Barcelona announced (Nov. 13) that it had completed a €300 million bond issue to finance the renovation of its stadium, “Camp Nou.” It was reported that Goldman Sachs managed the transaction on behalf of the Spanish club, while the National Securities Market Commission approved the transaction.
The additional funding, on top of the 1.5 billion euros that had already been approved initially, will allow for the completion of the renovation of the soccer stadium, which will have the largest capacity in Europe (104,600 seats).
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
Barcelona has also secured 210 million through senior debt financing. The additional funding will cover cash flow shortfalls resulting from increased construction costs.
The plan calls for the full completion of the Barcelona stadium in the first half of 2028, following the installation of the roof in the summer and fall of 2027. Camp Nou has already been selected by UEFA to host the 2029 Men’s Champions League final, and is bidding to host matches for the 2030 World Cup, as well as the 2031 Women’s Champions League final.
*photo source: fcbarcelona.com
