Real Madrid consider mammoth loan to complete Santiago Bernabeu work

Real Madrid had originally hoped to complete work on the renovated Santiago Bernabeu in 2022, but it looks as if work will extend into 2023. The time spent on the Bernabeu won’t frustrate Florentino half as much as the cost however.

Starting work in 2019, the original loan asked for by Los Blancos was €575m, according to Mundo Deportivo. A further €225m was then passed by the Real Madrid assembly in 2021, to complete work that was previously not in their plans.

Now, with the rising cost of materials, the club are looking into asking for a further loan of €150-200m in order to complete the renovation. The Russian invasion of Ukraine has sent prices soaring and slowed down construction greatly.

The top end of that proposed loan would take the project €400m over budget and over the €1bn mark in terms of total cost.

All of these numbers are bad news for Real Madrid, as they try to compete with the significant amount of cash available to Premier League clubs. Their ability to recruit world class players has been reduced in recent years and this will only handicap that effort.

Tags Real Madrid Santiago Bernabeu

8 Comments

  1. “The Russian invasion of Ukraine has sent prices soaring and slowed down construction greatly.”

    Not entirely correct. The brainless US administrations (along with their bootlicker vassal union EU and usual suspects UK) sanctions against Russia sent prices soaring.

    Isnt media becoming tired of being the laughing stock of humanity? Its obvious youre paid to write nonsense.

    Do you think people cant put one and one together?

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      Thank

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      2. Sure here is the address: bIowmahnutz at Gmail. Com
        If you hurry up and write me Ill also send you the number to my credit card as well as the cars security number.
        Heck Ill even send you my street adress and code to my electronic lock.

        Since you post with a female name, it probably means that youre profoundly interested in me an shape of my letters so I better grab this once in a lifetime opportunity.

      1. You mean cause as in CIA orchestrated coup d etat in Maidan (Google Victoria Neuman leaked tape where they chose replacement candidate for democratically chosen Yanukevitj) and Ukr opression on people in Lugansk and Donetsk who also democratically chose to leave Ukr in referendum with 90% majority. Not to forget 8 year long lowkey warfare, both with shellings of objects and war on Russian culture and language where they were prohibited to speak Russian?

        Then yeah, you are probably right.

        Waiting for the demons to sanction themselves after setting the fire on middle East based on wmd and anthrax lie.

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