Atletico agree land deal for new stadium

Atletico Madrid have agreed a price tag with local authorities to buy the land where their new stadium is being built, the mayor's office said on Monday.
Atletico will play from the start of the 2017-18 season at the new Wanda Metropolitano stadium, which will have a capacity of 67 000 - an increase of 12 000 over their current home, the Vicente Calderon.
They are competing against the
Olympic Stadium in Baku, Azerbaijan, for the right to host the 2019 Champions League final at the Wanda Metropolitano.
The land deal carries a price take of €30.4 million plus interest, and Atletico have agreed to spend an additional €29.8 million on developing the surrounding area of the city, including over 4 000 public car park spaces.
The cost was adjusted to reflect the fact that the club are acquiring about 50 percent more land than envisaged under the original deal, drawn up in 2008.
It has also been agreed that the stadium will not be used in any future Olympics hosted by Spain, with Atletico retaining exclusive use.

Comments

Bale and Ronaldo star of Madrid wins Champions League round-up

Cristiano Ronaldo scored twice as holders Real Madrid maintained their 100% record in Group H by

Real thrash Eibar without Bale, Ronaldo

Real Madrid overcame the absence of Gareth Bale and Cristiano Ronaldo to romp to a 4-1 win at tiny Eibar on Saturday and provisionally return to the top of La Liga. Karim Benzema was the focal point in Real's attack without the suspended Bale and injured Ronaldo and fired the visitors ahead in the 14th minute, following up his own shot on the rebound, before

N81 Billion NDDC Probe: Senate calls for sack of IMC, reconstitution of new NDDC board

*** Indicts Self, FG, Akpabio, Asks Presidency To Take Over NDDC, Not Minister ***Calls on IMC to Refund Extra Budgetary Expenditure of N4.923 Billion *** As Senate Vows to Review the Act establishing the NDDC *** Probes alleged blackmail by NDDC against some members of the National Assembly *** As Senate Adjourns till September 15 The NDDC which was hitherto in the Office of the Secretary to the Government of the Federation, SGF is now being oversighted by the Ministry of Niger Delta Affairs, under Senator Godswill Akpabio, following recent directives by the presidency. THE Senate Thursday indicted itself as an institution for not carrying out an effective oversight function on the activities of the Interim Management Committee, IMC of the Niger Delta Development Commission, NDDC that led to the rot and high level of corruption in the interventionist agency. The Senate has also indicted the Federal Government, the IMC for the pro...

Search This Blog