Barcelona is looking at two other possible sources of debt financing that may help meet the costs of the Camp Nou reconstruction and cover revenue shortfalls that have occurred due to the delays.
The decision by club members for another €510 million in lending through a general vote last Saturday has allowed that total amount to be split in two separate funding agreements.
One of the €300 million deals has been said to be via project finance debt, which is backed by the securitisation fund supporting Camp Nou redevelopment. An anonymous Reuter informant says the repayments of the facility will be covered by a revenue stream from the stadium especially from a source income from the new VIP hospitality zones.
That kind of financing will be limited to finishing off the stadium works only and secured against future ticket sales rather than general assets of Barcelona. In their search for investors, potential investors have already been approached, and Goldman Sachs, among others, have played a crucial role in helping finance the deal.
On top of that, Barcelona have lined up a maximum of €210 million in secured loans, backed by future broadcasting rights obtained from LaLiga and UEFA competitions. The loan will be raised over 10 years through the media market, and out of the €210 million, €105 million has already been placed last July. Another €105 million is to be raised by the end of 2026.
After renovation work started in mid-2023, there was a postponement of finishing work. Now, with the deadline set for the project in 2028-29, Barcelona anticipate playing at Camp Nou by January 2028 as their initial date has been shifted.
