LaLiga: Real Madrid unveil plans of revamped Santiago Bernabeu; Florentino Perez calls it 'great digital stadium of the future'

Real Madrid’s planned stadium renovation will provide fresh sources of income for the club, president Florentino Perez said on Tuesday at the unveiling of designs for a revamped Santiago Bernabeu.

Reuters April 03, 2019 09:57:43 IST
LaLiga: Real Madrid unveil plans of revamped Santiago Bernabeu; Florentino Perez calls it 'great digital stadium of the future'

Madrid: Real Madrid’s planned stadium renovation will provide fresh sources of income for the club, president Florentino Perez said on Tuesday at the unveiling of designs for a revamped Santiago Bernabeu.

LaLiga Real Madrid unveil plans of revamped Santiago Bernabeu Florentino Perez calls it great digital stadium of the future

Real Madrid's President Florentino Perez makes a speech in front of an artist's image of the proposed new Santiago Bernabeu stadium . AP

The facelift is expected to be completed by 2023 and will cost an estimated 525 million euros, although it will not lead to an increase in capacity on the current 81,000 spectators.

Last September club members approved Real going into debt of up to 575 million euros for 30 to 35 years to pay for the modernisation plan.

“We want this to be a great digital stadium of the future, and it will be paid for by the income its renovation will provide, and it will make Real Madrid more competitive at a time when the footballing landscape is becoming ever less certain,” Perez said.

A retractable roof will be built, and the stadium will be wrapped in a titanium facade, while a 360-degree scoreboard will also be installed.

Pedestrian areas will be built along with an expanded megastore and museum as well as restaurants and bars, to generate more revenue for the 13-times European champions.

Perez said details of how the project will be financed will be revealed next week, adding that construction will begin at the end of this season.

Real Madrid’s rivals Barcelona are also undertaking a revamp of their stadium which will increase the Nou Camp’s capacity from 99,000 to 105,000 and is set to be finished by the 2023/2024 season.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

LaLiga: Atletico Madrid to appeal Kieran Trippier's 10-week ban in Court of Arbitration for Sport
Sports

LaLiga: Atletico Madrid to appeal Kieran Trippier's 10-week ban in Court of Arbitration for Sport

Atletico will request Trippier's suspension is again put on hold while the appeal is being heard, raising the possibility of the defender again returning to action.

LaLiga: Lionel Messi's future will depend on Barcelona elections and sporting project, says former Real Madrid captain Fernando Hierro
Sports

LaLiga: Lionel Messi's future will depend on Barcelona elections and sporting project, says former Real Madrid captain Fernando Hierro

Former Real Madrid defender and captain Fernando Hierro spoke about Lionel Messi, Sergio Ramos and the on-going LaLiga season where Atletico Madrid are in command.

LaLiga: Lionel Messi to miss two matches after receiving first-ever red card of Barcelona career
Sports

LaLiga: Lionel Messi to miss two matches after receiving first-ever red card of Barcelona career

The Argentine forward was shown a red card at the end of Sunday's 3-2 extra-time defeat to Athletic Bilbao in the Spanish Super Cup final after lashing out at Asier Villalibre.