Overview
- Florentino Pérez announced a statutory reform that keeps Real Madrid from converting into a Sociedad Anónima Deportiva by channeling any minority stake through a majority-owned commercial subsidiary.
- The plan contemplates roughly a 5% external investment with safeguards Pérez said would prevent stake creep and assign participations to the club’s approximately 100,000 members.
- The Ordinary Assembly approved record accounts and budgets, including €1.185 billion in revenues (ex-transfers), €24 million profit after tax, €598 million in net equity and €166 million cash, with a €1.248 billion budget for 2025/26.
- Pérez escalated attacks on LaLiga, UEFA and Barcelona, highlighting the Negreira case and calling Spanish refereeing standards unacceptable, and said the club could seek more than €4 billion in damages from UEFA over the Super League dispute.
- LaLiga president Javier Tebas responded publicly on X, criticizing Pérez’s claims and promising a detailed rebuttal point by point.