Real Madrid is looking to raise $465m (between €400m) 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.
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.