Real Madrid selects FCC to create digital stadium of the future
– Florentino Pérez
Spanish construction company FCC has won the competition to transform Real Madrid's 70-year-old Estadio Santiago Bernabéu into what the club's president, Florentino Pérez, has called a "digital stadium of the future".
FCC, which is owned by Mexican businessman Carlos Slim, is expected to begin work on the facility immediately, with an anticipated completion date of August 2022.
According to Cinco Dias, the contract is worth €475m (US$529.5m, £408.6m).
The expanded stadium, set to feature a modernised design conceptualised by architecture firms L35, Ribas & Ribas, and GMP Architekten, will have a capacity of 90,000.
Funding for the redevelopment will be provided by JP Morgan, Bank of America Merrill Lynch, Banco Santander, and Société Générale.
Real Madrid Carlos Slim Estadio Santiago