Catalan media alleges Real Madrid using Negreira rhetoric as distraction from financial move

"In the weeks leading up to Real Madrid's latest general assembly, most of the real movement was happening away from microphones and formal speeches. Conversations were taking place with lawyers, financial advisers and a small circle of trusted executives, all circling the same question: how far the club could go in reshaping its economic structure without breaking with its identity as a members-owned institution."

"The project under discussion involves the creation of a new commercial company linked to Real Madrid, initially valued at around €8 billion, with internal estimates suggesting it could reach €10 billion. The club would retain a dominant position, somewhere between 80 and 90 percent of the shares, while a minority stake would be opened to an external investor, respecting the minimum thresholds required by Spanish company law."

"Anas Laghrari, Pérez's long-time financial confidant, has become central to the process. After years operating discreetly through Key Capital, the financier has taken a more visible role since launching his own firm, Anel Capital, alongside his wife. Spanish media have linked him to exploratory contacts with international investors. These range from U.S. funds to European private capital, as the club maps out how such a structure could work in practice."

Real Madrid is exploring creation of a new commercial company initially valued at around €8 billion, possibly rising to €10 billion, with the club keeping 80–90% ownership and a minority stake offered to external investors under Spanish company law. Internal deliberations have involved lawyers, financial advisers, and a small circle of executives aiming to reshape the club's economic structure while preserving its members-owned identity. Anas Laghrari has taken a central, more visible role via Anel Capital and has engaged in exploratory contacts with U.S. and European investors. Florentino Pérez used strong public language on the Negreira case as the club built support.

Read at Barca Blaugranes