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Barcelona Members Approve €300 Million to Finish Spotify Camp Nou Renovation

Repayments will be secured against new stadium income prioritized for investors, with no extra member payments or direct cuts to sporting budgets.

Overview

  • Club members voted on Saturday to authorize an extra €300 million as part of a €510 million package that raises stadium-related financing to about €1.8 billion.
  • The package includes €210 million in media-backed notes validated by Goldman Sachs and a consortium of institutional investors to cover liquidity pressures from delays.
  • Treasurer Ferran Olivé set out a phased timetable that keeps the team at Camp Nou for the 2026/27 season, moves matches to Montjuïc from June 2027 to January 2028 for roof installation, and aims for full 105,000 capacity in 2028/29.
  • The club says cost overruns stem from a far bigger scope of work, higher steel and material prices, labor shortages and extra rent costs from temporary relocations, and that the first €120–130 million of annual stadium income will be ringfenced for investor repayments.
  • UEFA has awarded Camp Nou the 2 June 2029 Champions League final, creating a clear deadline for completion and making the stadium’s revenue plan central to Barcelona’s wider financial recovery.