Football

Barcelona to sell Nou Camp naming rights for N128bn

Barcelona are set to sell the Nou Camp naming rights for £270m (N128bn) after starting work to revamp the famous stadium.

‘Barca’ are set to sell the naming rights for their iconic stadium, as the club plans to increase the maximum capacity to 105,000.

The Catalan club are increasing the stadium’s capacity from 99,354 to 105,000 and will add a roof to the huge arena, with work set to be completed by 2022.

The name change would fall in line with ground’s renovation, which has been nicknamed ‘Barca Space’.

This latest move would only increase their staple as one of the biggest brands in the sport.

Last month, it was revealed that Barcelona made a record $331.5m from sponsorship alone, beating off the likes of Manchester United and Real Madrid

It is believed that Barcelona have been offered €300m (N142bn) from an Asian company, however the Catalan club are waiting for a general meeting before they make their decision.

The Catalans would be following in the footsteps of Manchester City and Arsenal in selling their naming rights for a hefty price.

The Premier League duo’s grounds are sponsored by Etihad Airways and Fly Emirates respectively.

The expansion will ensure that the Nou Camp remains the largest football stadium in Europe, however the largest in the world is the Rungrado May Stadium in North Korea.

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