FC Barcelona has secured a €300m bond deal to fund the remaining redevelopment work at Spotify Camp Nou, marking a significant step towards completing its long-delayed stadium project.
The Spanish club announced on November 13 that it had finalised the financing following approval from Spain’s National Securities Market Commission.
Goldman Sachs served as the sole placement agent for the transaction.
The latest development follows Barcelona’s approval of an additional €510m financing package at its Ordinary General Assembly in September.
The approval allowed the club to raise fresh funds to complete the stadium redevelopment and manage the financial implications of delays to the project.
Of the approved amount, €300m was earmarked for construction work, while the remaining €210m was set aside for operational financing through two Media Notes issuances backed by future audiovisual revenues.
With the completion of the €300m bond issue, Barcelona has secured the construction funding covered by the September approval. However, the separate €210m operational financing arrangement remains distinct.
The development comes amid a rise in the overall cost of the Espai Barça project, which covers the redevelopment of Camp Nou, to approximately €1.8bn, well above the initial budget approved by club members.
The latest borrowing adds to a series of financing arrangements secured by Barcelona to fund the stadium redevelopment, making the project one of the club’s biggest financial commitments.
