May 8, 2019 / 7:17 PM / 14 days ago

Real Madrid award stadium remodelling contract to FCC

FILE PHOTO: Soccer Football - La Liga Santander - Real Madrid v Rayo Vallecano - Santiago Bernabeu, Madrid, Spain - December 15, 2018 General view inside the stadium before the match REUTERS/Juan Medina/File Photo

MADRID (Reuters) - Spanish building and infrastructure company FCC has been awarded a contract to overhaul Read Madrid’s Bernabeu stadium, the club said on Wednesday.

Majority owned by Mexican Carlos Slim, FCC will begin work immediately and avoid disrupting games, with the project due to be completed by August 2022, the club said in a statement.

The contract is worth around 475 million euros (£408.67 million), Spanish newspaper Cinco Dias reported.

Last month Real Madrid announced it had secured a 575 million euro loan to finance its plans for a “digital stadium of the future.”

Reporting by Sam Edwards; Editing by Elaine Hardcastle

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