Florentino Perez Lets Slip Planned New Name for Real Madrid's Bernabeu Stadium

Gianni Verschueren@ReverschPassFeatured ColumnistNovember 19, 2014

Real Madrid's President Florentino Perez speaks during a news conference at the Santiago Bernabeu stadium in Madrid, Spain, Tuesday, Nov. 18, 2014.  Real Madrid says it has reached a sponsorship deal with American software giant Microsoft.(AP Photo/Paul White)
Paul White/Associated Press

Real Madrid president Florentino Perez was caught on camera revealing a possible name-change for the Bernabeu Stadium at a presentation on Tuesday, as reported by AS.

Speaking to Lucia Figar, the Minister of Education and Sports of the Community of Madrid, cameras from El Chiringuito de Neox overheard Perez saying: “We will put IPIC Bernabeu or whatever they want…or Cepsa Bernabeu."

MADRID, SPAIN - NOVEMBER 04:  The teams warm up prior to the UEFA Champions League Group B match between Real Madrid CF and Liverpool FC at Estadio Santiago Bernabeu on November 4, 2014 in Madrid, Spain.  (Photo by Gonzalo Arroyo Moreno/Getty Images)
Gonzalo Arroyo Moreno/Getty Images

IPIC, or International Petroleum Investment Company, is a company from Abu Dhabi which entered an agreement with Los Blancos in October.

The agreement is seen as pivotal as the club attempts to revamp the stadium, with the company financing part of the new-look ground and receiving the naming rights upon completion.

Real have been planning a massive redevelopment of their current stadium for years, with the timetable to start the new project set for 2016, as reported by CNN's Piers Edwards.

The Spanish courts are yet to sign off on the plans, however, with the club still being investigated for possible state aid, per Edwards' report.

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Perez's comments to Figar appear to indicate Santiago Bernabeu will remain a part of the stadium's name, a gesture the fans will surely appreciate. The iconic venue has carried the name for almost 60 years, in honour of the team president who transformed the club into the global superpower it is today.