Barcelona Issues €300 Million in Bonds to Complete Camp Nou Renovation

Barcelona announced a new €300 million bond issue to fund the completion of the Camp Nou renovation. Goldman Sachs managed the sale, which was approved by Spanish financial regulators and voting club members.

The bond proceeds are in addition to the €1.5 billion the club previously borrowed to fund the work. In September, the board had secured approval to borrow €510 million; Barcelona raised €210 million to cover its day-to-day cash needs, then added the new bonds to make up the balance, earmarking them for stadium work.

Barcelona are currently playing their matches at Camp Nou despite construction continuing, after completion of the first and second tiers. Builders are working to finish the VIP boxes and the third tier by the end of the current season, after which work will begin on raising the new roof, a project expected to take several months. The team is therefore likely to return temporarily to the Olympic Stadium in Montjuïc after the season ends.

The club expects to return to a completed Camp Nou in January or February 2028, during the 2027-2028 season. The stadium is scheduled to host the men's Champions League final in 2029, while Barcelona hopes to host the women's final in 2031 and the 2030 World Cup final.