Permalink: Florentino plans to promote changes in Real Madrid s ownership model and attract external capital investment

According to "Daily Sports", Real Madrid president Florentino is preparing to promote his last major project before the end of his term: adjusting the club's ownership model.

The plan will be submitted to the general membership meeting expected to be held in November or December. The purpose is to give the green light to the entry of external capital without transforming the club into a sports limited company, while ensuring that members continue to be the true owners of the club.

The article revealed that Florentino had studied the "Bayern model" that he liked very much, in which members held 51% of the shares and external companies accounted for 49%. However, this model conflicted with Spain's either A or B legislation.

So an intermediate solution that the Bernabéu office has been studying for at least a year and a half is: creating a commercial subsidiary. Under this model, Real Madrid maintains its membership structure, but markets some of its business activities through subsidiaries.

According to reports, this is not much different from the "leverage" model that Laporta hastily used in Barcelona. But Real Madrid's intention is not to sell assets immediately, but to prepare tools in advance for possible future funding needs to avoid repeating the mistakes of Barcelona.

The background of this move is the financial challenges faced by Real Madrid. The Bernabeu renovation has declared a cost of approximately 1.4 billion euros. The parking lot project has been canceled by the court twice. Due to protests, the ability to hold future concerts is also "very questionable."

Florentino's obsession is to ensure that Real Madrid can continue to compete against the Premier League and "national clubs" such as Paris and Manchester City in the future.