Real Madrid are set to rename their Bernabeu stadium as part of a sponsorship deal with United Arab Emirates-based International Petroleum Investment Company (IPIC).
The two parties agreed their partnership, believed to be worth up to 500 million euros to the Spanish club over a period of 20 years, in October.
The name the parties have settled on is thought to be The Abu Dhabi Santiago Bernabeu, although another possibility is The Cepsa (a subsidiary Spanish company) Santiago Bernabeu.
"If you want to do it without debt, the only possibility is that we take a sponsor's name which could give us the 400 or 500 million euros the new stadium is worth.
"We have spoken to 10 companies to see if someone is capable of attaching their name to the Bernabeu. I have said I will do [the renovations to] the stadium and I am going to do it, but I have to overcome all the difficulties."
BBC
The two parties agreed their partnership, believed to be worth up to 500 million euros to the Spanish club over a period of 20 years, in October.
The name the parties have settled on is thought to be The Abu Dhabi Santiago Bernabeu, although another possibility is The Cepsa (a subsidiary Spanish company) Santiago Bernabeu.
"If you want to do it without debt, the only possibility is that we take a sponsor's name which could give us the 400 or 500 million euros the new stadium is worth.
"We have spoken to 10 companies to see if someone is capable of attaching their name to the Bernabeu. I have said I will do [the renovations to] the stadium and I am going to do it, but I have to overcome all the difficulties."
BBC
**** off!
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