BARCELONA SEALS DEAL FOR €1.45 BILLION ESPAI BARCA PROJECT AROUND CAMP NOU

AFTER APPROVING THE FINANCING ARRANGEMENTS FOR THEIR ESPAI BARCA PROJECT, BARCELONA HAS MADE A SIGNIFICANT INSTITUTIONAL ADVANCEMENT.

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SHOULD EVERYTHING PROCEED AS PLANNED, THE AGREEMENT WOULD INCLUDE BORROWING €1.45 BILLION, WHICH WILL BE REPAID OVER THE COURSE OF 24 YEARS.

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THE 20 PARTNERS IN THE AGREEMENT—INCLUDING GOLDMAN SACHS, JP MORGAN, JLL, PEREZ-LORCA, DLA PIPER, KEY CAPITAL PARTNERS, LEGENDS, AND IPG 360—INCLUDE

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FEATURES A GRACE PERIOD, A PAYMENT PLAN THAT IS RATHER FLEXIBLE, AND PAYMENT TERMS OF 5, 7, 9, 20, AND 24 YEARS.

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THE BLAUGRANA WITHHELD THE INTEREST RATES AT WHICH THE DIFFERENT CONTRACTS WERE SIGNED.

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THIS WILL DETERMINE THE PROJECT'S FINAL COST FOR BARCELONA.

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THE CLUB STRESSED THE AGREEMENT AS EVIDENCE OF THEIR "CREDIBILITY" AND STATED THAT THEIR 146,000 MEMBERS CONTROLLED BARCELONA.

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AIMING AT LAZIO BOSS MAURIZIO SARRI, ROMA’S JOSE MOURINHO

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