Projeto do novo Estádio Santiago Bernabeu, do Real Madrid, após reformaReal Madrid CF
Tom Hindle

Real Madrid board seeking approval for mammoth new loan to cover Bernabeu redevelopment as costs soar to €1.4 billion

Real MadridLaLigaC. Ancelotti

Los Blancos will ask club members for a third loan of €370 million (£322m, $391m) to cover the remaining costs of their renovated stadium.

  • Club asking for third loan
  • Have been playing in a half-finished stadium
  • Official unveiling set for December

WHAT HAPPENED? Madrid will ask its members to pay a third loan to complete the ambitious renovation of the Santiago Bernabeu, according to The Athletic. Members have twice approved low-interest loans to complete the project, with the costs now expected to total €1.4 billion (£1.2bn/$1.5bn). They are expected to approve the request, according to the report.

THE BIGGER PICTURE: The new version of the famous ground was set to open by the end of 2022, but financial issues brought about by the Covid-19 pandemic and Russia's invasion of Ukraine forced Los Blancos to reconsider a date. They have been playing in a reduced-capacity version of the ground for nearly two years.

IN THREE PHOTOS:

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Carlo Ancelotti Florentino PerezGettySANTIAGO BERNABEUGetty Images BellinghamGetty Images

WHAT NEXT? Madrid will host Rayo Vallecano this weekend and hope to play in a full-capacity version of their stadium by December.

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