MADRID : Barcelona are renegotiating the terms of a 1.5 billion euros financial plan with Goldman Sachs to revamp their stadium and may have to repay the debt five years earlier than anticipated, according to a rating agency and a high-level club source.
The original plan represented the only source of funding for the Nou Camp project. Under the amended structure, notes would be issued for 1.3 billion euros, with the remainder of the deal made up of a 200 million euros bank loan maturing in 2028, the KBRA report said. Goldman Sachs has not replied to a request for more information about the ongoing talks and the new terms.
Barcelona have announced that Turkish construction company Limak will carry out the renovation and work will start in June.