After securing $1.6 billion in debt financing for its Espai Barça project earlier this week, FC Barcelona has clarified how it will pay it back.
The Spanish club is set to pay $104 million per year starting in 2026 once the renovations to Camp Nou are complete.
When the bulk of construction begins in June, Barcelona will play its matches in the city’s Estadi Olimpic — which will temporarily generate lower ticket revenue because its capacity is 40% less than Camp Nou’s.
“It fulfills a dream at Barça, as we are going to have the best stadium in the world,” club president Joan Laporta said.
Espai Barça will also cover construction of the new Palau Blaugrana arena, which will host other sports like basketball and handball.
Barcelona raised $413 million through a bank loan and the rest of the $1.6 billion through private placements from 20 international investors.
Though the finances surrounding Barcelona’s stadium rebuild seem secure, the team is still trying to save money elsewhere.
As a cost-saving measure, the club is not extending its deal with Spanish telecommunications company Telefonica, which manages in-house television channel Barça TV.
The channel, which has been in operation since 1999, will officially cease operations on June 30, eliminating over 100 jobs in the process. The move is expected to save the club $14 million per year.