Real Madrid strike €360m Bernabéu deal with investment firm Sixth Street | Real Madrid

Real Madrid have reached a €360m (£305m) agreement with Sixth Street that will allow the US-based investment firm to host events at the renovated Santiago Bernabéu stadium.

The Spanish champions said the partnership included Legends, a premium experiences company that caters to sports and live venue organisations. Sixth Street, which has more than $60bn of assets under management, has experience in infrastructure and sports. It has invested a majority stake in Legends.

The agreement, which the club said would allow for multiple events to be hosted at the stadium throughout the year, was ratified at a meeting of Madrid’s board.

“As part of the long-term partnership, Real Madrid will receive approximately €360m to be invested across any of the club’s activities,” Real Madrid said in a statement. “Through this alliance, Sixth Street acquires the right to participate in the operation of certain new businesses of the Santiago Bernabéu stadium for 20 years.

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“In addition, Legends will contribute its experience and knowledge in the operation of large stadiums and leisure centres, allowing for the optimisation of the management of the Santiago Bernabéu stadium.”

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