Real Madrid have struck a mammoth deal worth €360 million with investment firm Sixth Street and sports experience outfit Legends.
This was confirmed via the club’s website which further stated that the partnership was set to span through the course of two decades.
“The Board of Directors have ratified an agreement with Sixth Street and Legends with the objective of elevating the Santiago Bernabéu Stadium as a unique venue and a worldwide benchmark for leisure and entertainment,” read the official statement.
“As part of the long-term partnership, Real Madrid will receive approximately €360m to be invested across any of the club’s activities.
“Through this alliance, Sixth Street acquires the right to participate in the operation of certain new businesses of the Santiago Bernabeu stadium for twenty years.
“In addition, Legends will contribute its experience and knowledge in the operation of large stadiums and leisure centres, allowing for the optimization of the management of the Santiago Bernabeu stadium.”
With this agreement, Los Blancos are beginning to capitalise on the investment made towards the renovation of their home ground which began in 2019 and should be completed by December.
The development comes at a welcome time for Madrid, who are bracing themselves up for the possible arrival of Kylian Mbappe on a free transfer from Paris Saint-Germain, while big-name stars like Karim Benzema Vinicius Junior and Luka Modric are on the verge of contract extensions.
However, all of that is secondary to Carlo Ancelotti’s men at the moment with the La Liga and Spanish Super Cup champions currently focused on capping off what has been a wonderful season with Champions League success when they face off against Liverpool on May 28.
