Atlético Madrid-City Council Sports City pact

Article posted by Coliseum, August 16^th, 2022

Image: Atletico Madrid

The Madrid City Council (Spain) has finally reached an agreement with the LaLiga football club Atlético de Madrid on the new Sports City project which will skirt the top-flight’s home ground – Civitas Metropolitano.

‘LIBREMERCADO’ stated that the above development will include various facilities such as a mini-stadium for 6,000-8,000 spectators, several soccer fields and dozens of paddle tennis courts.

Club Atlético de Madrid, S.A.D., known simply as Atleti in the Spanish-speaking world and commonly referred to at the international level as Atlético Madrid, is a Spanish professional football club based in Madrid that plays in LaLiga. The club play their home games at the Cívitas Metropolitano, which has a capacity of 68,456.

The 68,456-capacity Metropolitano Stadium, also referred to as Cívitas Metropolitano for sponsorship reasons, is a stadium in Madrid, Spain. It has been the home stadium of Atlético Madrid since the 2017-2018 seasons. It is located in the Rosas neighborhood in the San Blas-Canillejas district.

‘LIBREMERCADO’ further stated that the plots where the project is going to be developed are owned by the municipality, but the Mayor of Madrid, José Luis Martínez Almeida, has reached an agreement with Atlético de Madrid so that the ‘Los Rojiblancos’ also open up their purse strings alongside the company Civetas Pacensis, which recently entered into a naming rights partnership with the LaLiga club.

As per the agreement reached with the City Council, the tab of the Sports City will be picked up both by ‘Los Rojiblancos’ and Civetas Pacensis. Part of the works will be financed with the money contributed by the CVC fund to LaLiga Impulso.

LaLiga and global investment fund CVC signed a strategic agreement on December 12^th last year setting in motion Boost LaLiga (‘LaLiga Impulso’), the project to boost the global growth of LaLiga and its clubs.

Three of the five plots will be transferred to Atlético de Madrid for a period of 75 years, while the remaining two will be dedicated to the construction of the new sports facilities which the residents of Madrid will be able to access, among which is an athletics stadium, three soccer fields, an indoor track, four sports centers, and four paddle tennis courts.

The ‘Los Rojiblancos’ will finance the entire exercise of connecting the space with M-40 through two new exit routes and a new service road that will help ease the traffic snarls rampant in the area as major acts are held in that particular zone. In total, Atlético de Madrid will invest 54 million euros in the first phase of the Sports City construction project.

Three plots have been allotted to Atlético de Madrid where a high-performance center, six soccer fields and even an artificial beach where surfing classes will be taught will come up. A hotel, shopping area and data center will also come up apart from the above mentioned mini-stadium, several soccer fields and dozens of paddle tennis courts.

The team chaired by Enrique Cerezo will ensure that the Sports City development will keep the cash registers jingling for the next 75 years in which another 150 million will be invested, until the total capital injection on the development exceeds 200 million with the canon that the team will pay an annual sum to the local corporation.

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