Real Madrid assembly approve €255m more for stadium renovation | Malay Mail

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MADRID, Nov 20 ― Spanish football club Real Madrid’s general assembly approved on Saturday a new €225 million (RM1.2 billion) loan to complete the renovation of its Santiago Bernabeu stadium. As reported by Reuters on Thursday, Real Madrid will increase the size of its structured finance deal...

MADRID, Nov 20 ― Spanish football club Real Madrid’s general assembly approved on Saturday a new €225 million loan to complete the renovation of its Santiago Bernabeu stadium.

The deal will now be worth €800 million and will enable the club to add a state-of-the-art retractable hybrid pitch that can be moved underground to a 24-metre deep greenhouse so the main venue can be used for more purposes, generating additional revenue without spoiling the grass. “Santiago Bernabeu stadium will be an architectural icon and an international avant-garde symbol that will become one of the most attractive places in Madrid and Europe,” he said.

 

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