Barcelona has obtained funding to begin the regeneration of its Camp Nou stadium and surrounding areas, a project which has been in the works since 2014 but has faced several obstacles.
The club announced on Monday that €1.45 billion ($1.6 billion) has been made available by 20 investors, and assured fans that no club assets were used as collateral and no mortgages were taken out on the stadium. The repayment of the funding will be made in flexible installments over five, seven, nine, 20, and 24 years.
The project, known as the Spotify Camp Nou project and the epicenter for Espai Barca, is a vital part of the club’s economic recovery and future viability, as well as a way to continue its governance model in which over 146,000 Club members are its owners. The club plans to hold a press conference soon to provide further details about the operation.
Although Barca will continue playing at Camp Nou for the rest of the 2022-23 season, they will relocate to the Olympic Stadium in Montjuic for the next season. However, they hope to return to Camp Nou in late 2024.