Barcelona have lastly secured funding to regenerate Camp Nou and the encompassing areas.
The membership initially introduced renovation plans in 2014, however a number of issues since have meant solely a small a part of the work has taken place.
The undertaking now seems to be set to speed up rapidly upon the completion of the season, nonetheless, with Barca confirming on Monday that 20 traders have made €1.45billion accessible.
Barca assured involved followers that “club assets were not used as a guarantee and a mortgage wasn’t taken out on the stadium”, with repayments set to be made in instalments paid at 5, seven, 9, 20, and 24 years “with a flexible structure”.
FC Barcelona agrees financing for Espai Barça
All the small print: https://t.co/TyUUWwhtz4 pic.twitter.com/7RdUKSU3QT
— FC Barcelona (@FCBarcelona) April 24, 2023
“This operation once again confirms the club’s credibility regarding the Spotify Camp Nou project, the epicentre for Espai Barca,” a press release added.
“The undertaking is crucial on the subject of protecting Barcelona on the forefront of world sport, is without doubt one of the foundations for the membership’s financial restoration and future viability and is a instrument to allow continuation of the governance mannequin, whereby the over 146,000 Club members are its house owners.
“In the coming days the club will hold a press conference regarding the details of the operation.”
While Barca will play out the rest of the 2022-23 marketing campaign at Camp Nou, it had already been confirmed they’re to maneuver to the Olympic Stadium in Montjuic for subsequent season.
Barca reportedly hope to be again at Camp Nou in late 2024.
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