Bundesliga: RB Leipzig will become the owner of the stadium in which it operates, the Red Bull Arena

RB Leipzig (Bundesliga) will become owner of the stadium in which it operates, Red Bull Arena (42,959 seats), the club announced on 22/12/2016. The club has reached an agreement with the current owner of Red Bull Arena, the businessman Michael Kölmel, to purchase the sporting complex which includes Red Bull Arena, two buildings, a green space, and the Leipzig "Bell Tower".

"However, the final purchase depends on the agreement of the City of Leipzig and the competent authorities," said the club on 22/12/2016. The amount of the purchase of the sporting complex is estimated at €70m. RB Leipzig should renovate the stadium and increase its capacity from 42,959 to 57,000 seats. This work should start in 2018 and cost the club about €40m, according to German media on 22/12/2016.

"We are very pleased that the open and fair discussions with Michael Kölmel could be concluded at any time in a successful and positive way for both sides. The decision is a clear signal for our fans, the location as well as the city of Leipzig. Now it is up to the city to agree to the sale and to make a positive…