Barcelona has reached an agreement to finance the Espai Barça project to the tune of €1.45 billion, which will cover all necessary works, according to the club’s official website.
The funds will come from 20 investors, including prestigious financial institutions from around the world. “Blue Garnet” will pay off the debt within 5, 7, 9, 20 and 24 years. They will start doing so after completion of the works at the Spotify Camp Nou stadium, using the revenue generated by the facility, which is expected to be around €247m. The club’s property was not used as collateral and the stadium was not mortgaged either.
A press conference on the details of the operation will be held in the coming days.
Espai Barça is a renovation project of Barcelona’s home stadium. In addition, the modernization of the adjacent territory and the construction of new facilities are planned.
