Barcelona braced for a fresh financial hit of £17million as their move away from the Camp Nou for the 2023/24 campaign has been confirmed.
The city’s Olympic Stadium – also known as the Estadi Olimpic Lluis Companys – will play host to Barca’s home matches during the 2023/24 season. With a current capacity of 60,713 seats, the stadium which hosted the 1992 Olympic Games is the second largest in Catalonia and fifth in Spain.
The redevelopment of the Camp Nou comes after their El Clasico rivals Real Madrid commenced the renovation process of their Santiago Bernabeu stadium; which saw Los Blancos play at their reserve Castilla side’s stadium for the 2020-21 campaign.
Barca believe the works to the Camp Nou and surrounding area have the potential to generate an additional revenue of £160million per season for the club once complete. Barca’s project – known as Espai Barca – coincides with the club selling the naming rights of their stadium to Spotify.
Spotify – the music streaming service – will be on the front of the men’s and women’s shirts for the next four seasons, on Barca’s training shirts for the next three campaigns and, most notably, the club’s stadium will be named Spotify Camp Nou.
Yet the stadium will not be in use for the entire 2023/24 campaign, with Barca having to relocate in the city.
A report in Marca outlines how this will cost the club a hit of £17million, which will focus on ensuring the Olympic Stadium can accommodate up to 55,000 fans and comply with regulations on hosting matches.