Real Madrid president Florentino Perez boasts £500m redesign of Santiago Bernabeu will bring in £100m a season as club release stunning new video

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Real Madrid have published plans for a stunning new redesign of Santiago Bernabeu that will combine the history of the stadium with modern expertise.

The Bernabeu, as it stands today, hasn't been touched since its most recent renovation in 2001.

But club president Florentino Perez has announced new plans for a redesign that will be 'more modern, more secure'.

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Real Madrid have announced new and impressive plans for a redesign of Santiago Bernabeu

The club want to bring the stadium into the modern day to help improve the experience of fans

The stadium will dominate the skyline in Madrid and give the club another stream of revenue

Along with the upgrades, which includes two new towers and a 360 degree screen that will be visible to all fans, there is also scope for a sponsor to purchase the naming rights for the stadium.

'Our plan was approved for the stadium in May 2017 and it is definitive which gives us free rein over the construction,' Perez reporters on Sunday.

'We now have to tender the works and approve the financing proposal.

A video screen housed inside the roof of the stadium will be visual for every supporter

The stadium will be covered with a stunning shell that will add to the exclusivity of the club

'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 euros (£360m) but the modification of the project to comply with new obligations from the Madrid Court of Justice ruling has led to an increase to 525 (£472m) million euros.'

The Real Madrid chief said the redesign would enable the club to create further income streams at a time when borrowing rates are low. 

Perez said: 'Now is the ideal time for it with low interest rates, it is an opportunity we have to the advantage of because in addition, our debt has became negative.

'Our financial strength allows us flexibility and the annual fee of about 25 million euros is less than four per cent of our revenues from last season.

The stadium will keep its current structure but its look will be severely updated

A retractable roof will also be installed so that games can go ahead in any weather

The roof completes the look and again shows the excellent chrome finish around the ground

'The new stadium will also bring us in 150 million euros per season.'

Ultimately, Perez said, the work was to improve the experience of the supporters going to the stadium to watch matches.

He added: 'It will be more modern, more secure. There are two objectives: improving comfort and accessibility for our fans and secondly, to obtain more income,' he explained.

'All locations will have new sears, new services, two new towers in Castellana will allow for better exiting, better access and the movement of fans will be more fluid.

'Technological advances and audiovisual media will be present throughout the stadium as well as a new screen.

'There will be 800 new locations for people with different disabilities and two new club stores, one in Castellana and the other in Padre Damian.' 

The club's museum will also get an updated image with all of the trophies on show for fans