Atletico have reached an agreement with Madrid's city council regarding the construction of a sports centre around their stadium. The plots of land on which the Sports City is to be built belong to the local council, but officials have agreed to lease them to the club for a period of 75 years.

In July, we reported that the Madrid club had entered into a sponsorship agreement with Civitas property development company, under which 'Los Indios' home ground would be renamed Civitas Metropolitano. The partnership will run for 10 years. The new sponsor is also to be responsible for the construction of a training centre called the Sports City, which will be located on the grounds around Atletico's arena.

© Marian Alvaro

Also in July, the Spanish capital's authorities gave the green light to the entire investment, but the finalisation of the agreement dragged on until mid-August. The deal involves the city handing over five plots of land to the club. The Sports City will be built on three of them, which Atletico will use for 75 years.

It will feature a small stadium with an auditorium for 6,000 people, which will serve the women's section and the reserve team, as well as six training pitches for the senior and academy teams. In addition, there will be a fitness centre, dozens of paddle courts and even an artificial beach where surfing lessons will be given. A commercial area is also part of the project, in which there will be retail facilities and a hotel.

"Los Rojiblancos" will also fund a project to connect the Sports City to the M-40 motorway through two new exit roads and a new service road, which will help reduce the traffic congestion in the area. The first phase of the development will cost Atlético €54 million.

© Alberto Molina, Atlético de Madrid

The remaining two plots of land will be used for the construction of new sports facilities available to the people of Madrid. An athletics track, two football pitches, as well as 7-a-side ones, paddle courts and four indoor courts are to be built there.

The cost of the entire investment is estimated at €200 million, which Atletico will have to provide. Part of the money will come from the 'LaLiga Impulso' agreement that Spain's top division has entered into with investment fund CVC. The project aims to boost the growth of LaLiga's global brand and its clubs. Construction work on the entire complex is expected to take between three and four years.

Meanwhile, check out where Atletico's venue ranks in our ranking of 2022/23 LaLiga stadiums: