It was revealed that Lao Fu Ye promoted the new restructuring of Real Madrid: one member and one share can only be inherited and not transferred(danyu)
2024-11-21
Real Madrid president Florentino Pérez is planning a plan to ensure that Real Madrid is always in the hands of its members. He wanted to prevent the club from becoming an ordinary company limited by shares and falling into the hands of individuals who might control the club's assets. According to Ramón Álvarez de Mon, Pérez will announce a plan at Sunday's general meeting that will be centered on turning members into shareholders. "The foundation will hold a majority stake in the club, and members will become shareholders," he said. In the future, companies can also take a small stake."
This Sunday's General Assembly of Real Madrid is in the spotlight and Florentino Pérez will give it his all. In addition to the financial statements and 2024-25 budget on the regular meeting agenda, he is expected to unveil his plan to protect the club's assets, which is to issue one share to each member. This would leave Real Madrid in the hands of its members, who would not be able to transfer their shares unless within the family, thus avoiding them falling into the hands of third parties.
What members are looking forward to
The news sparked a great deal of interest among Madrid fans, who were looking forward to the president's announcement and the conditions he would work out. The move is designed to prevent the club from falling into the hands of individuals, businesses or countries, as is the case with many European and Spanish clubs. It is a way to ensure that the club remains in the hands of its members, offering a more flexible and modern structure through its foundation.
Florentino Pérez is not taking his word for it. As he promised when he ran for president in 2000, he has been looking for a solution. To this end, according to Relevo, he is backed by the law firm Clifford Chance and the investment bank Key Capital, with which Real Madrid and the chairman have been working with both institutions.
"How dare they take our money"
In a recent meeting with member representatives, Perez made some revelations about his plans, saying that the goal is to protect the club from those who are trying to profit from it. He gave two examples to support his plan: La Liga's agreement with CVC and an amendment to the sports law. Both projects were blocked by Real Madrid and other clubs such as Barcelona and Athletic Bilbao.
Florentino Pérez had foretold last year that he was trying to change the model of the club to compete financially with state-owned clubs or clubs backed by huge assets: "We have built our assets since 1902 and we have to defend it. La Liga believes that our assets are not important to us. How dare they take our money, which belongs to the 100,000 members of Real Madrid. We need to take steps to empower our members to defend the club. ”