Barça seeks up to 300m euros to finish Spotify Camp Nou

FC Barcelona has added to the agenda for its Ordinary General Assembly on Saturday 19 September a request to its members to expand a credit line in order to finish the Spotify Camp Nou works. As the club states, the amount it will ask for would be up to 300 million euros.

The club explains this would be an additional issue compared with the 1,500 million euros initially approved, and it also provides financial details such as the starting cost and spreads across tranches (between 256 and 446 basis points), plus an extra coupon for one of the segments. It also notes that there is no mention of the new Palau Blaugrana in this item.

What is being voted on

Barça says the stadium is still under construction and that this funding is needed to tackle the final phase. The club also insists it has already carried out refinancing moves “without increasing the total amount”, aiming to make repayments more evenly distributed.

Debt structure and timeline

In its presentation to the assembly, Barça puts the current average cost at 6.15% and the spread of the most recent operations at 242 basis points. Regarding its debt, it says it is maintained through a Securitisation Fund, which buys collection rights tied to revenue streams linked to operating the Spotify Camp Nou.

The club further clarifies how income will be allocated while construction ends and until certain financial targets are met: first, money goes to debt service, and any surplus would be returned to the club. Repayments would be spread across up to 30 years, with the possibility of refinancing during that maximum period.

Finally, Barça expects Goldman Sachs to structure the deal, which it says would be closed with long-term institutional investors, as detailed in the documentation for the assembly, according to Mundo Deportivo.