Bankia, Caixabank In Competition To Provide Loan For Real Madrid

Bankia and Caixabank are reportedly interested in funding renovations to the Santiago Bernabéu.GETTY IMAGES

Real Madrid President Florentino Pérez "will not have a problem" finding a bank to finance the club's renovations to the Santiago Bernabéu, according to Fermín de la Calle of EL CONFIDENCIAL. There are "reportedly two banks interested in a deal:" Madrid-based Bankia and Catalan firm Caixabank. The "financial battle has begun." Bankia "is an old partner of Pérez and the club," but Caixabank, which is "very interested in financing the remodeling of the stadium" and has informed Pérez it is willing to "offer better loan terms than Bankia," has emerged as a "serious competitor." The competition between the banks "will inevitably benefit Real Madrid when it signs the loan" (EL CONFIDENCIAL, 9/13).