La Liga club Real Madrid said on Thursday that it has concluded a 360 million euro ($380.95 million) deal with Sixth Street, a U.S.-based investment business, that would enable it to hold events at the Santiago Bernabeu stadium.
Legends, a premium experiences firm that caters to sports and live venue organizations, is part of the agreement, according to the Spanish champions, who won their 35th LaLiga championship in April.
Managing $60 billion in assets, Sixth Street has extensive expertise in both infrastructure and sports. Legends maintains a 75% share in the company.
Real Madrid’s board of directors confirmed the arrangement on Wednesday, which the club said would enable for several events to be held at the stadium throughout the year.
There will be approximately 360 million euros invested in any of the club’s activities, as part of the long-term partnership between Real Madrid and Legends, according to a statement released by Real Madrid at the time of the announcement.
At the Santiago Bernabeu stadium, Sixth Street has been granted a 20-year license to operate some new enterprises.
To ensure that the Santiago Bernabeu stadium is run efficiently, Legends says it would use its expertise in operating major stadiums and recreational complexes.
Real returned to the Bernabeu for LaLiga matches in September of last year after spending the previous season at their Alfredo di Stefano training field stadium.