Real Madrid’s new Santiago Bernabeu moves closer with US$650m funding

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Real Madrid’s plans to give its iconic Santiago Bernabeu stadium a dramatic overhaul are moving closer after it was reported the Spanish soccer side has secured a loan for the redevelopment.

Funding for the project has reportedly been secured with JP Morgan and Bank of America Merrill Lynch offering the club a loan for a total of €575m (US$650m), paid off over 30 years. The two US banks will also be joined by Spanish banks Santander and CaixaBank.

The funding will be used to install a futuristic retractable roof and wrap the entire venue in a sweeping façade of titanium that features integrated lighting. It will also install a high-tech 360° halo video board, a dedicated e-sports venue, and 800 extra seats at the 81,044-capacity stadium.

Club president Florentino Perez says debt from the project will paid off due to an estimated €150m (US$170m) per year in extra revenue it will be able to generate from the redevelopment.

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James has been Editor of Stadia since 2018 having worked at magazines and websites around the world for the past 10 years covering everything from technology to motoring and more. He also edits Electric & Hybrid Vehicle Technology International.

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