Real Madrid secure financing to remodel Bernabeu stadium


FILE PHOTO: Real Madrid president Florentino Perez speaks during the presentation of a project to modernise the Santiago Bernabeu Stadium at Santiago Bernabeu Stadium in Madrid, Spain, April 2, 2019. REUTERS/Juan Medina/File Photo

MADRID (Reuters) - Real Madrid have secured financing to revamp the Santiago Bernabeu stadium with construction due to begin at the end of this season for completion by 2023, the Liga club said in a statement on Friday.

Real, who last week unveiled ambitious plans for a "digital stadium of the future", secured a 575 million euros (£497 million) loan that they will start paying back in 2023 at a fixed 2.5 percent interest rate through to 2049.

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