Real Madrid has secured a €575m ( €235m ) loan, subject to the purchase of commercial bonds, towards the redevelopment of the football club's stadium, the Bernabéu. The loan could be used as part of a financial restructuring. It is also reported that the interest rate will not exceed 2.5 per cent, meaning that Madrid will make annual repayments in the region of €30 million (US$33.8 million) for 20 years. The stadium redevelopment is also being funded by a €575m investment from JP Morgan and Bank of America Merrill Lynch .
Real Madrid has secured a €575m ( €235m ) loan, subject to the purchase of commercial bonds, towards the redevelopment of the football club's stadium, the Bernabéu. The loan could be used as part of a financial restructuring. The stadium redevelopment is also being funded by a €575m investment from JP Morgan and Bank of America Merrill Lynch .