Real Madrid members approve new €370m loan as stadium costs top €1bn

November 14 – Real that of Madrid shareholders green light THE advice has increase A further €370 million ready has complete THE renovation of THE of the club Bernabéu stadium.

Including THE new ready, Real that of Madrid stadium costs to have NOW bloated has more that €1 billion Since A initial budget of €575 millions.

THE move has pass THE ready was pretty a lot unanimous with 1,569 delegates vote In service, 35 against And 38 abstentions. Addressing members, Real Madrid president Florentin Perez do A not For THE Bernabéu has be THE place For THE final of THE 2030 World Cup has be co-organized with Portugal And Morocco.

"About THE World Cup final 2030. GOOD, certainly, RIGHT? There won't be another better stadium. RIGHT? THE Bernabéu East not only going has change Real Madrid, but all of Madrid. All THE reforms to have has been do SO that people to use THE stadium each day And We don't do it to have has survive on THE 26 days that soccer East plays there. GOOD, listen, I think We won't to have competition (has host THE final)," he said.

Defend THE costs of THE renovations, Perez said "THE Bernabéu East A of THE most difficult works has execute In Europe And will be A of THE the biggest sightseeing centers In THE capital. We must be aware of THE efforts that to have has been do, surpassing “Covid, THE consequences of inflation due has THE war In Ukraine Or THE increase In THE cost of oil. THE construction industry has suffered, manufacturing THE challenge even more complex. He affected THE time limit And costs of THE work. »

A key functionality of THE stadium will be THE grass not that can be deleted has allow THE place has be used For other events.

On THE details of THE ready, Perez said: "We to have decided has finance he In THE long term, SO as not has suffer impacts In THE short term. So, asking A third ready, A maximum of €370 million And A maximum period of 30 years… THE transformation of THE stadium East THE departure indicate For THE the future. »

THE news that Real Madrid were look has increase A further €370 million Since banks broken has THE even time THE club announcement THE Saudi Investment Bank (SAIB) as It is new official bank In Saudi Arabia, However not as A ready partner.

THE club East look has secure THE ready against Ticketing income with A percentage of ticket money repay THE debt And THE interest. All East not financial loss And darkness For Real Madrid. THE club could receive up has €500 million Since A underground car car park scheme on THE following 40 years.

However that, with SO a lot other surrounding Real Madrid, East Currently detained up In THE courts.

Contact THE writer of This history has moc.l1699924043labto1699924043ofdlr1699924043owedi1699924043sni@n1699924043osloh1699924043cin.l1699924043uap1699924043