Real Madrid announce $650 million stadium redevelopment

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Real Madrid’s historic Santiago Bernabeu stadium will get a major facelift in the coming years.

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The reigning European champions have released details as to how their home will be redeveloped, with a much more modern feel coming up for one of the greatest soccer cathedrals on the planet.

One of the key features of the new stadium includes the new steel outer structure, as well as technology allowing videos to be featured on the outside of the stadium and a fixed and retractable roof installed. Plus, they’ve gone and copied Atlanta United’s stadium with a 360 degree screen in the upper reaches of the stadium.

With the ability to walk around the entire top tier of the stadium, plus an extended club museums and plenty more shops and restaraunts, this is a smart move by Real to update their 71-year-old home. Barcelona are doing the same with the Nou Camp, while Atletico Madrid’s move to their new Wanda Metropolitano stadium last year was a huge moment for them.

Real’s president Florentino Perez revealed that he hopes the plans will get the green light in early 2019 and estimated the work would take “approximately 3 and a half years” to complete.

Perez claims the fee to redevelop the stadium will be just $29.3 million per season, which he says is 4 percent of their total revenue and will not impact their transfer spending or wage budget. Real also claim that it would increase stadium revenue by $176 million per season.

Take a look at the incredible video below to get a taste of what lies ahead for the Santiago Bernabeu.