Cargiant, QPR Battle To Build Homes Stadium Roof Would Cost Up To $307M Sky To Own 69% Of Sky Deutschland Caterham F1 Carmaker In Administration MP & Silva Renews Serie A Rights Deal Laporta, Board Members To Pay $30M CSD Head Supports EU-Regulated FFP Atlético CEO Praises Third-Party Funds Real Zaragoza Granted Meeting Adidas Shares Up 6% In Early Trading
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/January 21, 2014/Facilities
Barcelona Board Of Directors Proposes $813M Camp Nou Renovation Project
Published January 21, 2014
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
PROJECT TO COST $813.7M: The EFE reported Barcelona's entire project -- including its plans for the Palau Blaugrana and the Espai Barça -- will cost €600M ($813.7M). Barcelona's 20 board members "made the decision unanimously, and following the meeting, they ruled out a new stadium in a different location because of the estimated cost of that project:" €1.2B ($1.6B). The new project -- "named the New Stadium On Current Structure (ENEA), will be completed in four years, with work to run from May '17-February '21." The stadium renovation's estimated cost is €420M ($570M). FC Barcelona is hoping to raise €200M ($271.2M) using "internal financing," another €200M through a loan and €150M ($203.4M) through a commercial sponsorship of the stadium. Barcelona Economic VP Javier Faus "ruled out the stadium no longer being called the Camp Nou, but opened the door to an agreement for a partial naming rights sponsorship" (EFE, 1/20).