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Barcelona secure €1.45 bn for Camp Nou renovation

 

 

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

The club initially announced renovation plans in 2014, but a host of problems since have meant only a small part of the work has taken place.

The project now looks set to accelerate quickly upon the completion of the season, however, with Barca confirming on Monday that 20 investors have made €1.45 billion ($1.6 billion) available.

Barca assured concerned fans that “club assets were not used as a guarantee and a mortgage wasn’t taken out on the stadium”,

Repayments are set to be made in instalments paid at five, seven, nine, 20, and 24 years “with a flexible structure”.

“This operation once again confirms the club’s credibility regarding the Spotify Camp Nou project, the epicentre for Espai Barca,” a statement added.

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