Atletico Madrid is mulling a plan to create a football city. The proposed city with eight football fields, training facilities and a mini-stadium will come at the investment of € 59.6 million ($65.7 mn).
The project, to come up next to Wanda Metropolitano Stadium in Madrid, may start as early as next year and shall be ready in four years by 2024, Spanish publication Palco23 has reported.
The Madrid City Council, showing a keen interest in the project, has reportedly given a nod to the ambitious sports facility that will be the spread across 42,000 square meters and have facilities like the football fields, training arena, mini-stadium, and restaurant.
Atletico, according to the report, will bear all the costs and have absolute control over the property. The funds should not be an issue as Atletico already has lucrative naming rights deal with Wanda Group, which had in 2015 and 2018 financed the Madrid club’s training facilities with € 15 million and € 47 million respectively. The Chinese conglomerate gets naming rights in lieu of financial considerations.
Atletico de Madrid has reportedly also raised about € 182 million from the sale of the site for its previous address, the Vicente Calderon Stadium.
The Municipal authorities sanction will have a mandatory clause that the mini-stadium must have 6,500 seats in order to host European level youth championships and second division games.
The plan reportedly also includes facilities for other disciplines within the facility and the club will look to partner with other operators for that expansion. The proposed additional facilities may include an athletic stadium, although smaller than the newly remodeled Vallehermoso, and an area with tennis, basketball, paddle and volleyball courts. Plans for an aquatic center though have been spiked.