Barcelona raise €300m bond to complete Camp Nou redevelopment

Barcelona has bolstered its financing for the redevelopment of Camp Nou by issuing a €300 million bond, bringing the total construction costs to approximately €1.8 billion. The Spanish club secured approval from Spain’s National Securities Market Commission (CNMV) on November 13, with Goldman Sachs acting as the sole placement agent.

This latest financing comes after Barcelona approved an additional €510 million at its Ordinary General Assembly in September, with €300 million allocated to stadium construction and €210 million for operational financing through two Media Notes. The comprehensive project, which initially received approval in 2014, now encompasses an expanded scope, including VIP facilities, a larger museum, improved 5G connectivity, and advanced building management systems.

However, repeated delays have pushed the expected completion date beyond the initial summer 2026 target, affecting Barcelona's financial projections as it waits for increased matchday and hospitality revenues.