Barcelona approve debt plan for stadium renovation

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Barcelona New Stadium: BARCA debt rising by the day however nonetheless members approve £1.3BILLION Nou Camp renovation: Spanish Soccer membership Barcelona in a referendum on Sunday evening accepted new monetary plans together with a further 1.5 billion euros that may allow the membership to renovate its iconic however languishing Camp Nou stadium and its environment.

Goldman Sachs, which had agreed to lend 595 million euros to assist restructure the membership’s debt in August, will finance the stadium revamp underneath a 35-year plan, together with an preliminary five-year grace interval.

The plan received 87.8% backing from 48,623 individuals, some 44.2% of the membership’s whole members.

Barcelona: European giants Barcelona approve debt plan for Camp Nou stadium renovation

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Barcelona: They voted in favour of elevating extra funds to a debt plan for financing a wide-ranging challenge referred to as ‘Espai Barça’ that was initially deliberate in 2014.

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The membership’s money owed whole 1.35 billion euros, 673 million of which is owed to banks.

The precedence is stadium renovations geared toward having the brand new Camp Nou prepared by the top of 2025 with work beginning subsequent 12 months to increase capability to 105,000, making it Europe’s largest stadium.

El Barcelona desvela planes para la construcción de su proyecto "Espai Barça"
Barcelona New Stadium: BARCA debt rising by the day however nonetheless members approve £1.3BILLION Nou Camp renovation

Barcelona President Joan Laporta stated the membership expects to generate 200 million euros of extra income yearly with the brand new stadium because of sponsorship and naming rights, ticketing, catering, VIP containers, hospitality, conferences and occasions.

The challenge may even contain updating the membership’s infrastructure akin to places of work and the Palau Blaugrana, a multi-sports venue that has confronted a number of fines for not assembly European competitors necessities for basketball video games.

The brand new Palau Blaugrana needs to be accomplished in 2026 and the ‘Campus Barça’ places of work and lodge by 2027.

Barcelona should not the one Spanish giants who’ve plans to renovate their iconic stadium, their fierce rivals Actual Madrid have already began the renovation of their historic Santiago Bernabeu stadium and the renovation is predicted to be accomplished round November of subsequent 12 months.



Barcelona: European giants Barcelona approve debt plan for Camp Nou stadium renovation

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