Barca financing deal halted

FC Barcelona has halted a $1.5bn fundraising after balking at the terms of the deal amid an increase in US borrowing costs. It has forced the club to consider alternative financing arrangements.

The deal is meant to pay for the revamp of the Spotify Camp Nou stadium. Kroll Bond Rating Agency had given the club's placement an initial rating of triple B plus, but then lowered it to triple B.

The club had net debt of €608m at the end of June 2022.

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The Political Economy of Football V2

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