Joan Laporta, president of FC Barcelona, opened the club’s Ordinary General Assembly today by explaining the reasons behind the new €300 million financing request to complete the Spotify Camp Nou redevelopment.

One of the proposals being put for vote in front of the club members at today’s General Assembly is the €300 million financing which the club plan to invest into the continued renovation of their stadium.

Laporta outlined the club’s financial plans for the coming season and stressed the importance of completing the stadium redevelopment.

“Next year we expect to reach €1.195 billion. Completing Spotify Camp Nou is essential for growth. It will be something never seen before in the history of FC Barcelona,” he said.

The president described the renovated stadium as the future centre of the club’s economic activity.

“It will be the epicentre of Barça. It is an unprecedented source of major revenue,” noted Laporta.

Work continue to progress at Camp Nou. (Photo by Eric Alonso/Getty Images)

Laporta also referred members to Ferran Olive for further details about the financing of Espai Barça.