Real Madrid President Florentino Perez takes first step towards selling part of club

Real Madrid President Florentino Perez takes first step towards selling part of club Real Madrid President Florentino Perez has promised a referendum on the club’s ownership model this summer, following his re-election as president earlier this month . Perez intends to turn the club’s members in shareholders, and sell off 5-10% of the club in order to ‘protect’ the members financial position. It is arguably the 79-year-old Perez’s most controversial policy, and it remains to be seen whether the overall support for a change of ownership goes through. Perez has claimed that there will be no material change for the members, beyond the fact they will be able to see the value of their ownership, and has claimed it will not impact decision-making at the club. His detractors, and former presidential rival Enrique Riquelme , have argued that it could result in a foreign company having undue influence over the club, and opens the door for more of the club to be sent off. The sale of that percentage of the club is expected to bring in hundreds of millions into the club’s accounts. Real Madrid create holding Company that could control shares The matter is yet to be put to a vote by Perez, but he is forging ahead with his plans to make it viable. As explained by The Objective and ES Diario (via MD ), Real Madrid have created a company that can be floated on the stock market called Real Madrid Madridistas SL. The company was formerly named Velvet Alma, and currently has one owner, which is Real Madrid. The only administrator of the company is Jose Angel Sanchez, Real Madrid’s current General Manager. The registered address of the company is the Santiago Bernabéu, and its stated aim is the constitution or participation, in a direct or indirect manner, in the creation and administration of other companies. Los Blancos have similar holding companies which manage the club’s underground parking management bid, and the Bernabéu stadium as an events host. When will Florentino Perez put his plans into action? Perez is yet to give a timeline for the conversation of the club into a shareholder model, but it is expected that he will announce plans in the coming months. No date has been set for a member referendum either, but it seems likely that it will occur before the end of the year. Perez first mentioned the idea publicly over 18 months ago, in a General Assembly in November of 2024.