FC Barcelona has finalized its financing plan for the renovation of its stadium, Camp Nou, with a loan of €1.45 billion (around $1.6 billion) to carry out the works, which will begin on June 1, according to a statement by the Catalan club on Monday. The loan will be injected by twenty investors, covering the cost of the Espai Barça project, the name given to the renovation of Camp Nou and other infrastructure owned by the club. The financing plan, which was approved by 87.8% of the club’s representatives in December 2021, aims to raise a maximum of €1.5 billion for the renovation project. €900 million will be allocated to the Camp Nou renovation, €420 million to the Palau Blaugrana, used for basketball and handball, and €20 million to the Johan Cruyff Stadium, where the Barça B and women’s teams play.
The loan will be repaid in different tranches over 5, 7, 9, 20, and 24 years, with a flexible structure that includes a grace period. The club will start repaying the loan once the stadium works are completed, using the revenue generated by Camp Nou, estimated at around €247 million. The loan will also bear interest rates of 5% to 6%, according to Mundo Deportivo, a sports newspaper in Catalonia.
The loan negotiations involved major international investors, including Goldman Sachs, JP Morgan, and Legends. The works are expected to be completed by June 2026, and in the meantime, FC Barcelona will play its home matches for the 2023–2024 season at the Lluís-Companys stadium in the Catalan capital before returning to Camp Nou with a reduced capacity for the start of the 2024–2025 season.
In its statement, the club also emphasized that the financing plan has been structured without the need for any club assets to be used as collateral or for the stadium to be mortgaged. The club aims to meet the criteria approved in the referendum by the representatives of the club’s members, ensuring the start of the Espai Barça renovation works.