precise Madrid hope €525m Bernabeu renovation gives them ‘gold standard stadium in world’

true Madrid’s prevalent meeting voted in favour of putting the membership €525 million into debt with the intention to fund the remodelling of the Santiago Bernabeu.

The 92 percent of voters who supported the works — 1,017 have been in favour, 57 had been towards and 23 abstained — did so on Sunday based on president Florentino Perez’s promise that the new stadium would generate €150m a yr in additional revenue.

here is a glance at what the bulk voted for on Sunday:

The renovation

The stadium could be wrapped in,a layer of metal bands and varying strains that should be lit up and may also assignment photos,” Perez spoke of. it will also encompass a roof that covers the pitch, which capacity the masking of seats from the points in Madrid.

There will be two new shops in the surrounding areas of the stadium, with €300m of the cash going towards work across the Bernabeu together with,digital elements of sale of the most prestigious electronics and client manufacturers that will flip ordinary areas into a exhibit for world news.”

The economics

Madrid’s €525m debt may be paid off at a set pastime fee over 35 years, in accordance with Perez. The president of the membership stressed that given the economic local weather and with hobby quotes at an all-time low, it was,a chance that should not be neglected,” he said. With the club in a in shape position financially, together with an 11 percent average boost in earnings in view that 2000, they might take on the debt.

4da1a46ec20cf93ee5c846a51e04f0ed,Our current circumstance, of incredible economic defense, makes the membership ready to handle considered one of its finest challenges: to show the Santiago Bernabeu stadium into the premier stadium on the planet,” Perez instructed the assembly.

Madrid projected the renovations would cost €400m when first proposed in 2009, but Perez spoke of the enhance is because of acquiring the necessary enables from the Madrid city Council as neatly as the expanding the digital scope of the venture.


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  • The expertiseabout €100m will be utilised to support the Bernabeu recall advantage of advances in digital expertise, which.”should be one of the vital basic facets of the undertaking,” Perez talked about. To brighten up the stadium experience, a 360-degree video scoreboard could be developed, as well as a dedicated area inner the stadium for e-sports.

    4da1a46ec20cf93ee5c846a51e04f0ed.”There could be a astonishing enlargement of the current museum within the area of Castellana with a great deal more flooring area, and a new interactive museum will be created with the latest digital truth technologies in the area of Padre Damian,” Perez spoke of.

    Madrid are also looking to lengthen the stadium tour, with a panoramic view around the perimeter of the roof blanketed.

    The timeline

    Madrid are hoping to be given permission to begin renovations early in 2019 and should start building quickly after, Perez said. He estimated it will seize three and a half years and doesn’t accept as true with the works will affect the sporting calendar.

    The board of administrators chose a joint bid from GMP Architekten, L35 and Ribas & Ribas to carry out the renovations. Perez stated his own company, ACS group, should not concerned to ensure compliance with the club’s code of ethics.


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