Real Madrid to Hold Extraordinary Meeting on Ownership Structure Changes

Florentino Perez
Florentino Perez proposes statutory reforms for Real Madrid's future

Real Madrid's Florentino Perez announces plans to propose changes to the club's ownership structure, potentially allowing private investors to take a stake.


The proposal is expected to be voted on at an extraordinary general meeting, which is required to change the club's bylaws and structure...


Real Madrid is set to hold an extraordinary general meeting where members will vote on changes to the club's statutes, according to President Florentino Perez. This meeting is expected to discuss potential adjustments to the club's ownership structure, possibly allowing private investors to take up to a 10% stake.


Perez mentioned that the club needs to adapt to face future challenges, without explicitly mentioning the ownership plan. The proposal is reportedly aimed at helping Real Madrid stay competitive with other European clubs, such as Paris St Germain and Manchester City, which are owned by private equity firms or billionaires.


Real Madrid's President Florentino Perez announced plans to propose statutory reforms to equip the club for the next 50 years. The reforms are expected to be outlined during Sunday's Annual General Meeting (AGM). According to reports, Perez is considering allowing outside investors to join the club's roughly 100,000 members, a move that would require changes to the club's statutes.


Currently, Real Madrid operates under a membership model, similar to Barcelona, Athletic Bilbao, and Osasuna. Around 2,000 members are selected as delegates to participate in the annual meeting, where they elect the club's president, review annual accounts, and vote on statute changes. This membership model has been criticized for limiting the club's competitiveness, particularly in the transfer market, compared to privately-owned European clubs.


Real Madrid is considering opening up its ownership to outside investors, following a similar move by rival Atletico Madrid, which recently welcomed US fund Apollo as its majority shareholder. This move is part of a larger trend of private equity firms investing in football, attracted by the sport's stable and predictable revenue streams.


Real Madrid is a financial powerhouse, being the only club in world football to have recorded revenues over 1 billion euros ($1.2 billion), according to Deloitte. The club's revenue for the 2024/2025 season grew to 1.19 billion euros, with net revenue after tax increasing by 56% to 24.3 million euros.


Real Madrid's President Florentino Perez has expressed concerns that the club's membership model is holding them back, particularly in the transfer market, where they're competing with clubs backed by private equity, billionaires, or oil-rich states, such as Paris St Germain, Manchester City, and Chelsea.


Perez has been pushing for a European Super League, arguing it would help Real Madrid stay competitive. He previously mentioned holding a referendum on reorganizing the club's ownership structure to “protect us from threats we face,” while emphasizing that the club would remain member-owned.




Real Madrid is gearing up for a significant change in its ownership structure, with President Florentino Perez proposing reforms to the club's bylaws. The plan involves creating a subsidiary that would allow external investors to buy a 5% stake in the club, while maintaining its member ownership model. This move aims to bolster the club's finances without compromising its core values.


The proposal is expected to be voted on at an extraordinary general meeting, which is required to change the club's bylaws and structure. Real Madrid already has deals in place with US private equity firms, including a 2022 deal with Sixth Street worth 360 million euros, where the club handed over rights to develop and operate new businesses at the Santiago Bernabeu stadium for 20 years.


Perez has emphasized that the current ownership model, where members own the club, will remain intact. The idea is to attract investors who share the club's values and contribute to its growth, helping Real Madrid stay competitive with other European clubs.




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