a CHF 1 million loan (convertible into shares) for the financing of the Biancoblù's future multifunctional arena in Ambrì, which is supposed to be finished by 2021.

The whole project will cost about CHF 50 million. CHF 16.5 million will be paid for by the club itself, CHF 12.5 million through public funding, CHF 3 million by PSG 2020, and CHF 21 million will be loaned to them by several banks.