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Total cost of the new Bernabeu reaches to 893 million euros
Football
18-Jul-2023
Source: Marca
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Real Madrid continued the execution of the works in the 2022-23 financial year, expecting the completion of the essential part of them by the end of 2023. The execution has been carried out according to the scheduled plan, making it compatible with the holding matches at the Santiago Bernabéu. The amount of the investment recorded in the 2022-23 financial year was 355 million euros, including the financial costs capitalized during the construction period. In this way, the accumulated investment until June 30, 2023 amounts to 893 million euros.

Regarding the loan, the full 800 million euros were made accessible the previous year. The first loan repayment will be made on July 30, 2023, during the fiscal year 2023-24, assuming a fee of 34 million euros.

The estimation that the stadium remodeling project will finish essentially at the end of 2023 will be a key factor in how the economy develops in the following financial year 2023-24. As a result, it is anticipated that the investment will start operating on January 1, 2024, at which point it will start to be amortized and the financial costs of the stadium loan will no longer be capitalized.

The increase in revenue from both regular/VIP capacity and from the commercial use of the facilities is the other significant result of this work's completion (tour, events, bars and restaurants, shop). The increase in income resulting from the stadium's full commercial availability is predicted to begin in January 2024 and grow gradually, thus the increase in income resulting from the stadium will rise.

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