Overview
- Florentino Pérez presented a structure creating a club subsidiary that could sell roughly a 5% stake, with some reports noting a cap of up to 10%, while nearly 100,000 socios keep governance.
- The outside investor would receive dividends but no voting rights, and members would continue to elect the president and approve statute changes without receiving dividends.
- The club would remain a members’ association rather than listing on a stock market, and each socio would hold a single monetized share that could be passed to children or grandchildren.
- Real Madrid says it would retain buyback rights over assets sold to investors, describing the partner as a strategic ally rather than an owner.
- Pérez framed the move as a way to make the club’s market value visible and to protect it from external pressures, criticizing LaLiga’s Javier Tebas, UEFA, Spanish referees and Barcelona.