Joan Laporta master play for the economy of Barcelona. The Culé President achieved a credit improvement of the Debt of the Barca that will allow him to start paying five years later the debt by the Barça space. Thus, Barcelona has closed a bond issuance for a value of 424 million euros that will allow the Catalans a greater margin of maneuver.
In collaboration of Goldman Sachs -the usual financial agents of the club -a total of 424 million euros of debt used for the construction of the new spotify Camp Nou has been reconverted with the same existing financial structure. A debt that initially won in 2028 and that will now begin to return in 2033 and will finish paying in 2050.
According to the club chaired by Laporta, The average cost of the refinanced amount amounts to 5.19 percent And this operation shows the “strong demand” that the club is capable of generating among financial investors, as well as the “positive trend” in the economic situation of the entity, reducing the risk premium almost halfway with respect to the initial operation issued in 2023.
«The club not only meets the necessary steps to guarantee a gradual and staggered return of the debt related to Espai Barçto -as approved in Referendum and in the Ordinary Assembly of Compisitarians and Compisrians -but also advances to the planned Calendar of refinancing through this operation ”, highlights the entity.
In this context, they say from Barcelona that the closure of this operation is One “more sample” of the statement recently issued by the Morningstar Dbrs Rating Agencyconfirming the evolution of the “stable” to “positive” qualification, reflecting the “economic recovery of FC Barcelona and the ability of the entity” to fulfill its obligations with the creditors.
In April 2023, the Club announced the closure of the financing of Espai Barça, guaranteeing the start of the remodeling works of the spotify Camp Nou and complying with the criteria approved in the referendum, without a patrimonial guarantee of the club or mortgage of the stadium, as well as without any cost for the partners and partners. This operation was carried out with a total of 20 investors and for a value of 1,450 million euros.
In this context, the financial structure already closed from the beginning contemplates different sections to 5, 7, 9, 20 and 24 years, refinancing and with a flexible structure that includes a period of lack. The club will begin to return the operation once the stadium works are finished, With the income generated by the Spotify Camp Nou, which is expected to be approximately 247 million euros, according to Laporta estimates.
