Thursday September 28, 2023

Barcelona to Repay $1.6B Stadium Renovation Debt Early

  • Barca will make the final repayment on the renovations in 2047, as opposed to its original deadline of 2052.
  • It could signal the end of a saga that began in early March.
A front view of Spotify Camp Nou.
Spotify
Front Office Sports Today

Bucks Go All-In on Giannis Era

The Milwaukee Bucks altered the NBA by swinging a deal for Damian Lillard.
Listen Now
September 28, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

The negotiations to fund a $1.6 billion renovation of Camp Nou have possibly been settled.

Several Spanish newspapers reported on Thursday that FC Barcelona will repay its debts five years earlier than initially planned as part of a renegotiated financial plan with Goldman Sachs and JP Morgan.

Barca will make the final repayment on the stadium renovations in 2047, as opposed to its original deadline of 2052.

The new plan will carry a 5.5% interest rate, though the club insisted on being able to refinance the loan after five years, once the stadium renovations are complete, to lower the rate.

The club will officially announce the adjusted plan once it’s formalized.

Thursday’s news could signal the end of a saga that began in early March when it was reported that the club was exploring new financing options for the stadium renovation. Later that month, it paused its financial plans as a reaction to rising borrowing costs in the U.S.

FC Barcelona president, Joan Laporta, speaks during a presentation at the Spotify Camp Nou stadium.

Barcelona Could Activate ‘Super’ Economic Lever

One feature would be a 49% sale of Barca Licensing & Merchandising.
March 12, 2023

With that out of the way, the hallowed Spanish club will turn its attention to more pressing matters.

Barcelona is planning to activate a “super lever” to alleviate its financial woes and give it extra capital to spend on players this summer.

However, the club is also still mired in scandal for allegedly bribing a former member of La Liga’s refereeing committee to influence matches on its behalf. Spanish prosecutors launched a formal investigation last month.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Lillard And Giannis Pairing Could Be Big For The NBA, Too

Bucks to be featured on national TV 19 times this season

NHL Backs Unified Women’s League, Though Without Money

Leagues working together on numerous operational components

AAC Commissioner Open To CFP Format Change, Just Not Yet

Mike Aresco is not ready to vote for CFP structure changes.

Will Sports Benefit From New Streaming Alliance?

Advocacy group involves many of sports streaming's largest players
podcast thumbnail mobile
Front Office Sports Today

Bucks Go All-In on Giannis Era

0:00
0:00

Featured Today

BioSteel

BioSteel Bankruptcy Shows Perils of Costly Sports Partnerships

BioSteel spent heavily on partnerships deals before bankruptcy.
Taylor Swift at Chiefs vs. Bears game.
September 27, 2023

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors majority owner Joe Lacob walks alone the baseline during the third quarter against the Los Angeles Clippers at Chase Center.
September 27, 2023

Warriors Owner Reportedly Adding A Bay Area WNBA Franchise

An official announcement could come as soon as early October.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
It would be the most expensive school stadium ever built in Texas if approved.

A $94M High School Football Stadium Coming In Texas?

It would be the most expensive school stadium ever built in Texas.
The toy brand is opening NERF-themed action parks with battle blaster zones, obstacle courses, sports challenges, and retail.
September 22, 2023

Old-School Fun with a Modern Twist, NERF Delivers Playgrounds

Hasbro is launching NERF-themed entertainment venues in Tennessee and New Jersey.
September 21, 2023

FIFA, Kroenke Clash Over SoFi Stadium's World Cup Revenue Sharing

SoFi Stadium's hosting of World Cup matches may be in jeopardy.
Sports Illustrated's first college town resort will open near the University of Alabama in 2025 with a hotel, condominiums, fitness center, and other amenities.
September 21, 2023

Sports Illustrated Expands Its Footprint with College Town Resorts

SI's first sports-themed resort will open in Tuscaloosa, Alabama.
RFK
September 20, 2023

RFK Stadium Bill Advances in Congress

Congress' vote is the first step towards returning the NFL to D.C.
USL Championship side Oakland Roots home soccer field
September 20, 2023

As Sports Teams Exit Bay Area, Pro Soccer Gains Notable Win

The USL club Oakland Roots could be close to building a new stadium.
T-Squared Social joins PopStroke as golf entertainment venues backed by Tiger Woods.
September 20, 2023

Tiger Woods, Justin Timberlake Tee Off Sports Bar in NYC

T-Squared's Manhattan location includes a bowling alley and Full Swing simulators.
A general view of Robert F. Kennedy Memorial Stadium Stadium.
September 20, 2023

Political Support Grows for RFK Stadium Bill

The Commanders exited RFK after the 1996 NFL season for FedEx Field.