The membership stated in a press release that the cash got here from agreements with 20 traders who can be repaid over durations of between 5 and 24 years. Barcelona stated it might begin repaying the loans when the work was accomplished.
Along with the soccer stadium, the plan, dubbed ‘Espai Barça’, consists of spending on different membership amenities. It consists of 420 million euros for the Palau Blaugrana, residence to the membership’s basketball and handball groups, and 20 million euros for the Johan Cruyff stadium, the place the lads’s and ladies’s soccer reserves play.
The membership stated it anticipated building on the Camp Nou to be completed by 2026. The boys’s first workforce will play on the Montjuic Olympic stadium earlier than returning within the 2024-25 season to a Camp Nou that’s not but full.
Barcelona is emulating its predominant Spanish rivals, Actual Madrid, which started the most recent renovation of its Bernabeu Stadium in 2019.
The membership is popping out of a monetary gap that led to losses of 481 million euros in 2020/21 that led to the departure of the membership’s all-time high scorer, Lionel Messi.
The membership raised round 750 million euros final summer season with the sale of 25 % of its LaLiga tv rights for the subsequent 25 years and 49 % of its Barça Studios.