Real Madrid grants a loan of EUR 225 million for an underground greenhouse

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Real Madrid have taken out an additional loan of 225 million euros for a new phase of renovation work at the Santiago Bernabeu, where an underground greenhouse will be installed.

Los Blancos initially confirmed plans for the € 525 million renovation four years ago, with the works that will increase the capacity by 4,000 to approximately 85,000 and include the installation of a retractable roof and a slope.

Construction began in 2020 during the hiatus initiated in the first few months of the coronavirus pandemicwith Madrid subsequently playing their home games at Estadio Alfredo Di Stéfano – the club’s training base – when the 2020/21 season resumed.

Madrid finally returned to the Santiago Bernabéu in September this year Much of the renovation remains to be completed, however, and the club has now confirmed that an additional phase has been added.

The underground greenhouse ensures that your play area remains pristine even if it is retracted.

Real Madrid secured the “best” loan in the sports industry

A club statement with details of the loan and its use states: “Real Madrid signed the extension of funding originally not at the Santiago Bernabeu. included works Stadium renovation project through a new loan totaling 225 million euros, with a term of 27 years and a fixed interest rate of 1.53 percent.

“These conditions are the best that have ever been achieved for long-term financing in the sports industry. The loan also includes a grace period for the repayment of the principal, so Real Madrid will not start repaying the loan until July 30, 2024.

The funds will be used to build a large underground greenhouse, which was not intended originated in the initial work due to its complexity and was technically solved at a later point in time.

“This greenhouse allows the field to be removed automatically and maintained in optimal conditions and in perfect shape for playing a soccer game. This will maximize the number of events that can be held without affecting the lawn. “



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