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Barcelona defender Gerard Pique ‘keen to assist finance renovation of the Nou Camp’

Barcelona defender Gerard Pique ‘willing to help finance renovation of the Nou Camp’ after plans to extend its capacity stalled following the club’s £88m loss during the coronavirus pandemic

  • Gerard Pique is willing to help finance the redevelopment of the Nou Camp
  • Barcelona’s plans to upgrade their stadium have stalled during the pandemic 
  • The Catalans reported a loss of £88m while their net debt also doubled
  • Pique has history in generating business deals for the LaLiga side

Gerard Pique is reportedly willing to help finance the renovations of Barcelona‘s Nou Camp stadium after the club lost £88million as a result of the Covid-19 pandemic.

The idea to redevelop the ground by increasing its capacity to 105,000 was first proposed in 2014 when the club’s budget was £542m, but the estimated final cost is as much as £740m. 

Barca’s finances have taken a huge hit during the coronavirus pandemic and Radio Marca report that long-serving defender Pique has offered to act as an intermediary between the club and other companies willing to fund the project and also shown an interest in outsourcing projects.

Gerard Pique is reportedly willing to help finance the redevelopment of the Nou Camp

Gerard Pique is reportedly willing to help finance the redevelopment of the Nou Camp

Barcelona's plans to renovate their iconic stadium have stalled during the Covid-19 pandemic

Barcelona’s plans to renovate their iconic stadium have stalled during the Covid-19 pandemic

Pique has history in generating business for the Catalans and played key role in the current sponsorship deal with Rakuten. 

Goldman Sachs are in charge of financing the project, which the club predict will generate an income of £150m per year. 

Barca’s money troubles have been well documented with their latest figures showing a huge £88m loss as well as a net debt that has doubled to more than £440m.

The club’s revenues were down 19 per cent from the previous year, by £123m, as fans have been unable to attend matches due to Covid-19 safety measures.

Barca have been hit hard by the coronavirus pandemic with a financial loss of £88million

Barca have been hit hard by the coronavirus pandemic with a financial loss of £88million

Barca have also been hurt by the huge drop in tourism in the city, which has affected its income from its museum, which usually receives 1.2 million visitors per year, and from merchandising.  

Last month vice-president Jordi Moix insisted the club must press on with their plans to renovate the stadium. 

According to Moix, the redevelopment of the ground and surrounding area, known as Espai Barca, has been made more urgent by the pandemic, adding that the project would eventually pay for itself. 

‘Espai Barca is needed more than ever because of Covid,’ Moix said.

Vice president Jordi Moix says Barca must press on with plans to renovate their stadium

Vice president Jordi Moix says Barca must press on with plans to renovate their stadium 

‘It’s a way to re-engine the economy of the city and the club and generate new revenues, but we have to put that investment in.’ 

‘We have a stadium where nothing new has been done since 1982, so there is a bunch of activities and potential revenues that we don’t have now in the stadium that will be generated in the new one,’ Moix explained.

‘So we agreed a scheme where Goldman has the right to be paid as a guarantee for the repayment on those revenues year-by-year.’

It is hoped work on the stadium will begin in January 2021 with the estimation it will take five years to complete.


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