<\/p>\n
Real Madrid President Florentino Perez has confirmed that he will call a referendum on the ownership model at the club if he is victorious in the club elections next Sunday. Los Blancos are currently owned by the club\u2019s members, but Perez is proposing a change of model to convert them into shareholders.<\/p>\n
After hinting at a change of model \u2018to protect Real Madrid\u2019s interests\u2019 in 2024<\/a>, last year Perez explained that the plan was to convert the current members into shareholders<\/a>, and sell a percentage of the club\u2019s shares amounting to around 5%. Beyond \u2018protecting the club\u2019, and ensuring that Real Madrid remain property of their members, Perez has not given motives for the change, which would likely bring in hundreds of millions in sale, but also add private interest into\u00a0 the club set on making profit.<\/p>\n During an interview with El Pais<\/a>, Perez confirmed that if he was given a mandate by the club\u2019s members in the elections, with Enrique Riquelme his only competitor, then he would be immediately calling a referendum on the club\u2019s current ownership model. Given the magnitude of the change \u2013 Real Madrid has belonged to its members since its inception \u2013 it would have to be approved by a majority.<\/p>\n \n Asked if further shares could be sold, Perez had the following response.<\/p>\n \u201cWhatever the members want, and always by referendum. But this 5% won\u2019t be making decisions. You could say that it would be more about image, associating with a brand like Real Madrid. But it will be the 95% and the members that will continue to be in charge. I won\u2019t die until I ensure the club\u2019s patrimony belongs to the members.\u201d<\/p>\n \u201cSomeone who comes in, who has no money, who secures a line of credit to buy Madrid, that won\u2019t happen. The other candidacy (Riquelme) is a syndicate of interests, the ones that went to the General Assemblies and voted without being members. Immediately after the elections, I want to call an assembly of delegate members and do the referendum.\u201d<\/p>\n \n Perez\u2019s proposal is that members would not be able to share their sales, but instead would be able to be able to elect a member to which they would pass the shares onto. This would in theory be a family member, but if this was not possible, they would be able to select the child of another family member. This was done to avoid Real Madrid coming under foreign influence.<\/p>\n <\/p>\n The post Real Madrid President confirms imminent referendum on ownership model if elections are won<\/a> appeared first on Football Espa\u00f1a<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Real Madrid President Florentino Perez has confirmed that he will call a referendum on the ownership model at the club if he is…<\/p>\n","protected":false},"author":1,"featured_media":6752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/posts\/6750"}],"collection":[{"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/comments?post=6750"}],"version-history":[{"count":1,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/posts\/6750\/revisions"}],"predecessor-version":[{"id":6751,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/posts\/6750\/revisions\/6751"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/media\/6752"}],"wp:attachment":[{"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/media?parent=6750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/categories?post=6750"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.piquant-burotic.com\/index.php\/wp-json\/wp\/v2\/tags?post=6750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Florentino Perez confirms referendum<\/h2>\n
Perez\u2019s suggestion for passing on shares<\/h2>\n