Abu Dhabi Bernabeu
Posted: Wed Jan 28, 2015 12:26 pm
http://www.dailymail.co.uk/sport/footba ... paign=1490
By Pete Jenson for MailOnline
Real Madrid set to rename stadium Abu Dhabi Bernabeu as part of £15m a year deal
Real Madrid agreed to sell naming rights to Abu Dhabi for €20m euros
Coca-Cola and Microsoft both showed interest in having name on stadium
According to AS the sponsors have settled on Abu Dhabi Bernabeu
The change won't happen until the stadium is remodelled
As well as having it’s name behind one of European football’s biggest clubs Manchester City, Abu Dhabi now looks set to have its name in front of one of the world’s most emblematic stadiums – the Santiago Bernabeu.
The Arab Emirate that has bankrolled Manchester City entered into a financial partnership with Real Madrid last November and for around £15million a year they have won the naming rights for the club’s stadium according to Diario AS.
Coca-Cola and Microsoft had both shown an interest in having their name on the Bernabeu but the race looks to have been won by the Spanish company Cespa which in turn is owned by the IPIC (International Petroleum Investment Company) which is owned by Abu Dhabi.
In November of last year when the three-year tie-up between IPIC and Real announced by Madrid, president Florentino Perez was caught on camera saying the stadium will be called ‘IPIC or Cespa, whatever they want’. According to the AS report the sponsors have settled for ‘Abu Dhabi Bernabeu’.
The renaming will not take place until the stadium is remodelled. Planning permission for the 500m euro project is currently stalled because of a European Commission enquiry into possible illegal state aid.
Real Madrid are currently finalising financing for the redevelopement and the somewhat unpopular sale of the stadium’s name is seen as one way to raise funds towards that end.
By Pete Jenson for MailOnline
Real Madrid set to rename stadium Abu Dhabi Bernabeu as part of £15m a year deal
Real Madrid agreed to sell naming rights to Abu Dhabi for €20m euros
Coca-Cola and Microsoft both showed interest in having name on stadium
According to AS the sponsors have settled on Abu Dhabi Bernabeu
The change won't happen until the stadium is remodelled
As well as having it’s name behind one of European football’s biggest clubs Manchester City, Abu Dhabi now looks set to have its name in front of one of the world’s most emblematic stadiums – the Santiago Bernabeu.
The Arab Emirate that has bankrolled Manchester City entered into a financial partnership with Real Madrid last November and for around £15million a year they have won the naming rights for the club’s stadium according to Diario AS.
Coca-Cola and Microsoft had both shown an interest in having their name on the Bernabeu but the race looks to have been won by the Spanish company Cespa which in turn is owned by the IPIC (International Petroleum Investment Company) which is owned by Abu Dhabi.
In November of last year when the three-year tie-up between IPIC and Real announced by Madrid, president Florentino Perez was caught on camera saying the stadium will be called ‘IPIC or Cespa, whatever they want’. According to the AS report the sponsors have settled for ‘Abu Dhabi Bernabeu’.
The renaming will not take place until the stadium is remodelled. Planning permission for the 500m euro project is currently stalled because of a European Commission enquiry into possible illegal state aid.
Real Madrid are currently finalising financing for the redevelopement and the somewhat unpopular sale of the stadium’s name is seen as one way to raise funds towards that end.