Barcelona announces 1450 million to remodel Camp Nou

FC Barcelona announced this Monday that it had closed the financing framework for “Espai Barça”, a project to refurbish the Camp Nou stadium and surroundings, for an amount of around 1.450 million euros.

In a statement, Barça, leader of the Spanish League, reports on the completion of the funding collection phase, with a total of 20 investors, including “some of the main financial institutions of international prestige”.

The amount covers the total costs of works and has flexible payment “tranches” of five, seven, nine, 20 and 24 years, with the Catalan emblem starting to pay as soon as the works are finished.

Work should start in the summer, which obliges the main men’s football team to play at the Luís Companys Olympic Stadium until November 2024, when the renovated stadium will be completed, as the “touchstone” of a project handed over to the Turkish construction company. Limak.

The judicial investigation into millionaire payments to the former vice-president of the Technical Committee of Referees, José María Enríquez Negreira, ended up delaying the announcement of the agreement, in a case “unblocked” by conversations between the president of Blaugrana, Joan Laporta, and the leaders of UEFA and Spanish League.

The “Espai Barça” project started in 2014, when it was approved by the partners, and since then there have been many intermediate stages, from the agreement with the Barcelona municipality to the demolition of the Miniestadi, followed by the construction of the Johan Cruyff Stadium, inaugurated in 2019 .

The covid-19 pandemic and the election of Joan Laporta, replacing Josep Bartomeu in 2021, delayed advances, with the partners re-approving the decision in the General Assembly, with the price already revised upwards.