"We will continue to be a members' club, but we must create a subsidiary in which the 100,000 members of Real Madrid will always retain absolute control, he said. On that basis, this subsidiary could simply incorporate a minority stake, for example, 5% never more than 10% from one or more investors committed to the very long term and willing to contribute their own resources. Perez said that would be the clearest and most compelling way to value our club."
"They also noted that in recent years, Real Madrid had already changed membership rules, contravening promises to keep memberships within families and diluting its character. Others supported the investor plan, saying it made good business sense and would not alter the trajectory of a hugely successful club that has won the Spanish domestic title 36 times and collected a record 15 UEFA Champions League trophies."
Florentino Perez proposed a statutory reform to allow private equity investors to acquire up to a 10% minority stake through a subsidiary while preserving members' control. The plan would create a subsidiary in which the club's 100,000 members would retain absolute control and it could incorporate minority stakes (for example 5%, never more than 10%) from long-term investors. The proposal aims to unlock capital, permit dividends to members, and is presented as essential for the future of football. Fans remain split: some decry selling part of the club and past membership changes, others emphasize business logic and continued sporting success.
Read at www.aljazeera.com
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