Real Madrid Has Focused A Lot Of Financial Effort In Recent Seasons On The Santiago Bernabeu
The remodelling has been a priority for a club that is already beginning to reap the rewards, even though the work has not yet been completed.
Real Madrid announced a strategic agreement with the investment firm Sixth Street and the company Legends, which specialises in stadium management and premium experiences at major events, “with the objective of elevating the Santiago Bernabeu Stadium as a unique venue and a worldwide benchmark for leisure and entertainment."
In a deal that was ratified by its board of directors on Wednesday, the club made official an agreement that will bring in approximately 360 million euros in revenue, the club announced in a statement.
Real Madrid reports that with the sealed alliance, the Sixth Street company “acquires the right to participate in the operation of certain new businesses at the Santiago Bernabeu stadium for twenty years.”
Meanwhile, Legends “will contribute its experience and knowledge in the operation of large stadiums and leisure centers, allowing for the optimization of the management of the Santiago Bernabeu stadium,” a fact that the club says marks “a turning point in the history of Real Madrid.”
Real Madrid president Florentino Perez’s objective with the new alliance is to “significantly increase the stadium’s revenues from both sporting and other types of events.” Its two new partners, world leaders in their activities, will provide “unique experiences in a stadium where multiple events can be organised throughout the year."
SEVILLA WIN THE EUROPA LEAGUE FOR THE SEVENTH TIME IN THE LAST 18 SEASONS
Sevilla FC has once again lifted the profile of the Liga BBVA to the pinnacle of European football.The Andalusian side lifted the 2022/2023 UEFA Europa League title after beating AS ROMA in a passionate final which had to be resolved with a penalty shootout (4-1). As such, the Spanish club has now won the title for the SEVENTH time in its history.
Robbie Savage names two players to help Man United win season’s title
Manchester United star Robbie Savage has said the club will win the 2023-24 Premier League season if they can sign Harry Kane and Frenkie de Jong this summer.The Red Devils have made highly commendable progress since Erik ten Hag joined from Ajax at the beginning of the season and are serious title contenders, just five points behind league leaders Manchester City and Arsenal.Ten Hag has made signing a new striker a top priority for the club this summer; Kane and Na...
Barca Finish La Liga Table Below 2nd Since 13 Seasons Ago
Barcelona defeat at home makes it mathematically impossible again for the Catalonia club to finish 2nd in the table, and the club will be finishing below second since the 07/08 season.t is instructive to note that the unsettled 6th time world best player Lionel Messi contract expires this summer and he has yet to agree on an extension as the Koeman is yet to persuade the club legend in extending his contract.The Argentine opened the scoring against Celta but two goa...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.