Barcelona put €1.5bn Camp Nou financing on hold

Barcelona have put plans to raise €1.5 billion on hold after learning the terms of the deal, reports Financial Times.

An increase in borrowing costs in the United States has caused the La Liga club to change their minds.

Barca are now weighing up other financing arrangements as they look for funds to revamp their stadium.

The US borrowing cost level has skyrocketed, forcing talks with private investors to stall.

Cash-strapped Barcelona are expected to quickly come up with another way of making the much-needed funds available.

Barca president ​​Joan Laporta wants to refurbish Camp Nou, and it remains top of his plans.

The club need to come up with ways to increase revenues given their current financial woes.

La Liga president Javier Tebas recently revealed that the Catalans may be prevented from signing players this summer.

Barcelona need to balance the books and are already thinking of activating another financial lever.

They are looking to sell between 20-40% of their famous museum to generate funds.

However, their stadium financing is another matter entirely, and they hope to have funding in place by the end of March.

Barca are said to be working to optimise the terms and flexibility of the final financing structure.

Wall Street investment bank Goldman Sachs is the Spanish club’s longstanding partner for their stadium financing.

Real Madrid and Tottenham Hotspur are other clubs that have increased revenues by modernising or building a new stadium.

Barcelona are aware that turning Camp Nou into a multipurpose arena would boost their finances.