Fieldfisher to monitor Espai Barça project

Article posted by Coliseum, October 11^th, 2022

Image: FC Barcelona

The LaLiga club FC Barcelona (Spain) has hired the law firm Fieldfisher, which will carry out risk assessment and control monitoring functions for the Espai Barça project, in liaison with the club’s compliance and internal audit areas.

‘FC Barcelona’ stated that all of these are part of a new Espai Barça monitoring committee, a group of professionals who will provide an additional layer of supervision and monitoring throughout the project’s development process.

Futbol Club Barcelona, commonly referred to as Barcelona and colloquially known as Barça, is a professional football club based in Barcelona, Catalonia, Spain, that competes in LaLiga, the top flight of Spanish football.

The 99,354-capacity Camp Nou, officially branded as Spotify Camp Nou for sponsorship reasons, is a football stadium in Barcelona, Spain. It has been the home stadium of FC Barcelona since its completion in 1957.

The Espai Barça development plan goes well beyond modernization and reconstruction of FC Barcelona’s home venue Camp Nou. In addition to increasing the capacity of the current stadium to 105,000 from circa 99,000 and completely revamping the current structure of the Camp Nou, the Espai Barça project entails building a new Palau Blaugrana with a capacity of 15,000, an additional court with a capacity of 2,000, an ice rink, a new social area, a new commercial area, revamped club offices, La Masía (read FC Barcelona’s youth academy), and an additional 5,000 parking spots. This ambitious initiative has been in work for several years and is scheduled to be ready for the 2024-2025 seasons. In April 2014, Espai Barça was approved by the club’s members with a budget of $700 million.

Fieldfisher LLP is a multinational law firm headquartered in London, United Kingdom.

‘FC Barcelona’ further stated that the club’s intention is to thereby strengthen internal controls through the participation of an independent firm that will be responsible for supervising compliance with current legislation and internal procedures with regard to the most high-risk activities of the Espai Barça project. Fieldfisher, which has headquarters in Barcelona and Madrid (Spain), has more than 50 years of experience in the legal market advising national and international clients, and in sectors such as sports, engineering and public works, automotive, technology, the pharmaceutical industry and foundations, among others.

Internationally, Fieldfisher is part of Fieldfisher Global, a firm with 25 offices and 1,406 professionals in the main business hubs of Europe, China and the United States (Silicon Valley).

This is yet another example of the club’s commitment to Espai Barça, which was already evident during the Referendum campaign. In observance of the principle of transparency that the Board of Directors is applying to this project, members and fans will be informed of the progress and will be involved throughout the process.

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