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Funds being raised through a private debt issuance, which will be paid back with income from ticket revenues in what is called a waterfall payment structure, the report says. Real Madrid has secured several loans since 2024 to pay for the overhaul of the Bernabeu, with JP Morgan twice agreeing lending terms. The best proof of Endrick's potential, though, is that at only 16 years old he has been signed by Real Madrid in a deal worth 70million. It's a price tag that makes him the most expensive Brazilian ever to join Los Merengues, eclipsing Galactico legend Kaka who signed for 67million (in today's money) in 2009.
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