Barcelona to go away Camp Nou as a part of renovations beginning in June | Soccer Information

BARCELONA: Barcelona will start renovating their Camp Nou stadium in June after the town council granted a allow for the paintings, which can ultimate 3 years and consequence within the membership transferring to any other venue for the 2023-24 season.
The Catalan membership will play subsequent season’s video games at a virtually full-capacity Camp Nou however will relocate to the Olympic Stadium in Montjuic for the next marketing campaign, membership president ?Joan Laporta introduced at a joint information convention with mayor ??Ada Colau on Thursday.
Barca will transfer again to the Camp Nou in 2024/25 with building paintings ongoing and a 50% potential and Laporta expects the renovations to be finished all over the 2025/26 season.
“Demolition any previous would have supposed having to play the 2022/23 season with simply 50% of potential,” Laporta stated.
“Out of prudence and to minimise dangers and give protection to subsequent season’s source of revenue, we can handle a potential of nearly 100% and continue to demolish the 3rd tier after we pass to Montjuic.”
Barcelona and the Town Council are these days running at the transfer and plan to announce the main points in a couple of weeks.
They’ll wish to agree at the condo value for the stadium, which hosted the 1992 Olympics, in addition to the refurbishment required for a venue that has now not been used steadily for top-level sports activities for a very long time.
The membership additionally introduced that the bidding procedure for the development paintings at the Olympic Stadium has been speeded up, with the mushy opening in July and to be awarded no later than October.
Barca licensed the monetary plans in a referendum ultimate December, together with elevating an extra 1.five billion euros ($1.58 billion) to allow the membership to renovate their Camp Nou stadium and its setting.
Laporta stated ultimate August that the membership’s money owed totalled 1.35 billion euros, 673 million of which is owed to banks.
Goldman Sachs, which had agreed to lend 595 million euros to lend a hand restructure the membership’s debt in August, will finance the stadium revamp underneath a 35-year plan, together with an preliminary five-year grace length.
In March, Barcelona signed a blouse and stadium sponsorship handle audio streaming platform Spotify (SPOT.N).
The emblem will seem at the entrance of the boys’s and girls’s group shirts for 4 seasons from the 2022/23 marketing campaign. The corporate can also be the primary emblem to sponsor the membership’s stadium, that may now be referred to as Spotify Camp Nou.
Neither Barcelona nor Spotify showed the monetary main points of the deal, however in line with Catalan radio station Rac1, the settlement is price 280 million euros ($306 million).

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