Ownership Change At Real Madrid Not Ruled Out

Written by Oluwadamilola Olaleye

Ahead of Real Madrid’s general assembly, President Florentino Perez is set to propose a new ownership model to board members, an initiative which could have ripple effect on the club’s future football operations and commercial business.

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Real Madrid are reportedly considering a major shake-up of their 123-year-old ownership structure, exploring several bold and potentially transformative options.

Among the ideas being discussed is the possibility of splitting the club into two separate entities; one focusing solely on football operations and the other on business ventures. This model would allow investors to buy shares in the commercial arm of the club while ensuring that fans and members retain control over the sporting side.

However, the proposal has not been universally welcomed. Advisor Anas Laghrari is said to be one of the key figures opposing the move, while lawyer José Luis del Valle — a close confidant of club president Florentino Pérez and secretary of his construction conglomerate ACS — is reportedly advising against such changes.

Another idea under consideration is selling up to 49% of Real Madrid’s shares to outside investors. This approach would still keep the club’s members as majority owners, though one alternative being floated involves granting majority control to the Real Madrid Foundation.

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Pérez, now 78, had already hinted at the possibility of modifying the club’s ownership model during last year’s General Assembly, suggesting that foreign investment could play a role in the club’s future.

At present, Real Madrid remain fully member-owned, with the Pérez elected by the socios. Yet the growing demands of modern football have sparked debate within the club about how to balance financial ambition with tradition.

Another potential path being discussed is the adoption of the “50 + 1” ownership rule, similar to that used in Germany’s Bundesliga, which ensures that fans maintain majority control.

Despite the growing momentum behind these discussions, sources note that the financial and legal complexities involved are significant and far from resolved. According to The Athletic, Real Madrid are intensifying their exploration of these options, and Pérez is expected to provide further clarity on any potential restructuring at this year’s General Assembly.

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