Real Madrid’s president let slip the name changes to a politician seemingly unaware he was on camera at the time.

The Bernabéu, home of Real Madrid is set for a renaming following the Madrid club’s deal with Abu Dhabi company IPIC. The company is run by Sheikh Mansour, the man who owns Manchester City. International Investment Petroleum Company (IPIC) signed a deal with Real Madrid last month that will allow the club to finance their new stadium.

Club President Florentino Pérez was caught on camera telling politician Lucía Figar, Minister of Education and Sports of the Community of Madrid that

“We will put IPIC Bernabéu or whatever they want…or Cepsa Bernabéu,”

The five-year deal is a lucrative one for Real Madrid. They will be paid €3 million a year until the new stadium is built and once it is completed that figure will jump to €20 million.

The PA Team

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