The Camp Nou is undergoing a facelift soon

Barcelona FC  have confirmed €1.45 billion in funding for a redevelopment plan of the Camp Nou stadium on 1 June. The stadium which first opened in 1957 and remains the largest in Europe is expected to be fully completed by 2026.  Expectation for annual revenue from new stadium is €247m while capacity will be 105,000 spectators.

Recall that the new Camp Nou model was unveiled  7 years ago. Whilst renovations occur at Camp Nou, Barcelona will be moving to the Olympic Stadium next season and hope to be back at Camp Nou by November 2024, which coincides with celebrations for the club’s 125th anniversary.

“Club assets were not used as a guarantee and a mortgage was not taken out on the stadium, the money is re-payable in different instalments to be paid progressively at five, seven, nine, 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 Camp Nou.” The Blaugrana confirmed in a statement on Monday.

The new stadium will have a retractable roof covered in 30,000 square metres of solar panels. This energy will be used to power the new 360-degree screen that will run around the entire interior of the stadium, as well as various security systems. In another effort to improve the ground’s sustainability, rainwater will also be collected and recycled.

Some of the investors include Goldman Sachs, JP Morgan, Key Capital Partners, Legends, JLL, Perez-Llorca, IPG 360, and DLA Piper.