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Barcelona Raise 1.45 bn Euros For Camp Nou Rebuild

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Barcelona said on Monday they had secured 1.45 billion euros ($1.6 billion) in funding for a redevelopment plan and would start the renovation of the Camp Nou stadium on June 1.

The club said in a statement that the money had come from deals with 20 investors who would receive repayment over periods of between five and 24 years. Barcelona said they would start paying back the loans when the work was completed.

In addition to the football stadium the plan, called ‘Espai Barca’, includes spending on other club facilities. It includes 420m euros earmarked for the Palau Blaugrana, home of the club’s basketball and handball teams, and 20m euros for the Johan Cruyff stadium where the men’s reserve and women’s football teams play.

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READ ALSO: Four Barcelona Players Against Messi’s Return To Camp Nou Revealed

The club said they expected the work on the Camp Nou to be completed by 2026. The men’s first team will play at the Olympic stadium on Montjuic before returning in the 2024-25 season to a Camp Nou not yet at full capacity.

Barcelona are emulating their main Spanish rivals Real Madrid who began the latest renovation of their Bernabeu Stadium in 2019.

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The club is emerging from a financial hole which led to losses of 481 million euros in 2020/21 which led to the departure of the club’s all-time leading scorer Lionel Messi.

READ ALSO: Barcelona Facing Champions League Ban Over Payments To Referee

Last summer the club raised around 750 million euros by selling 25 percent of their La Liga television rights for the next 25 years and 49 percent of its Barca Studios.

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EPL: Why I Won’t Stay One More Year At Man Utd – Casemiro

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Manchester United midfielder, Casemiro, has explained why he won’t stay one more year at the club.

The 34-year-old is set to leave Old Trafford at the end of the current season.

The Brazilian, however, had been urged by the club’s fans to extend his contract by one more year due to his brilliant display for Michael Carrick’s side this term.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Speaking on the development, Casemiro told ESPN Brasil, “There is no chance [for me to stay one more year].

“It is leaving through the front door. It has been four wonderful years, and I am eternally grateful not only to the club but to the fans.

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“I think it is over. The cycle has ended here. I am moving on to a new chapter in my career.”

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EPL: Rooney Names Team To Win Title

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Former Manchester United striker, Wayne Rooney, has said Arsenal will go on to win the Premier League title, after Manchester City dropped points against Everton.

City were held to a 3-3 draw at the Hill Dickinson Stadium on Monday night.

The result means Pep Guardiola’s men are now five points behind Arsenal, but they have one game in hand.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Rooney believes the Gunners will beat West Ham this weekend and go on to be champions.

He said on BBC Sport: “No, I’m concerned for West Ham. I just think Arsenal are efficient and professional.

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“I just think they will win every game. So obviously, with the result tonight, that means they will win the league.”

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UCL, EPL: Petr Cech Advises Chelsea On How To Win Trophies

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Chelsea legend, Petr Cech, has advised his old club on how to win the UEFA Champions League or the English Premier League.

Chelsea are already out of the Premier League title race this season, and they are at risk of missing out on UEFA Champions League qualification for next season because they are currently not in the ninth position on the Premier League table.

Speaking to The Athletic about Chelsea, Cech said that the Blues need to change their philosophy of signing only young players if they want to win the Premier League or Champions League.

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READ ALSO:EPL: Guardiola Reveals Only Chance Man City Will Win Title Ahead Of Arsenal

According to the former goalkeeper, the Premier League west London club needs to add experienced players to mentor the young players in the squad.

“You have to look at what you want to achieve. You can have young, talented players, and you can win, but it’s very rare that you manage to do that,” he said.

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If you want to win every season and compete every season, that does not go together.

READ ALSO:EPL: Arsenal In Shock Move To Sign Kvaratskhelia From PSG

You have to change your philosophy. Certain things don’t go together because, in order to win a Champions League or a Premier League… these are really tough competitions, and you have to be consistent.

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“You need to have a strong core of the team. And then you can bring young, talented players who will grow faster and then will be held by the experienced players to help navigate them through difficult times when they come.”

Currently, Chelsea have just one player, Tosin Adarabioyo, who is over 28 this season, and the defender has not been playing regularly.

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