Camp Nou | Barcelona closes financing for the new Camp Nou

Simulation of the future ‘Espai Barça’.

He Barcelona Soccer Club has closed the financing for the future ‘Espai Barça’, which includes the remodeling of the Camp Nou. Total, €1.5 billion in corporate bonds for works that will imply the transfer to the Olympic stadium Lluís Companys. According to ‘El Confidencial’, the agreement was closed yesterday Wednesday in Barcelona, ​​shortly before the Cup Clásico at the Camp Nou, with representatives of the US investment bank Goldman Sachs. Also JP Morgan has piloted a financing plan, with variable conditions depending on each investor, crucial for the future of the Barça club.

In a turbulent macroeconomic moment, also in the Barça ecosystem due to the Negreira case, the fixed interest has been 6%, although the club hopes to renegotiate it from the fifth year, with 24-year repayment period and without mortgaging the field, according to the aforementioned medium. Thus, an agreement has been closed that seemed to have to be announced last week.

The works are to begin in the summer by the Turkish construction company Limak, which prevailed over other companies with more experience in the sports arena construction sector. As reported by the board, the fact that she promised that she would meet the deadlines set by the club, returning to the Camp Nou in November 2024, gave her a higher score than the rest of the competitors.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *