FC Barcelona has made a new strategic financial move. This time, Espai Barça is the protagonist for an economic transformation, led by president Joan Laporta.
In this sense, the Blaugrana club stated in a statement that it closed a bond issue for the sum of 424 million euros. This will allow refinancing more than 40% of the debt related to Espai Barça.
Thus, the Azulgrana entity's move comes before its return to the new Spotify Camp Nou (under construction), in which the match for the Joan Gamper Trophy is scheduled to be played on August 10.
The club also commented that, in collaboration with Goldman Sachs, through the existing financial structure, it will begin to pay the debt in 2033 and managed to extend its maturity until 2050.
Initially, the time to pay the debt expired within three years (2028), so from now on, Barça will have 25 years to finish canceling the corresponding money.
It is important to mention that this guarantees the continuity of the works at the Camp Nou, in addition to showing Barça's commitment as an entity in relation to responsible economic management.
This refinancing does not affect Financial Fair Play
According to recent information, this movement would not generate any news on the issue related to Financial Fair Play or the salary limit.
It should be noted that Barcelona points out that they are working under all the corresponding parameters to avoid sanctions that could harm the entity.
Likewise, the financing of Espai Barça was approved in April 2023, thus guaranteeing the start of works at the Spotify Camp Nou. In addition, the operation was achieved with a total of 20 investors and for the value of €1,450M.
Barça also stated in the statement that the financial structure includes tranches at 5, 7, 9, 20 and 24 years, in a refinanciable manner and with a flexible structure.
Laporta assures that they are working to be governed by the 1:1 rule
In this order of ideas, President Laporta has already commented that the Blaugrana institution was carrying out the work to operate under this rule, of which he highlighted that the club was under the same in the winter market.
"We are working to be in the 1:1 rule. We were already in it in the winter market. All the steps have been taken to be able to sign normally, so as not to be economically intervened by 'fair play' as happened until the winter.”