Judge Joaquin Aguirre determined:systemic corruption» payments 7.5 million euros belonging Barcelona Jose Maria Henriques Negreira when he was vice-president of the Technical Committee of Judges (CTA). This determination could have dire consequences for the Catalan club, and one of them could affect its stadium. And the investors who finance the work at the Camp Nou are worth it. 1.5 billion euros were asked to provide a report to evaluateNegreira case’puts them at risk of getting their money back.

In accordance with DebateSome investors fear Barcelona won’t be able to get their money back. Carefully, among the loan conditions they included a clause according to which, citing the “Negreira case,” they could terminate the agreement if a criminal conviction were made against the club. Thus, based on the said report, they will decide whether to continue the financial transaction or not.

This is not the first time this has happened. When the Negreira affair broke out, investors demanded a similar report, after which they changed the terms of the loan intended to finance work at the Camp Nou. In principle, this is how it should have been 6% and finally he noticed 10%.

The 1.5 billion euros that Barcelona will receive to finance the Camp Nou have been decided to be paid in three tranches. The first one with a loan 500 million euros deposited by American banks Goldman Sachs And JP Morganand two other tranches of similar amounts in separate debenture issues. Now the report requested by investors will be prepared by one of the American banks coordinating the issuance of loans to Barcelona.

The possible relegation of Barcelona due to the Negreira case will affect the work of the Camp Nou.

The terms of the loan intended to finance work at the Camp Nou stadium refer to ” ongoing investigations regarding payments made by Barça to companies linked to José Maria Henriques Negreiraformer Vice President of CTA from 2000 to 2018, in exchange for technical consulting services or any circumstances related to or revealed as a result of said investigations.

How “non-compliance situations”appear”obtain a criminal conviction in an arbitration situation based on a final decision” or “being relegated from the La Liga First Division due to a refereeing situation” And also this “The club and UEFA reached an agreement regarding allegations of corruption in the refereeing situation”or what”La Liga or the Royal Spanish Football Federation (RFEF) are issuing a resolution to relegate Barcelona due to allegations of corruption in refereeing.”

When will the work at Camp Nou be completed?

Although football will return to the Camp Nou in November 2024work will not be completed until June 2026. Shortly before this date, Barcelona will begin to repay the loan, which is now under threat due to the Negreira case.