Florentino Pérez admitted during last week's press conference that Real Madrid will need a sponsor to complete Santiago Bernabéu's remodeling. However, the President is not willing to let the words "Santiago Bernabéu" go. Pérez confirmed that the club were looking at several offers in order to decide which one was the best for Real Madrid.
And today, Marca report that the Estadio Santiago Bernabéu will be named after Abu Dhabi for the next 20 years. According to the report, Real Madrid would receive around €500 million in those 20 years, meaning an annual income of €25 million. It should be noted that los blancos recently signed a sponsorship deal with the National Bank of Adu Dhabi as well.
Marca also say that this deal would be announced as soon as the construction is finished and not before. In the meantime, CEPSA could be the company to step in and fund the work on the new stadium. However, Real Madrid are waiting on the court's decision about the new Bernabéu, but a favorable sentence is expected.