Court halts Real Madrid's development scheme

Image
IANS Madrid
Last Updated : Feb 11 2015 | 6:25 PM IST

Real Madrid's plan of remodelling the club's home stadium - the Santiago Bernabeu - was put on hold by the Madrid High Court Wednesday as it overturned an agreement reached by the Spanish football club and the local authority in November 2012.

Real Madrid planned to expand the stadium, extending the building till its present car park area, next to the main road running through the heart of city, reports Xinhua.

The plan included construction of restaurants, a hotel and also a roof to cover the entire stadium. According to the plan the stadium would have expanded by 12,250 meters.

However, several people living in the vicinity of the stadium and the environmental group, Ecologists in Action, opposed the plans and in early 2013 asked the court to temporarily suspend the development.

The court accepted the case, which came at the same time the European Union also announced it was investigating the club for receiving illegal State aid.

The club and the Madrid local authority launched an appeal for the proposed expansion to go ahead.

The appeal was rejected Wednesday, prompting the club to issue a statement saying that following the ruling: "Real Madrid will work with the City Council and the Community of Madrid to address those aspects that require attention in order to make the Santiago Bernabeu reform project viable."

Re-modelling the stadium has been of one club president Florentino Perez's long- standing ambitions.

He has promised the redevelopment in his last two campaigns to stand for the presidency of the club but has failed to act on the promise so far.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 11 2015 | 6:18 PM IST

Next Story