Barcelona to leave Camp Nou as part of renovations from June | Soccer News

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BARCELONA: Barcelona will start renovating their Camp Nou stadium in June after the city council granted a permit for the works, which will take three years and lead to the club moving to another venue for the 2023-24 season.
The Catalan club will play next season’s matches at a near-full Camp Nou but will move to the Montjuic Olympic Stadium for the following campaign, club president Joan Laporta announced in a joint press conference with the mayor, Ada Colau.
Barca will return to Camp Nou in 2024/25 with ongoing construction works and 50% capacity and Laporta expect the renovations to be completed in the 2025/26 season.
“An earlier demolition would have meant having to play the 2022/23 season with only 50 per cent capacity,” Laporta said.
“Out of an abundance of caution and to minimize risk and protect next season’s revenue, we will maintain virtually 100% capacity and demolish the third tier when we go to Montjuic.”
Barcelona and the city council are currently working on the move and plan to announce details in a few weeks.
They will have to agree on the cost of renting the stadium, which hosted the 1992 Olympics, as well as the necessary renovation of a site which has not been used regularly for high level sport for a long time.
The club also announced that the tender process for the Olympic Stadium construction works has been accelerated, with the tender opening in July and due to be awarded no later than October.
Barca approved the financial plans in a referendum last December, including raising an additional 1.5 billion euros ($1.58 billion) for the club to renovate its Camp Nou stadium and surrounding area.
Laporta said last August that the club’s debts amounted to 1.35 billion euros, of which 673 million were due to banks.
Goldman Sachs, which agreed to lend 595 million euros to help restructure the club’s debt in August, will finance the renovation of the stadium under a 35-year plan, including an initial grace period of five years.
In March, Barcelona signed a shirt and stadium sponsorship deal with audio streaming platform Spotify (SPOT.N).
The brand will appear on the front of both men’s and women’s team shirts for four seasons starting with the 2022/23 campaign. The company will also be the first brand to sponsor the club’s stadium, which will now be called Spotify Camp Nou.
Neither Barcelona nor Spotify have confirmed the financial details of the deal, but according to Catalan radio station Rac1, the deal is worth 280 million euros ($306 million).



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