Sixth Street Partners has decided to invest € 360 million in Real Madrid football, providing the club with much-needed funds during a renovation phase of its stadium in the Spanish capital, which is expected to cost € 800 million, according to Bloomberg. .
Sixth Street will thus have the right to make a profit from specific activities that will take place at the Santiago Bernabeu for 20 years, according to what the investment company itself announced.
The American investment company thus buys a 30% share in the activities of the stadium and will receive a share of all activities except for the sale of season tickets, according to a report of the New York Times.
Real Madrid, who secured the 35th league title in Spain for the season, can use the investment resources at will, even for transfers of players. It is the most successful football team in Europe, with 13 Champions League titles – Champions League, while later in May it will claim a 14th title, against English Liverpool.
The deal also includes Legends, an American sports and other entertainment management company, the majority of which is controlled by Sixth Street and which oversees Real’s retail operations since 2020.
As part of the renovation of the Santiago Bernabeu, it will be possible to store grass so that the stadium can host lucrative non-football events, such as concerts and tennis matches.
Source: Capital
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