How much has Real Madrid made after reopening the Santiago Bernabeu?

Real Madrid closed the Santiago Bernabeu for renovation last year and reopened this year. How much have they made in matchday revenue since then?  

Santiago Bernabeu, the home of Real Madrid is one of the biggest and best stadiums in Europe. The stadium was reopened recently after it was closed for 560 days since March 1, 2020 for renovation, taking advantage of the coronavirus break which prevented fans from the stadium.

Real Madrid took a low interest loan of €575m to do the renovation which would be paid back over the next years and would not affect the club's spending as the expansion is expected to increase the club's revenue by almost a billion euros in the first year.

When Madrid first reopened the Santiago Bernabeu, La Liga allowed for only 60% of stadiums, which means only about 50,000 fans were allowed out of a possible 81,044 capacity of the stadium. As the season opened up, the clubs were allowed to open at full capacity.

Real Madrid's revenue from ticket sales is reported to be about €2m per week and with about 7 matches played at the Bernabeu since reopening including UEFA Champions League games, the club has only recouped about €15m from ticket sales but with other ventures in the stadium set to raise the club's revenue to about €1bn it will be an investment worth it in the long run.

Elijah Odetokun

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