The Spanish giants are reportedly set to build a new stadium for the 2019 World Cup in South America.
According to the Daily Mail, the project will be financed by a consortium that includes Spanish conglomerate Cadena Cope.
A source close to the project said the consortium, which includes a Spanish consortium, have already received “serious bids” from the owners of Cadena, and that the stadium is expected to be completed by the end of 2020.
The project would be a massive investment in the city of Barcelona and is being overseen by the construction giant that has already been involved in a number of projects in the Spanish capital.
The construction of the stadium has been a key part of Real Madrid’s bid for the 2018 World Cup, and has been one of the main reasons why the club have won the tournament three times since 1992.
They will now have to overcome a number and complex issues to secure a new venue.
Cadena have already announced plans for a new facility for the 2017 World Cup and the 2019 European Championships, but this is the first time the club has said it will be investing in the new facilities.”
The development of the new stadium will be a priority for the club and we will continue to work together to ensure that this project is a success.”
Cadena have already announced plans for a new facility for the 2017 World Cup and the 2019 European Championships, but this is the first time the club has said it will be investing in the new facilities.