Ramón Leonarte was the President of Valencia who signed the deed for purchasing the land where Mestalla stands in January 1923. It cost 316.439 pesetas, a considerable amount for the time, which was raised thanks to several loans. The seating capacity of the pitch was to be 17.000 spectators and the project was given to two men bound to the Valencian entity: the architect was Francisco Almenar, future president, and the builder Ramón Ferré, also a member of the club.