Futbol Club Barcelona is a football club based in Barcelona, Catalonia, Spain that competes in La Liga, the most senior football league in Spain. Since its founding in 1899, the club has had 41 different presidents. The club is owned by the club-members of Barcelona, and similarly to a limited liability company, they elect the president by a ballot. The president has the responsibility for the overall management of the club, including formally signing contracts with players and staff. In Spain, it is customary for the president to watch the games in which the first-team participates, together with the president from the opposing team.