Why Real Madrid’s transfer policy has changed

Stadium renovations in limbo

Florentino Perez has long dreamed of remodeling the Santiago Bernabeu and since his return in 2009, he has jumped a number of hurdles to realize that dream. It seemed at the start of the year that work would finally begin on a planned renovation that would cost 400 million euros, after opponents of the redevelopment finally compromised.

However, the plans have hit yet another speed bump when the deal’s image right owners, Spanish oil giants Cespa, pulled out of the deal. Since then Perez has looked for another partner, however, it has come to no avail and the possibility of having to go ahead with the build without a partner is beginning to loom large. This has led many Madrid commentators to believe that Perez has purposefully reeled in his spending over the last four years just in case this scenario occurred.