The president of Real Madrid, Florentino Perez, makes the first public mention of changing the ownership model
Last week, various reports gained speed that the president of Real Madrid Florentino Perez was considered modify the property model at the club, after the news first broke in April. During the club's general assembly on Sunday, Perez confirmed that was his intention.
The suggestion is that Perez will try to get Real Madrid out of its membership “non-profit sports entity” status, and look to turn it into a standard private company. Members will then be allocated shares.
Perez hinted that change was underway.
“Our club must have an organizational structure that protects us as an institution and also protects all of us as owners of Real Madrid. We will do everything necessary to ensure that this club continues to belong to its members as” and it has done in our 122 years of history,” explained Perez in the club's assembly.
“We will bring to this meeting a proposal for the corporate reorganization of the club that will clearly secure our future, protect us from the threats we face and, above all, ensure that we members are the real owners of our club, the real owners of the club. our financial assets in our right.”
There is little certainty in what Perez is saying, nor what threats he is referring to, other than the assertion that La Liga wants to take a cut of its television rights to distribute them more fairly. Perez wanted to stress that the members will always be the owners of the club. Any changes will also have to be voted on by members in a referendum.
It is believed that the president of Real Madrid intends to run again next year for another term that would see him in his eighties. It argues that their position as a non-private company weakens them in a legal sense, although it is not yet clear exactly where this would see the Blancos treated differently, as Relief note
The discussion of Carlo Ancelotti with the #RealMadrid the players before the match of Osasuna was the most severe that he gave to the club. (Brand) pic.twitter.com/hXJZSjUCJf
— Football España (@footballespana_) November 25, 2024
If the shares were to be issued, and Real Madrid would become a private company or something similar, then the shareholders would theoretically have less power than the members currently have. Even if the entry barriers were built high, in theory, any member can be elected president of the club, and any president can be removed, something that would be more difficult in a private company.
