The Board of Directors of Real Madrid, held today, Friday April 12, 2019, having obtained previous authorization from the Delegate Members at their Ordinary Assembly held on September 23 2018, has approved the completion of the financing for the remodeling of Santiago Bernabéu Stadium for a total amount of 575 million euros in a 30 year period and with a fixed interest rate of 2.5%.
The financing has been structured through a loan with three tranches –July 2019, July 2020 and July 2021–, according to the payment schedule foreseen for the completion of the works. Furthermore, a three year deferral period for the principal of the loan has been agreed, which will result in Real Madrid paying an annual debt service of 29.5 million euros, starting on July 30 2023, and until maturity on July 30 2049.
It should be remarked that Real Madrid has closed this transaction without any type of mortgage guarantee nor any kind of financial covenants on the management or indebtedness of the Club. The Club will be thus running its regular activities without being affected by the payments of the works.
The new income generated by the renovation will not only finance the costs of the works but will also significantly increase the Club’s recurring revenues, thus allowing Real Madrid to maintain its sports and economic leadership for the decades to come.
This financing will be the stepping-stone towards achieving an authentic architectural innovation for our stadium, located in the heart of the city, improving the urban environment. The new, avant-garde Santiago Bernabéu Stadium will become a universal icon, a reference for 21st century stadiums around the globe. It will be more modern, more comfortable, safer and designed for entertainment with innovating shops and the latest technological developments. It will certainly be the digital stadium of the future.
The Museum will be significantly bigger and a new Interactive Museum will be created with cutting-edge virtual reality technology. The Tour of the Bernabéu experience will be improved with a new perimetric panoramic tour around the whole stadium, with additional leisure and dining spots. It will undoubtedly become a major tourist attraction for all those who visit Madrid.
As of the date of closing, the financing structure has obtained a private rating, Investment Grade, from two world-renowned rating agencies, Fitch Ratings and DBRS.
Key Capital Partners acted as the financial advisor and coordinator of the financing project for Real Madrid. The financing has been structured by J.P Morgan and Bank of America Merrill Lynch with the collaboration of Banco Santander and Société Générale. CaixaBank will be the agent in the transaction.
fawazanass
2
nice pic
suobcikry
0
wonderful
Vipacdknot
2
when are they starting to build the new stadium.
nakcinosy
0
Neymar's transfer fee can remould that field😂😂😂😂😂😂
Really dumb tell him they don't seem to understand loan repayment and date line of complications..Goat
nakcinosy
1
Lol.People here asking Madrid to buy quality players rather than spending on stadium. Dimwits don't even know that both are two completely different things and financed separately. We can invest in the stadium as well as buy top players if the board approves.
They are two different budgets say...renovating the stadium is from a loan to be paid in 30 years and not directly from the club's coffers which for sure repayment will be from proceeds generated from the stadium from 2023
rizdipsz
2
very Good!
nTesla
1
it will bee barca training ground
This joke has become boring already, find a new one kid
Veknpuz
1
30years are given to pay loan... not for stadium
Pranoykpanda
0
You do realize they are not separate. They have one budget and they split it into different parts. Say it was 50/50 in splitting. Now that they are spending on the stadium it’s more of 70/30.
Lol. No. There are different bugdets. Ask anyone who really knows financial aspects of football clubs.
Nutackpu
0
buy player first
Hala_Madrid090
1
Lol all this time Perez was saving up money by not getting any huge players in the market to remodel our stadium which was already looking good
zezcklnrt
1
Building up a team and upgrading the stadium are both the same for the interest of the club and fans. 500 millions plus isn't bad for a club like Real Madrid to spend when they can only spend that on acquiring on less than 5 averaged players. The club can afford that and it should be no problem.
Dodcampns
1
Lol.People here asking Madrid to buy quality players rather than spending on stadium. Dimwits don't even know that both are two completely different things and financed separately. We can invest in the stadium as well as buy top players if the board approves.
You do realize they are not separate. They have one budget and they split it into different parts. Say it was 50/50 in splitting. Now that they are spending on the stadium it’s more of 70/30.
Dodcampns
1
30 years. 30 years.... I assumed it would finish within 5 years time but 30 years? Looks like Real Madrid won’t have a 30 year future.
Pranoykpanda
2
Lol.People here asking Madrid to buy quality players rather than spending on stadium. Dimwits don't even know that both are two completely different things and financed separately. We can invest in the stadium as well as buy top players if the board approves.
Zaaadmoy
1
it will bee barca training ground
U team is wack
RezaulIslam115
1
Really it will be Awesome
VarunhotwaniSpeedCR7
1
No matter how many times Real Madrid remodel Santiago Bernabeau it will always remain FC Barcelona's training ground! 😆
[image]
Real Madrid do have their traning ground. Bernabeu for matches, Atletico Madrid stadium for training. #HalaMadrid.
Didbcelmpr
3
Amazing
SeriesA
3
After 30 years who knows Perez may be in his graveyard and his remains will only be the bones and the hair. But he still wants the club to grow universally after his death.He is a true Madridista.
miraj228
7
it will bee barca training ground
nowcklmsy
0
Improving the Barça Training Ground 😂😂
Well barca's training ground have seen more glories than camp nou 👀🔥
FirminoooFan
0
You spelt Barca training ground wrong.
😂😂😂😂😂😂..u have made my day.
ZaynAhmed
6
Perez plz focused on buying world class player not in stadium and referees. 😂
madridsta_5199
0
Improving the Barça Training Ground 😂😂
The joke is too old. Face it without Messi barca would be an average team.
blankie
0
No one cares about Barcelona on Real Madrid post's
Nah! People do care..
PrinceParis
0
No one cares!
No one cares about Barcelona on Real Madrid post's
tinadikmst
0
good stadium for real madrid
it makes no sense cause they don't have a team
blankie
0
[image]
No one cares!
tinadikmst
1
Improving the Barça Training Ground 😂😂
it's actually a funny joke
AN-WAR
6
30-year Bernabeu remodeling World class Stadium. Many history took place here. 30 years a long time So time to change its Model. Good plan Real Madrid Good plan Real Madrid
PrinceParis
1
I don't get what you mean..??
blankie
0
11-1 that's training 😉
I don't get what you mean..??
PrinceParis
0
No matter how many times Real Madrid remodel Santiago Bernabeau it will always remain FC Barcelona's training ground! 😆
[image]
11-1 that's training 😉
Tupbcinrs
0
lame joke
Jealous much? 😆
Ameerul24
1
Improving the Barça Training Ground 😂😂
lame joke
lapackp
6
Improving the Barça Training Ground 😂😂
__kat02
2
Build a stadium or Build a team. Real Madrid fans what exactly do we want? As for me, I choose Build a team? I want to watch good football next season
dude both of them can happen at the same time .... rebuild of the team as well as stadium ....we are taking a loan for building stadium ...our annual budget everyyear will be the same
EricTCarte
2
Build a stadium or Build a team. Real Madrid fans what exactly do we want? As for me, I choose Build a team? I want to watch good football next season
Pauvon10
0
This is what I call a king's turf 🤩😍
[image]
You spelt Barca training ground wrong.
Luabdprsyz
2
Neymar's transfer fee can remould that field😂😂😂😂😂😂
Hiteshdullu
0
beautiful but 30 years??? perez is 72 years old now, so Im not sure if he is still alive when its done. only God knows
🙂🙂🙂 Dumb They are talking about loan returns Not the completion
ciudelp
3
beautiful but 30 years??? perez is 72 years old now, so Im not sure if he is still alive when its done. only God knows
rehdltz
2
good stadium for real madrid
Spartacus_Aye419
0
This renovation won't interfere with player signings. So rest assured perez is gonna break the bank.
is Perez a thief ?
Zere8
0
It looks like a big smartphone wireless charging pad, from top
Edoo87
2
30 years .
Vuhbdlnuz
0
If this Remoulding won't win us the League, I suggest we spend the money on Better Players
This renovation won't interfere with player signings. So rest assured perez is gonna break the bank.
blankie
11
No matter how many times Real Madrid remodel Santiago Bernabeau it will always remain FC Barcelona's training ground! 😆
Iyantez
12
Woow why take this long to re model barca's training grounds