Who is Enrique Riquelme, the businessman who could run against Florentino Perez?

26 Mar 2021

Real Madrid are due to have elections in 2021 and Florentino Perez might have a challenger this time, after winning uncontested in 2009, 2013 and 2017.

Enrique Riquelme is a 32-year-old businessman who was born in Cox in the Valencian Community and he is considering running against Perez, either now or in the future.

To run in the Real Madrid presidential elections, several requirements must be met and there are only a few capable of meeting them. There’s a need to have 20-plus years as a club member and the need to guarantee 15 percent of the club’s budget, which would currently be 92.5 million euros.

These conditions wouldn’t be an obstacle for Riquelme, a successful businessman in the renewable energy sector for Latin America. He has been a member for the required 20 years, since he was a young boy. Meanwhile, his company is called Cox Energy and, as he himself revealed in an interview with El Confidencial, it is valued at 300m euros.

“Right now the club must take a different direction and fully professionalise the management, becoming a truly global club, or there will be problems,” he told El Confidencial.

“Being global is more than doing a tour of the USA.

“I see the possibility of applying what I’ve learned and managing a hyper professional board, not made up of friends, in order to take the club to the next level.”

Riquelme had praise for Perez and his work in the 21st century, but believes now is the time for a change.

Santiago Bernabeu laid the foundations of what is Real Madrid and he is, without a doubt, the best president in history,” Riquelme said.

“Then we’ve had other good presidents and, out of them all, Florentino Perez has been a catalyst who has done very good things for the club.

“He consolidated the Real Madrid 2.0, but the institution needs a change.”

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