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Real Madrid president accidently reveals plans to rename Bernabéu Real Madrid president accidentally reveals plans to rename Bernabéu
(about 1 hour later)
The Real Madrid president, Florentino Pérez, has been caught on camera apparently revealing the future name of the club’s revamped stadium as either “IPIC Bernabéu” or “CEPSA Bernabéu”.The Real Madrid president, Florentino Pérez, has been caught on camera apparently revealing the future name of the club’s revamped stadium as either “IPIC Bernabéu” or “CEPSA Bernabéu”.
Real last month agreed a strategic partnership with the Abu Dhabi fund International Petroleum Investment Co (IPIC) that will help finance a planned stadium overhaul costing around €400m (£320m) and due to be completed by 2017.Real last month agreed a strategic partnership with the Abu Dhabi fund International Petroleum Investment Co (IPIC) that will help finance a planned stadium overhaul costing around €400m (£320m) and due to be completed by 2017.
IPIC’s holdings include the Spanish energy firm Compañía Española de Petróleos (CEPSA) and Pérez was captured on the sidelines of an event on Tuesday saying: “We are going to put IPIC Bernabéu or whatever they want ... or CEPSA Bernabéu.”IPIC’s holdings include the Spanish energy firm Compañía Española de Petróleos (CEPSA) and Pérez was captured on the sidelines of an event on Tuesday saying: “We are going to put IPIC Bernabéu or whatever they want ... or CEPSA Bernabéu.”
Real chose a design led by the German architects GMP for the remodelling of the stadium, which was opened in the 1950s and holds just over 80,000 spectators.Real chose a design led by the German architects GMP for the remodelling of the stadium, which was opened in the 1950s and holds just over 80,000 spectators.
The project, to add a striking new roof and exterior to the current structure and include a hotel and a shopping centre, is meant to help the world’s richest club boost revenue.The project, to add a striking new roof and exterior to the current structure and include a hotel and a shopping centre, is meant to help the world’s richest club boost revenue.
However, a Madrid court has thrown the plans into doubt by ruling that a deal between Real and the Madrid council, which would allow land adjacent to the stadium to be incorporated into the work, should be suspended because the European Commission is examining it for possible illegal state aid.However, a Madrid court has thrown the plans into doubt by ruling that a deal between Real and the Madrid council, which would allow land adjacent to the stadium to be incorporated into the work, should be suspended because the European Commission is examining it for possible illegal state aid.
Pérez did not reveal what the revamped stadium would be called when the IPIC deal was announced but said the agreement marked “the start of a long journey and the beginning of a strong partnership”.Pérez did not reveal what the revamped stadium would be called when the IPIC deal was announced but said the agreement marked “the start of a long journey and the beginning of a strong partnership”.