Estadio Santiago Bernabéu

NEW 'CONTROVERSY' IN MADRID

The millionaire loan that Real Madrid would request to complete the Bernabéu

Published:27/10/2023 - 09:54h

Updated:27/10/2023 - 09:54h

According to recent information from 'Bloomberg', Real Madrid will ask for an 'extra' 370 million euros to complete the remodeling of its stadium, the Santiago Bernabéu. The measure must be approved by the General Assembly

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Santiago Bernabéu will need of a new economic injection to finalise his remodeling. According to a recent information of 'Bloomberg', the Real Madrid pretends to ask permission to his partners (in the Assembly of 11 November) to ask a new loan that would brush the 370 million euros. The price of the house of the group madridista will go in increase and leaves very backwards the first 575 'kilos' that had presupuestado in a principle.

The Madrid bets by the private debt

Of agreement to the information, the intention of the entity chaired by Florentino Perez is to raise funds through a broadcast of private debt that would give back through the income that Santiago Bernabéu generate by the sale of entrances. The structure of payment would be in waterfall for 'rescue' the tendency of the big clubs of Europe to the private debt, with which exists more privacy that in the case of the sales of public debts.

The Real Madrid is not the only that has bet by the private debt, put already before the FC Barcelona and Chelsea had opted by this alternative. For the White House is an attractive "option" in front of the increase of the costs of the remodeling of the stadium. It is worth it to remember that the club it presupuestó 575 million euros and had a second injection of 225. The operation goes by a total of 893 'kilos', slopes of this last request.

Florentino Pérez will have to explain the reasons

In any case, the new debt of €370m will subject to evaluation and approval by part of the partners of the club in the Ordinary General Assembly and Extraordinary of Partners Representatives that will take place this 11 November of face-to-face and telematic way in the pavilion of basketball of the Ciudad Real Madrid. The club mentions this item on the agenda that have spread in his social platforms: "Proposal of agreement for the enlargement of the permission to the Managerial Board of the club for endeudarse to end to fund works in the remodeling of the stadium Santiago Bernabéu". Florentino Pérez will have to explain it quite well.

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