Fc Barcelona set to loan €800m for Camp Nou renovation

Fc Barcelona set to loan  €800m for Camp Nou renovation

The Catalans hope the 'new Camp Nou' would pay for itself as the loan must be returned in twenty years.

Private investment bank Goldman Sachs are currently in talks with Barcelona over €800m loan, according to Spanish media outlet Cadena SER.

The news was first broken by the Catalans' ex-president Joan Laporta who demanded an explanation from the current board.

Goldman Sachs are planning to finance the renovation of the Camp Nou stadium, the so-called 'Futur Camp Nou'

The loan must be returned in twenty years and all the partners must approve this decision first.

The club expect the 'Futur Camp Nou' would pay for itself through the naming rights and luxury boxes.

Not every board member is in favour of this decision as there are some fears that club president Josep Maria Bartomeu simply needs to balance the books, taking out such a hefty sum.

Moreover, the initial budget for the whole project, including other amendments, was set at just €685million.

The 'Futur Camp Nou' is expected to have 105,000 seats, a modern roof and plenty other improvements and innovations. Follow us on Twitter and on Facebook
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