Barcelona Increase 1.45 Billion Euros for Camp Nou Rebuild Venture ‘Espai Barca’

Barcelona stated on Monday that they had secured 1.45 billion euros ($1.6 billion) in funding for a redevelopment plan and would begin the renovation of the Camp Nou stadium on June 1.

The membership stated in a press release that the cash had come from offers with 20 traders who would obtain reimbursement over durations of between 5 and 24 years. Barcelona stated they might begin paying again the loans when the work was accomplished.

Along with the soccer stadium the plan, referred to as ‘Espai Barca’, consists of spending on different membership services. It consists of 420m euros earmarked for the Palau Blaugrana, house of the membership’s basketball and handball groups, and 20m euros for the Johan Cruyff stadium the place the boys’s reserve and ladies’s soccer groups play.

The membership stated they anticipated the work on the Camp Nou to be accomplished by 2026. The lads’s first group will play on the Olympic stadium on Montjuic earlier than returning within the 2024-25 season to a Camp Nou not but at full capability.

Barcelona are emulating their principal Spanish rivals Actual Madrid who started the newest renovation of their Bernabeu Stadium in 2019.

The membership is rising from a monetary gap which led to losses of 481 million euros in 2020/21 which led to the departure of the membership’s all-time main scorer Lionel Messi.

Final summer time the membership raised round 750 million euros by promoting 25 % of their La Liga tv rights for the subsequent 25 years and 49 % of its Barca Studios.

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