The Madrid city council, which is reportedly keen on approving the project, has estimated the club may need to invest up to €59.6 million (US$65.7 million), with work beginning in 2020 and ending in 2024, according to the report. Real Madrid is reportedly awaiting final approval for its € 59 m ( $ 65 m ) sports centre development , consisting of eight pitches , a mini - stadium , a restaurant and training facilities next to its new Nuevo Metropolitano Stadium . The club earned € 45 m from the sale of its former stadium and has also received funding totalling € 47 m from Real Madrid ’s naming rights partner , Wanda Sports . Final approval depends on whether second division and European youth games can be played at the mini stadium , which has to have at least 6,500 seats to qualify . Construction could begin in 2020 , with completion in four years .
Real Madrid is reportedly awaiting final approval for its € 59 m ( $ 65 m ) sports centre development , consisting of eight pitches , a mini - stadium , a restaurant and training facilities next to its new Nuevo Metropolitano Stadium . The club earned € 45 m from the sale of its former stadium and has also received funding totalling € 47 m from Real Madrid ’s naming rights partner , Wanda Sports . Final approval depends on whether second division and European youth games can be played at the mini stadium , which has to have at least 6,500 seats to qualify . Construction could begin in 2020 , with completion in four years .