EdmondDantes
New member
Real VARdrid at full force tonight.
Real Madrid sourced €575m loan from the US for Bernabeu redevelopment, reportedly on a 30-year term with 2.5% interest rate
http://www.sportspromedia.com/news/real-madrid-bernabeu-redevelopment-loan
Real Madrid Treble Winner 2019.
Kind of old news. Only new thing about it is where the money comes from. Club had permission to seek out the long-term loan since the socio meeting in September.
At least it's going to go ahead now and not be a "sometime in the future" deal. If news is confirmed, all is left is selecting the companies that will do the redevelopment job. Works are supposed to last 3.5 years so best we get onto it before Perez hits 80...
Good for you guys, looks like you are getting a head start ahead of us.
Meanwhile we still don't know when or IF we will get a stadium naming right deal at all and even if we did, where we are going to cough up the other 300m from. I don't think we can even finish the New Camp Nou by 2023 by the looks of things right now.
I really like the idea of new Bernabeu having lots of retail stores, that rent and % of store revenue along will be generating a lot of money. Perhaps this is what Perez meant by generating 150m MORE every year. We should do the same.
Will you take offense if I say that you are one of the most pessimistic users around here, Luft?
RM does not have any head start. In fact we are closer to securing an all-time high price for the naming rights of Camp Nou. Both Sport and MD had an article about that not long ago. Likewise our stadium project is more advanced and faces less obstacles from the city council. A bigger project too and more multi-dimensional given that it involves the Palau as well.
Espai will have the same rental stores last time I checked unless they have changed this idea which I highly doubt.
Nah, everyone here knows that I am pessimistic. But I'd like to think that I am not as pessimistic as those who automatically predicted that Real Madrid would win the CL as soon as they won a CL elimination ground game.
I think I read that article you referred to too, but it was at least a couple of months ago if not older and nothing has come to fruition since. And if my memory serves me correctly it was supposed to bring in 200m for us in the next 20 years, right? That leaves us 300m more that we need to come up with from our own coffers as I believe the total cost estimated for the Espai Project is around 500m, right? I just don't know where that 300m is going to come from. Perhaps we too will have to get a loan.
Nice to know that our new stadium will also have retail stores. I wasn't sure.