Real Madrid unveiled this Wednesday the details of the expansion of financing to face a new underground greenhouse to store the pitch of the Santiago Bernabéu, with “the best conditions ever achieved for long-term financing in the world of sport.”

The white box, which was approved in the Assembly on November 20, 225 million euros more for that underground greenhouse to store the lawn of the new Bernabéu, gave details of some historical financing conditions.

The white box signed the extension of the financing of the stadium works through a new loan for a total amount of 225 million euros, with a term of 27 years and a fixed interest of 1.53%. In addition, the loan includes a lack of repayment of the principal, in such a way that Real Madrid will not begin to repay the financing until July 30, 2024.

In addition, the team chaired by Florentino Pérez emphasizes that Madrid has not had to provide any type of mortgage guarantee, nor has any financial limitation been established on the management of the club. The greenhouse, explained in the Assembly, will allow the automatic removal of the pitch and its conservation in optimal conditions while events are being held.

The Madrid group reported that it has had Key Capital Partners as financial advisor and financing coordinator, and with Clifford Chance as legal advisor, while the financing has been structured by JP Morgan and Bank of America.