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The Real Madrid Board of Directors ratified an agreement with Sixth Street, an investment firm, and Legends, a premium experiences company for sports and live venue organizations, at their meeting yesterday, with the goal of elevating the Santiago Bernabéu Stadium as a unique venue and a global benchmark for leisure and entertainment.
Real Madrid will receive approximately €360 million as part of the long-term partnership, which will be invested in any of the Club's activities. Sixth Street gains the right to participate in the operation of certain new businesses at the Santiago Bernabéu stadium for the next twenty years as part of this partnership. Legends will also contribute its experience and knowledge in the operation of large stadiums and leisure centers, allowing the Santiago Bernabeu stadium to be managed more efficiently.
The transformation of the Santiago Bernabéu stadium will be a watershed moment in Real Madrid's history. This partnership with Sixth Street and Legends, both world leaders in their fields, will be critical in providing unique experiences in a stadium that can host multiple events throughout the year. This agreement will help us achieve our goal of significantly increasing the stadium's revenue from sporting and other events.