Reverter has performed a key role in the try to reduce Barca's money owed of 1.35 billion euros ($1.5 billion) and has been at the centre of new discussions over a vast sponsorship address Spotify.
Barcelona said the resignation of Reverter, who took over as CEO in July last year, will come into effect as soon as a alternative has been observed.
According to La Vanguardia and Marca, the forty nine-yr-oldâs departure is more all the way down to disagreements with the membership over the Spotify deal, with the intention to earn Barcelona 280 million euros for 3 seasons, in alternate for sponsoring first-team shirts and turning into the first agency to accumulate naming rights to Camp Nou.
Barca signed a 55-million euro according to season kit deal with Japanese retailer Rakuten in 2017 but that settlement expires on the quit of this season and Reverter became among the ones tasked with finding profitable alternatives.
He has additionally been involved inside the 'Espai Barca' challenge aimed at renovating Camp Nou. In December, the club's individuals voted in favour of borrowing up to one.5 billion euros from Goldman Sachs to finance the project.
Joan Laporta said closing week the membership's salary invoice has been decreased by using 159 million euros due to the fact that his arrival as president almost a 12 months in the past. According to figures offered by Laporta in August, salaries accounted for 103 in step with cent of the membershipâs earnings.
In a assertion, Barcelona praised Reverter for "the restructuring of the debt, approval by way of club individuals for the funding of Espai Barca, the discount of the salary bill, agreements with new partners, and others."
Reverter stated he wanted to "spend greater time on private and circle of relatives projects". He delivered he changed into leaving a club which "now has a pleasant government crew with the intention to be capable of reposition Barca as a global leader".
