Real Madrid is poised for a significant transformation in its economic model, with President Florentino Pérez set to unveil a groundbreaking project. The announcement will take place during the upcoming general assembly of socios on November 23. This initiative could lead to substantial changes within the club’s organizational structure, marking a pivotal moment in its history.
According to reports from El País, the restructuring plan involves altering the club’s legal status, shifting away from being a sports association owned by its members. Instead, Real Madrid may transition into a sports anonymous company (SAD), where 10% of its assets would be sold to a new investor. This investor would become a partner in the club, while the socios would retain control over 90% of the shares, as outlined in Pérez’s proposal. This approach diverges from previous speculation regarding adopting a model similar to Bayern Munich‘s, which was thought to involve ceding 49% of shares to foreign investors while maintaining a symbolic 51% majority for socios.
Legal Framework and Restrictions
The proposed legal restructuring comes with strict conditions designed to safeguard the club’s integrity. Under the SAD framework, the new investor will face limitations; they cannot acquire additional shares in the future or sell their stake to external parties. Shares can only be transferred to individuals who are already part of the club’s legal framework, ensuring that control remains firmly in the hands of existing members. Furthermore, each member can only hold one share, promoting a balanced power dynamic among shareholders.
Approval Process and Implications
A crucial aspect of this proposal is whether it will receive approval from the socios. Article 58 of the club’s statutes aims to protect its current legal structure, stipulating that any transformation, merger, or dissolution can only proceed with an absolute majority vote from eligible members in a referendum convened by an extraordinary general assembly. This process requires more than just a simple majority; it necessitates that favorable votes surpass half of the total voting rights available.
The stakes are high as Florentino Pérez seeks to navigate this complex landscape. Will he manage to secure the necessary backing for his ambitious vision? As Real Madrid prepares for this critical juncture, fans and stakeholders alike are left wondering about the future direction of one of football’s most storied clubs.
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