Spanish LaLiga football club Real Madrid is reportedly set to begin work on the renovation of its Santiago Bernabeu stadium before the end of the year.

Spanish newspaper Marca reported that club president Florentino Perez will later this month ask members for permission to obtain credit to cover the costs of the project.

According to Marca, this meeting will take place on September 23, after which point the long-awaited renovation work will begin. Marca said the project would last between three and four years.

Real Madrid was last summer granted full approval to redevelop the 81,000-seat stadium, which is expected to cost approximately €400m.

Planned improvements include the installation of a retractable roof and the construction of an on-site shopping centre and hotel. Other features will include a 360-degree scoreboard.

The capacity of the stadium is not set to increase despite the wide-ranging renovation work.

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