نادي ريال مدريد | الموقع الرسمي لنادي ريال مدريد

The 2023 Extraordinary General Assembly virtually unanimously approved the extension of the authorisation to the club's Board of Directors to take on debt in order to finance works on the remodelling of the Santiago Bernabéu stadium. The result of the 1,632 votes cast was 1,569 votes in favour, 25 against and 38 abstentions. That is, 96.13% of the votes were in favour.

The president of Real Madrid, Florentino Pérez, said: 'The transformation of the Santiago Bernabéu stadium is the beginning of our future. The history of Real Madrid has been moulded in this temple of world football. It is the pride of all madridistas. It is part of our lives. And it will be our strongest ally to help us fulfil all our dreams. The new Santiago Bernabéu stadium will change the history of Real Madrid. We have seen the pride that all madridistas feel when we are attaining the climax of a dream that will mark our destiny.'

'We must remember that everything we do is the result of our efforts and sacrifices. This has always been the case throughout our 121-year history. And this project, one of the most important in Europe at this time and one of the most difficult to implement, is already an insignia of our unity and our strength.'

Ambitious redevelopment
'All of us together must appreciate the effort we have had to make to reach this goal. We must be conscious of the adverse circumstances in which we have had to undertake this immense challenge. For all these reasons, we have had to embark on the most ambitious remodelling of the Santiago Bernabéu stadium in the context of one of the world's worst economic situations in history, which has had a significant impact on the construction industry. Therefore, the challenge has become even more complex, but we are in the final straight to achieving it.'

'All these unforeseen circumstances have resulted in an increase in the budget for the construction work. But the budget has also increased because new actions have been undertaken that were not initially foreseen, with the fundamental objective of increasing income and improving the final result of the investment. Therefore, to make our stadium even more productive.'

Investment in technology
'Likewise, the investment in technology has been increased in all the areas of the Bernabéu Tour. The Museum will be much bigger and the spaces have been modified to make them more attractive. The traditional Tour has been extended with 2 new routes. The turf maintenance lighting has also been changed from fixed to variable spectrum, which allows the full range of natural light colours to be used, and this is the first time it has been used anywhere in the world with spectacular results.'

Gastronomic services
'The increase in investment has also been allocated to improving the gastronomic services of the bars, which will represent a qualitative leap in the offer to members and fans. All this involves an enormous effort in the development of infrastructures, which, in addition to providing a better gastronomic experience, will serve to optimise the generation of income through this activity.'

Fold-down seats
'And finally, I would also like to highlight the fact that all the seats in the stadium have been converted into folding seats, making the seats more comfortable and safer.'

Financing
'In order to address all these additional investments and expenses, we have decided to finance ourselves on a long-term basis to avoid having to impact the activity and the club's outstanding balance sheet in the short term. The budget for these new investments is €370 million. Thanks to the financial solvency that Real Madrid enjoys, this will allow us to obtain financing under very favourable conditions, as we have obtained an A-rating, equivalent to that of the Kingdom of Spain.'