The Santiago Bernabeu Stadium, where Real Madrid Football Club of Spain play their home matches will be renamed, as The Abu Dhabi Bernabeu, according to AS, a Spanish newspaper.
The report has not been confirmed by Real Madrid, but the club’s president, Florentino Perez was caught on camera admitting to a member of the regional government that the stadium will be called whatever the Abu Dhabi investment group (IPIC), wants it to be called.
Madrid signed a deal with the IPIC, at the end of October 2014. IPIC is an Abu Dhabi based company that owns the Spanish Petrol Company (CEPSA) and it is owned by the emirate. No figures were given, but Pérez presented it as an agreement that would enable Madrid to carry out the redevelopment of the Bernabeu.
While figures were not given the deal was understood to be worth €3million, a year until Madrid began work, when IPC would pay €20m a year. Madrid have not said that the stadium will be renamed, although Perez has admitted that it might be given a “surname”.