Muchas grassias! Real Madrid granted €225m loan for underground greenhouse

By Sports Desk December 08, 2021

Real Madrid have taken out an additional loan of €225million for a new phase of remodelling work at the Santiago Bernabeu that will see an underground greenhouse installed.

Los Blancos initially confirmed plans for the €525m renovation four years ago, with the work set to increase capacity by 4,000 to roughly 85,000 and include the incorporation of a retractable roof and pitch.

Construction work began in 2020 during the hiatus ushered in amid the early months of the coronavirus pandemic, with Madrid subsequently playing their home matches at Estadio Alfredo Di Stefano – the club's training base – when the 2020-21 season resumed.

Madrid eventually returned to the Santiago Bernabeu in September this year but much of the remodelling is yet to be completed, with the club now confirming an extra phase has been added.

The subterranean greenhouse will ensure their playing surface remains pristine even when it is retracted.

Providing details of the loan and its use, a club statement read: "Real Madrid signed the extension of the financing of the works not initially included in the Santiago Bernabeu stadium remodelling project through a new loan for a total amount of €225million, with a term of 27 years and a fixed interest rate of 1.53 per cent.

"These conditions are the best ever obtained for long-term financing in the sport industry. The loan also includes a grace period for the repayment of the principal, so that Real Madrid will not start repaying the loan until 30 July 2024.

"The funding will be used for the construction of a large underground greenhouse which was not foreseen in the initial work due to its complexity and which was technologically resolved at a later date.

"This greenhouse will allow the automatic removal of the pitch and its preservation in optimal conditions and in perfect shape to be used when a football match is to be held. In this way, the number of events that can be held without impacting the grass will be maximised."

Related items

  • Rumour Has It: Juventus set for talks to thrash out Vlahovic deal Rumour Has It: Juventus set for talks to thrash out Vlahovic deal

    Dusan Vlahovic has drawn interest from Juventus, Arsenal and Tottenham among others.

    The 21-year-old has 18 months remaining on his contract and Fiorentina are keen to maximise their profit on him.

    Vlahovic has netted 38 goals in the past 18 months in Serie A.

    TOP STORY – FRESH TALKS ON VLAHOVIC DEAL

    Juventus are set for fresh talks on Thursday on a deal to sign Fiorentina's Vlahovic, reports Fabrizio Romano.

    The Serbia striker has attracted plenty of interest but an agreement between the Bianconeri and Fiorentina is in place.

    The stumbling block is Vlahovic's final contract and agent's fees, with a deal potentially set to trigger Alvaro Morata's exit to Barcelona, although Romano claims there are no new talks on that.

     

    ROUND-UP

    - Goal claims that Barcelona are working on a plan to raise €100million (£83m) in funds to lure Borussia Dortmund's Erling Haaland to the Catalan club. The Blaugrana are determined to win the race to sign Haaland despite interest from wealthy giants Real MadridManchester City and Paris Saint-Germain.

    - Bayern Munich's 32-year-old forward Thomas Muller has drawn interest from Newcastle United and Everton as he approaches the final year of his contract, claims Sport Bild.

    - L'Equipe claims that Bruno Guimaraes had told Lyon he wants to join Newcastle after the Magpies tabled a bid.

    - The Sun reports that Manchester United have put their search for a new manager on hold as they consider whether to make Ralf Rangnick's stay permanent.

    - Staying at United, numerous reports in England suggest Jesse Lingard is angry with the club as their demands have put off Newcastle's attempt to sign the player on loan.

    - Ousmane Dembele wants to stay at Barcelona after all, according to Sport. The France international's representatives met with Barca boss Xavi this week.

    - Tottenham's Tanguy Ndombele is set to join Valencia on loan, reports Telefoot.

  • 'Reggae Boyz will demand respect from Mexico' - Jamaica coach Hall confident heading into crucial qualifier 'Reggae Boyz will demand respect from Mexico' - Jamaica coach Hall confident heading into crucial qualifier

    Jamaica Reggae Boy interim head coach, Paul Hall, was in a bullish mood ahead of Thursday’s crucial World Cup qualifiers against Mexico at the National Stadium.

    The match will be the second fixture but the first World Cup qualifier for Hall, who stepped in to replaced Theodore Whitmore in December of last year.  With the team adrift in sixth place and 7 points behind the qualifying positions, it seems safe to say only a win will do for the Reggae Boyz against a typically dangerous opponent.

    Hall is aware of the challenge at hand but feels confident the team can find a way to pull off the crucial result.

    "We got to make sure we stay focussed and motivated with the task at hand and if we can do that and get into the game and find our rhythm and be expressive with our play then we will be ok," Hall said.

    “They won’t want to lose they are probably going to have the same attitude as ourselves, so I feel it will be a tight affair,” he added.

    “We will respect the Mexicans and what they bring and I would ask my team to make sure that Mexico respects what we bring, with our energy, with our rhythm, and with our desire,” he added.

    The Mexicans, who will be without key players Hirving Lozano and Raul Jiminez, are currently third in the standings, on 14, the same number of points as Panama.  In the reverse fixture, the Mexicans scored late to win 2-1.  The Jamaicans will play Panama three days later before hosting Costa Rica.  All teams are directly above them in the table.  

     

  • Tite: Coutinho can help Brazil replace injured Neymar Tite: Coutinho can help Brazil replace injured Neymar

    Brazil head coach Tite is bullish that Philippe Coutinho can help replace the injured Neymar in his first appearance in national colours for more than 12 months.

    Coutinho, who earlier this month joined Aston Villa on loan from Barcelona, is set to line up for Selecao in place of the suspended Lucas Paqueta in Thursday's World Cup qualifier away to Ecuador.

    The 29-year-old has not played for Brazil since October 2020 having undergone knee surgery in January 2021.

    Coutinho's return coincides with the absence of Neymar who is out for the upcoming qualifiers with an ankle injury.

    "People always want Neymar, but at times things don't happen the way you want," Tite told reporters.

    "We feel sorry that Neymar can't be here, but we have other options. I'm talking about Coutinho. He is a player that can play in that role and I believe in his quality.

    "Coutinho is an important player and he's been recovering to his best level."

    He added: "From a social and human standpoint, I know how much time he has invested and the challenges he has faced to recover from injury."

    Ex-Liverpool forward Coutinho has started life at Villa brightly, netting the equalizing goal in the 2-2 draw with Manchester United on debut.

    Brazil have already clinched their spot at Qatar 2022, but Tite wanted to push his players in the qualifiers against Ecuador and also Paraguay on Tuesday.

    "I thought the emotions and feelings would be lighter but no, we have the same emotions and anxieties," Tite said.

    "I want to test players in the upcoming qualifiers. I still have the same pressure."

    Tite confirmed that he will field Real Madrid's Vinicius Junior against Ecuador along with Raphinha and Matheus Cunha.

© 2022 SportsMaxTV All Rights Reserved.