Monday briefing: Real Madrid set to borrow €370 million in private debt market for Bernabeu revamp

Real Madrid are set to borrow around €370 million from institutional investors to help finance the renovation of their Bernabeu stadium, according to a report from Bloomberg.

Sources told the newswire that the club is raising the money through a private debt-issuance, which will be paid back with funds from ticket revenues in what is called a waterfall payment structure.

Madrid have raised debt several times since 2019 to pay for their stadium renovation. The project, whic