FC Barcelona has completed a €300 million bond issue to fund the remaining construction work on the Spotify Camp Nou, lifting the total cost of the long-delayed stadium redevelopment to €1.8 billion.

. The club confirmed the deal on Friday, November 13, after receiving approval from Spain’s National Securities Market Commission (CNMV). US investment bank Goldman Sachs acted as the sole placement agent.

The bond forms part of a €510 million financing package that club delegates approved at the General Assembly on September 19. Of that sum, €300 million is earmarked for completing the stadium, while the other €210 million will come from media notes backed by future audiovisual revenue. The construction portion passed by 562 votes to 45, with 14 blank ballots and 14 abstentions. The new money adds to the roughly €1.5 billion originally arranged through Goldman Sachs in 2023 under the Espai Barça financing structure, and the club says it will cover both the remaining works and the financial impact of construction delays.

The redevelopment has changed shape several times. Members first approved a €600 million budget in 2014, but the plan was later scrapped, and President Joan Laporta oversaw a revised project of about €1.5 billion after returning to office in 2021. Costs have kept rising since then, and the €1.8 billion figure excludes the proposed 15,000-seat Palau Blaugrana, which is being treated as a separate project. The club is expected to return to the Camp Nou in January or February 2028, with some work continuing beyond that date. Reports from The Athletic put Barcelona’s overall debts above €2 billion, with a possible peak of €2.6 billion depending on repayment schedules.

Once completed, the stadium is expected to become Europe’s largest football venue, with expanded premium seating and hospitality areas designed to lift matchday and commercial income. The Camp Nou is also due to host the 2029 Champions League final and remains a potential venue for the 2030 World Cup.

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