The president presented the plan to club members, insisting it “will protect us as an institution” and allow Real Madrid to raise funds without becoming a sports limited company.
Pérez is preparing a second lever to raise between 500 million and 1 billion euros.
According to El Periódico, Real Madrid president Florentino Pérez has initiated one of the biggest restructurings in the club’s modern history, planning to sell around 10% of a newly created commercial entity in order to generate new investment. The move follows the club’s sale of 20% of the Santiago Bernabéu’s future profits to Sixth Street and Legends for €360m (£317m/$417m), a financial deal widely seen as Real Madrid’s first lever.
Pérez presented the new proposal to Real members in detail, emphasizing the need to modernize the club’s organizational structure while preserving the traditional model of member ownership. As he told members directly: “ Our club must have an organizational structure that protects us as an institution and that also protects each of us as owners of Real Madrid. To this end, I confirm that we will submit to this Assembly a proposal to restructure the club which secures our future, protects us from the threats we face and, above all, ensures that members are the true owners of our club and its financial assets.”
These remarks underline the president’s desire to reconcile the need for new investments and the jealously preserved nature of the club’s identity as a non-SAD sporting entity (Société Anonyme Deportiva, a particular form of limited company linked to sport). Pérez has long admired the German “50+1” model, but Spanish law presents significant obstacles to its adoption. Lacking a legal path to transform Real Madrid into a Bayern Munich-style hybrid, the club is exploring a subsidiary structure allowing investments without giving up sporting control.
