Real Madrid Set For $586 Million Stadium Upgrade

12 October 2016

Real Madrid has has given the green light to move forward with a revamp of the Santiago Bernabeu that will see a retractable roof added to the stadium.

Modern day Colesseum unveiled in Krasnodar

Madrid's home since 1947, the Bernabeu was heavily redeveloped before the 1982 World Cup, with the latest plans to freshen up the venue including a retractable roof to cover the entire arena and a light display to cover the outside of the structure.

Plans for the refurbishment were originally revealed in 2014, although Madrid has since been held up by red tape.

Work is now set to begin next year on the new construction and will cost in the region of $586 million.

Madrid president Florentino Perez hopes to recoup much of that sum by selling the stadium's naming rights.

"The stadium will still be the Bernabeu, but it could have a surname, as all stadiums now have, to help to pay for the structure," he said.


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