[ad_1]
As reported, the new Santiago Bernabéu Stadium, home to Real Madrid, will generate $ 1 billion in annual revenue for the club’s kitchen once it is completed.
 |
| The cash tap is fully opened as soon as the stadium is ready (Photo: AFP) |
Ad
So far, the Royal Guard has borrowed 100 million euros to build the facility and a total of 570 million euros will be used to finance the costs.
To do this, the club will request a loan of 270 million euros next July and the remaining 200 million in July 2022. Soon after, the new arena should be almost finished.
“The stadium will be ready in 2022,” confirmed club president Florentino Pérez on Sunday.
Without an epidemic and with full use of the new stadium, the Spanish newspaper ABC says that the club expects a revenue increase of 200 million euros.
The amount necessary for the construction of the new stadium will be collected within 30 years and, together with the fixed interest, will have to return a total of almost 800 million euros to the Royal Guard.
Due to the epidemic situation, Real Madrid is expected to have 300 million euros less in revenue this year. However, after the completion of the multifunctional stadium, the annual revenue will amount to 1 billion euros – As.
[ad_2]
