Real Madrid release amazing footage of how the new Santiago Bernabeu Stadium will look after renovations
Florentino Perez, the club's president, said he hopes work on improving the ground can begin at the start of 2019
Real Madrid have unveiled plans for an amazing renovation of their Bernabeu home.
Once completed, the shiny new stadium will have a retractable roof, though there will be no increase to its current 81,044 capacity.
Real's president, Florentino Perez said there are two objectives. One is to improve comfort and accessibility for fans and secondly, to make a load more money.
"Our plan was approved for the stadium in May 2017 and it is definitive which gives us free rein over the construction," he told a club members' assembly.
"We now have to tender the works and approve the financing proposal.
"We hope that work can start at the beginning of next year and it is estimated that it will take three-and-a-half years to complete.
"The cost was to be €400 million but the modification of the project to comply with new obligations from the Madrid Court of Justice ruling has led to an increase to €525m."
Perez also said the new look stadium would bring in an extra €150m a season.
Opened in 1947, it was renamed in 1955 from the Chamartín Stadium to the Santiago Bernabéu Stadium in honour of the club's former president.
The renovated ground will have a retractable roof, as shown in a video from the club's YouTube channel.
Real, Champions League winners for the last three seasons, have already made £100m by selling Cristiano Ronaldo to Juventus in the summer.
