For this sake, the directors of the “tops” need praise from the side for all the kindness of the club.

The directors of Real Madrid are pleased to ask the members of the Madrid club to appreciate the new loan amounting to 370 million euros to cover the costs of the reconstruction of the Santiago Bernabeu stadium. The Athletic reports this.

Praise may be given at the general assembly of the club, which will take place on Saturday, November 11th.

The document sent to club members states that Real Madrid would like to receive more money through price changes and non-transferred work, as well as for the improvement of additional facilities in the project for the reconstruction of the iconic stadium.

This is already the third loan that Real wants to take, and it is certain that this term will be praised by most. If the club requested another loan from 2021, there were 1582 votes for, 16 against and 37 votes against.

Another loan was insured in the amount of 225 million euros. Partially, it was taken to finance the work on the new hanging field system, which was not part of the cob modernization. The first loan of 575 million euros was taken out in 2019.

The first two loans were issued at interest rates that experts found favorable (2.5% and 1.53% consistent). Prote vidsotkova rate for a new loan will undoubtedly be higher. Both the other and the third loan can be seen as an over-investment of the project. Dzherela in the club insists that further loans will not become a burden for the club’s financial situation.

The Santiago Bernabeu renovations will increase the stadium's capacity by approximately 4,000 people – to approximately 85,000 – and expand the VIP area. The club also plans to develop a new stadium as a venue for other non-football events and hopes to ensure additional income.

Work on the reconstruction of the stadium began in 2019, and the main part is expected to be completed before the end of 2023, including the remaining promises to the club, which indicate that the renovation is underway structures increased to 1.4 billion euros.