Barcelona secure €1.45billion funding for Camp Nou renovation

camp-nou

The ‘Espai Barca’ project, which will encompass the renovation of Camp Nou, now has its funding to the tune of €1.45billion.

Barcelona have finally secured funding to regenerate Camp Nou and the surrounding areas.

The club originally announced plans for the renovation in 2014, but a number of problems since then mean that only a fraction of the work has taken place.

The project now looks set to accelerate rapidly once the season is over, however, with Barca confirming on Monday that 20 investors have made €1.45 billion available.

Barca assured worried fans that “club assets were not used as collateral and the stadium was not mortgaged”, with installments to be paid over five, seven, nine, 20 and 24 years. flexible structure”.

“This operation reaffirms the club’s credibility regarding the Spotify Camp Nou project, the epicenter of Espai Barca,” the statement added.

“The project is essential in terms of keeping Barcelona at the forefront of world sport, is one of the foundations of the club’s economic recovery and future viability, and is instrumental in enabling the continuation of a management model in which the club’s more than 146,000 members are its owners.”

“In the coming days, the club will hold a press conference on the details of the operation.”

While Barca will play the remainder of the 2022-23 campaign at the Camp Nou, it has already been confirmed that they will move to the Olympic Stadium in Montjuic for next season.

Barca are reportedly hoping to return to Camp Nou at the end of 2024.

Leave a Reply

Your email address will not be published. Required fields are marked *