Barcelona members approved a financing package of one and a half billion euros to renovate the Camp Nou, the stronghold of Barca, and its related facilities and facilities.
The Catalan club indicated - in a statement - that the funds will help renovate the stadium, which was established 64 years ago, and is the largest stadium in Europe, with a capacity of 105,000 spectators, as well as indoor stadiums and other facilities.
And participated in the referendum on the project, about 84,000 members out of 110,000 eligible to vote, and the result came with the support of about 88% of those who voted, funding the project known as "ESPI Barcelona".
Note that the club is owned by its 137,000 members.
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The project allocates 900 million euros for the renovation and modernization of the iconic stadium, and the rest of the amount will go to the renovation of facilities and facilities, the stadium "Johan Cruyff" and the sports city.
The club expects to generate €200 million in revenue annually, with ESPY Barcelona generating income from events and events, sponsorship, name rights, VIP booths, ticket sales and catering services.
In the event that Barcelona obtains financing and a business license this season, construction and renovation should begin in the summer of 2022, with the completion of the renovation of the stadium to be ready for opening in the last quarter of 2025, according to the administration’s agenda.
It is noteworthy that the facilities of the "Camp Nou" stadium have reached a dilapidated state, a situation that has forced the club to fund regular maintenance and pay fines for non-compliance with European regulations.