Barcelona have confirmed that they will hold elections to choose a new president on Sunday, June 15, following the resignation earlier today of acting president Enric Reyna.

Reyna replaced Joan Gaspart earlier this season, had already announced his decision to step down following Barca’s Champions League defeat by Juventus last month.

Reyna also revealed that the club’s total debt stood at œ68.8million but said that the figure would be reduced to œ33million by the end of June.

Under Gaspart, who took over in 2000, the club have endured a chaotic period, appointing four different coaches, but failing to win a single trophy. To rub salt into their wounds, they have seen their greatest rivals Real Madrid grow from strength to strength both on and off the pitch.

The team are currently in eighth place in the Spanish first division, in with a shout of qualifying for next season’s UEFA Cup, but out of the running for the more lucrative Champions League.