Real Madrid CF: Sixth Street and Legends to invest €360m to operate the new Santiago Bernabéu

"The board of directors of Real Madrid CF (LaLiga Santander) has ratified an agreement with Sixth Street, an investment firm, and Legends (owned by Sixth Street), a premium experiences company for sports and live venue organisations, with the objective of elevating the Santiago Bernabéu Stadium (80,000 capacity) as a unique venue and a worldwide benchmark for leisure and entertainment," announced the Spanish club on 19/05/2022.

"As part of the long-term partnership, Real Madrid will receive approximately €360m to be invested across any of the club's activities. Through this alliance, Sixth Street acquires the right to participate in the operation of certain new businesses of the Santiago Bernabéu Stadium for twenty years. In addition, Legends will contribute its experience and knowledge in the operation of large stadiums and leisure centers, allowing for the optimisation of the management of the Santiago Bernabéu Stadium," said the Madrid club. The two American partners have reportedly acquired a 30% stake in the new company set up to operate the stadium, which is currently being…