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The membership will relocate to the Olympic Stadium in Montjuic as a consequence of renovation work.
IMAGE: Goldman Sachs, which had agreed to lend 595 million euros to assist restructure the membership’s debt in August, will finance the Camp Nou stadium revamp beneath a 35-year plan, together with an preliminary five-year grace interval. {Photograph}: FC Barcelona/Twitter
Barcelona will start renovating their Camp Nou stadium in June after the town council granted a allow for the work, which is able to final three years and consequence within the membership transferring to a different venue for the 2023-24 season.
The Catalan membership will play subsequent season’s video games at an nearly full-capacity Camp Nou however will relocate to the Olympic Stadium in Montjuic for the next marketing campaign, membership president Joan Laporta introduced at a joint information convention with mayor Ada Colau on Thursday.
Barca will transfer again to the Camp Nou in 2024/25 with building work ongoing and a 50% capability and Laporta expects the renovations to be accomplished through the 2025/26 season.
“Demolition any earlier would have meant having to play the 2022/23 season with simply 50% of capability,” Laporta stated.
“Out of prudence and to minimise dangers and defend subsequent season’s revenue, we’ll keep a capability of virtually 100% and proceed to demolish the third tier after we go to Montjuic.”
Barcelona and the Metropolis Council are presently engaged on the transfer and plan to announce the main points in a couple of weeks.
They might want to agree on the rental value for the stadium, which hosted the 1992 Olympics, in addition to the refurbishment required for a venue that has not been used commonly for top-level sports activities for a very long time.
The membership additionally introduced that the bidding course of for the development work on the Olympic Stadium has been accelerated, with the tender opening in July and to be awarded no later than October.
Barca authorized the monetary plans in a referendum final December, together with elevating a further 1.5 billion euros ($1.58 billion) to allow the membership to renovate their Camp Nou stadium and its environment.
Laporta stated final August that the membership’s money owed totalled 1.35 billion euros, 673 million of which is owed to banks.
Goldman Sachs, which had agreed to lend 595 million euros to assist restructure the membership’s debt in August, will finance the stadium revamp beneath a 35-year plan, together with an preliminary five-year grace interval.
In March, Barcelona signed a shirt and stadium sponsorship cope with audio streaming platform Spotify (SPOT.N).
The model will seem on the entrance of the lads’s and girls’s group shirts for 4 seasons from the 2022/23 marketing campaign. The corporate may even be the primary model to sponsor the membership’s stadium, that may now be referred to as Spotify Camp Nou.
Neither Barcelona nor Spotify confirmed the monetary particulars of the deal, however in keeping with Catalan radio station Rac1, the settlement is value 280 million euros ($306 million).
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