The Spanish side, FC Barcelona are to secure funding to renovate their home stadium, Camp Nou and its surroundings, News About Nigeria gathered.
The club had announced plans for the renovation in 2014, but it was impaired by a number of challenges, with only a small part of the work done.
From the look of things, the project is now set to accelerate quickly upon the completion of the 2022/23 season.
Sources from the club on Monday said 20 investors have committed a combined €1.45 billion, the equivalent of $1.6 billion.
The Catalonians assured concerned fans that the “club assets were not used as a guarantee and a mortgage wasn’t taken out on the stadium while repayments are set to be made in installments over 24 years, with a flexible structure”.
The club noted that the “operation once again confirms the club’s credibility regarding the Spotify Camp Nou project, the epicentre for Espai Barca”.
The statement also added “the project is essential when it comes to keeping Barcelona at the forefront of world sport, is one of the foundations for the club’s economic recovery and future viability.
“It is a tool to enable continuation of the governance model, whereby the over 146,000 Club members are its owners.
“In the coming days, the club will hold a press conference regarding the details of the operation.”
Though Xavi’s men will finish up the remainder of the 2022-23 campaign at Camp Nou, the club already confirmed they are to move to the Olympic Stadium in Montjuic for next season.
Speculations have it that Barcas most likely will return to Camp Nou towards by late 2024.
