Sutton Denies Censoring Fan Forum UK Sport Rejects Seven Funding Appeals SANZAAR To Discuss Future Of Super Rugby PSL Final To Be Held In Lahore French Ski Companies Win Chinese Deals Executive Transactions Royal St. George's To Host 2020 Open Mercedes F1 Re-Signs Wolff, Lauda Sauber F1 Builds New Car For '17 Grupo Multimedios Acquires 50% Stake
SBD Global/November 7, 2013/FacilitiesPrint All
The Tivoli Stadium in Aachen, Germany, which opened in '09, "was one of the main reasons for the bankruptcy of current fourth-tier club Alemannia Aachen, but now the city plans to buy the stadium," according to SPIEGEL ONLINE. The city plans to buy the Tivoli Stadium for the symbolic price of €1 ($1.35). The city said that "after talks between politicians and administrators, the topic will be on the agenda during the next city council meeting on Nov. 20." The stadium has annual costs of €2.5M-€3.5M ($3.4M-$4.7M) due to operation, interest and repayment. It "is owned by the club through a consortium in which the city holds a 8.5% stake." The city "could once again generate revenue if it purchases the stadium, and the club would have the security of being allowed to play in the Tivoli" (SPIEGEL ONLINE, 11/5).
Microsoft Spain President María Garaña on Wednesday confirmed reports that Microsoft is "discussing becoming the partial title sponsor of Real Madrid's Santiago Bernabéu stadium," according to the EP. Garaña said, "We are talking." Garaña also insisted that it is just "talking," saying, "Talking, that is where we are" (EP, 11/6). In London, Pete Jenson reported Garaña said, "They are speaking with us and with various other companies about the stadium." It seems the "Santiago Bernabeu Microsoft stadium is a frontrunner in the race to be the moniker of the club's home." Madrid is "looking for ways to finance planned renovation work at the stadium and aware that Bayern Munich" receives around €180M ($243.4M) from "their Allianz Arena deal." Real Madrid has "moved to bring an end to 67 years of history" (DAILY MAIL, 11/6). GOAL's Henry Jackson reported the 85,000-seat stadium was inaugurated in '47 and was named after former Real Madrid President Santiago Bernabeu Yeste (GOAL, 11/6).