Real Madrid is looking to raise between €400m ($465m) and €500m to redevelop its Santiago Bernabéu stadium. Club president Florentino Perez is reportedly approaching banks and hedge funds to raise capital. The club has been in talks with a consortium led by the Qatari Investment Authority for several months but it remains unclear whether they will be able to secure sufficient funding from their own coffers.
Real Madrid is looking to raise between €400m ($465m) and €500m to redevelop its Santiago Bernabéu stadium. Club president Florentino Perez is reportedly approaching banks and hedge funds to raise capital. A proposed naming rights deal with Abu Dhabi's International Petroleum Investment Company (IPIC), worth €20m annually, has seemingly been called off due to changes to development plans for the stadium.