Barcelona must press on with plans to renovate the Nou Camp in order to replenish revenues lost because of the pandemic, insists vice-president Jordi Moix, adding that the £740million project will pay for itself.
The club announced a financing deal with Goldman Sachs on Monday to modernise their iconic but run down stadium and raise its capacity from 99,000 to 105,000.
Should the plan be approved by club members next year, building work can begin by June 2021 and will take around five years to complete.
The announcement came on the same day Barca released a grim set of financial figures, , while its net debt had more than doubled to £440m. Continue reading