Tuesday 21 January 2014

FORMER VICE PRESIDENT HAS DOUBTS ABOUT CAMP NOU RENOVATION

"I don't know if the club can take on a €600 million investment"

01/21/2014
Barcelona's former financial vice president, Joan Castells, has reservations about the viability of the Camp Nou renovation proposed by Sandro Rosell. "I don't know if it's necessary or whether the club can take on a €600 million investment," he remarked.
"We're taking a big risk with the club's financial situation"
"It is a bold move when you consider the size of the investment, and not just in terms of the capacity of this investment to generate income," assured the former executive.
Castells went on to say, "I will think very carefully about it before voting yes. We're taking a big risk with the club's financial situation. The significant thing about the investment is that it is extremely substantial. I don't know if it is worth it. I have to think that the people in charge think so. It might be necessary to invest this income in the football first team and that might be necessary to continue being the best team in the world. I think it will be difficult to reconcile it with making signings."
One thing he is sure about is that he will be casting his vote. "I will go and vote in the referendum, although I haven't decided if I will vote yes or no on the renovation. Catalunya has a historical heritage and the Camp Nou is part of that. I would have liked an option to renovate the Camp Nou for €300 million or less money, and I would have voted for that," he explained in an interview on 'La Xarxa'.

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