Real 'agree' stadium deal worth R165bn

LaLiga

Real Madrid are reportedly set to earn a massive cash injection after agreeing a deal worth £8 billion (R165 billion) with a US company.

The LaLiga giants are currently in the process of renovating the Santiago Bernabeu into a state-of-the-art arena that will satisfy the demands of club members while also increasing their revenue streams.  

This facelift will reportedly cost £700 million (R14 billion), but it appears that big expense may not be an issue for Carlo Ancelotti's side. 

Scroll through the gallery above to see what the new Bernabeu is projected to look like once complete

According to Spanish outlet Vozpopuli, Real have agreed a 25-year deal with American company Legend that is set to earn them as much as £8 billion (R165 billion) over the duration of the contract. 

The US events company will reportedly be entitled to 20% of the profits made by the stadium in that period as long as it fulfils the promise of income to Real.

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The new Bernabeu is already designed for more than just football matches with the club's basketball side also set to play their matches there, but the renovation will also enable the arena to be open for 300 days a year for events such as trade shows, exhibitions and concerts, with social and hospitality locations also planned, according to Marca.   

It is reported that the stadium's capacity will also expand to 100 000, with the revamp only likely to be completed in early 2023. 

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