Friday, May 20, 2022

Barcelona CEO Ferran Reverter resigns after less than 1 year in charge

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Barcelona CEO Ferran Reverter has resigned from his post. He was appointed in July 2021, and stepped down for personal and family reasons after less than a year in charge of the club. 

Reverter resigns amidst Barcelona’s negotiations with Spotify for being their shirt sponsor. Their current deal with Rakuten runs out at the end of the season, and the CEO was tasked with restructuring the club through 2026. 

There has been no indication as to who will be the next in charge, as part of Joan Laporta’s management team yet. 

Ferran Reverter resigns as Barcelona’s CEO 

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“Personally I have put in much effort and dedication during these months, but I now wish to focus on the reason why I returned to Barcelona, which is to spend more time on personal and family projects,” he said

“These have been passionate months and I thank the president for his trust and, above all, his enthusiasm and capacity for leadership that mean FC Barcelona now has a first class executive team that is able to reposition Barça as a world leader.”

Barcelona’s deal with Spotify could be worth a massive €280 million over three years. This would lead to them becoming the shirt sponsors for the team, and title rights outside the stadium as well. This would help them recover following their dire financial situation this season. 

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Ferran Reverter helped achieve  “the restructure of the debt, reduction of the payroll, agreements with new partners, and others,” as revealed in their official statement

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Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.

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