Soccer-Real Madrid sign 360 million euro Bernabeu deal with Sixth Street

19/5/2022 8:20:00 PM

Soccer-Real Madrid sign 360 million euro Bernabeu deal with Sixth Street

Soccer-Real Madrid sign 360 million euro Bernabeu deal with Sixth Street

(Reuters) - Real Madrid have reached a 360 million euro ($380.95 million) agreement with Sixth Street that will allow the U.S.-based investment firm to host events at the renovated Santiago Bernabeu stadium, the LaLiga club said on Thursday.

Sixth Street, which has more than $60 billion of assets under management, has experience in infrastructure and sports. It has invested a majority stake in Legends.The agreement, which the club said would allow for multiple events to be hosted at the stadium throughout the year, was ratified at a meeting of Real's board of directors on Wednesday.

"As part of the long-term partnership, Real Madrid will receive approximately 360 million euros to be invested across any of the club's activities," Real Madrid said in a statement https://www.realmadrid.com/en/news/2022/05/19/strategic-agreement-between-real-madrid-sixth-street-and-legends.

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