Real Madrids Santiago Bernabeu upgrade approved


first_imgReal Madrid have been given the green light to proceed with their plans to renovate the Estadio Santiago Bernabeu by 2022The last time Los Blancos’ home ground was renovated came in 2001, when Florentino Perez spent €125m to upgrade the facilities in his first term as club president.This new restructure will cost Real €525 million and work will begin on the project at the start of next year after the financial plans were approved on Sunday’s board meeting.However, there will be expansions made to the 81,044-seater stadium.“Our plan was approved for the stadium in May 2017 and it is definitive which gives us free rein over the construction,’ Perez reporters on Sunday.“We now have to tender the works and approve the financing proposal.“We hope that work can start at the beginning of next year and it is estimated that it will take three-and-a-half years to complete.“The cost was to be 400 million euros (£360m) but the modification of the project to comply with new obligations from the Madrid Court of Justice ruling has led to an increase to 525 (£472m) million euros.”The former Spanish politician is confident that the restructuring will generate further income for Real.Perez said: “Now is the ideal time for it with low-interest rates, it is an opportunity we have to the advantage of because in addition, our debt has become negative.James Rodriguez, Real MadridZidane hails ‘quality’ James Rodriguez after Real Madrid’s win Andrew Smyth – September 14, 2019 Zinedine Zidane reserved special praise for James Rodriguez after his starring role in Real Madrid’s 3-2 win over Levante.“Our financial strength allows us flexibility and the annual fee of about 25 million euros is less than four per cent of our revenues from last season.“The new stadium will also bring us in 150 million euros per season.“It will be more modern, more secure.”He added: “There are two objectives: improving comfort and accessibility for our fans and secondly, to obtain more income,“All locations will have new sears, new services, two new towers in Castellana will allow for better exiting, better access and the movement of fans will be more fluid.“Technological advances and audiovisual media will be present throughout the stadium as well as a new screen.“There will be 800 new locations for people with different disabilities and two new club stores, one in Castellana and the other in Padre Damian.”🏟 The new Santiago Bernabéu Stadium.#RealMadrid pic.twitter.com/6qUYfsPPEA— Real Madrid C.F. 🇬🇧🇺🇸 (@realmadriden) September 23, 2018last_img

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