The investor company `IPIC` from Abu Dhabi will have the right to put its name on the stadium of Real Madrid, having carried out the reconstruction.
The company from Abu Dhabi has already won the tender for the reconstruction of the stadium.
Real Madrid President Florentino Perez said that `IPIC` will make a full reconstruction, which should start next year. The company from Abu Dhabi will pay for the renovation of the stadium.
`IPIC` will be named after the stadium of Real Madrid, but it was not specified for any period of time.
Real`s desire was the reconstruction to begin in 2017, as the stadium will get a retractable roof and a much more modern look.
`The Bernabeu` was found on 14 December 1947 as it is named after the legendary President of Real Madrid. Its capacity was increased several times and is currently about 85 000 spectators and it has been renovated twice.
400 million euros will go to the reconstruction and modernisation of the Santiago Bernabeu.