FC Barcelona Secure Espai Barça Project Financing
FC Barcelona has secured the financing it requires for its Espai Barça project with work to renovate the Spotify Camp Nou set to get underway.
The Catalan club agreed financing with a total of 20 investors to the value of 1.450 billion Euro, a figure that covers the cost of the works for Espai Barça. The club’s assets were not used as a guarantee and a mortgage wasn’t taken out on the stadium.
The financing is with some of the main prestigious financial entities from around the world and features different instalments to be paid progressively at 5, 7, 9, 20, and 24 years, with a flexible structure, including a grace period.
The club will start to repay the operation once work has been completed on the stadium, using income generated by the Spotify Camp Nou, which is forecast to be around 247 million Euro per year.
FC Barcelona is making progress with its strategic plan and in developing the Espai Barça project, managing to achieve as much flexibility as possible when finding the best proposal in cost and time terms.
Throughout the process, the Board of Directors and the club’s own teams have been joined in their efforts by key partners, such as Goldman Sachs, JP Morgan, JLL, Pérez-Llorca, DLA Piper, Key Capital Partners, Legends, and IPG 360, among others.
The project is seen as essential in keeping FC Barcelona at the forefront of world sport, and is one of the foundations for the club’s economic recovery and future viability.
Image: FC Barcelona
