Real Madrid is finalizing the corporate restructuring proposal that president Florentino Pérez will present to the club’s representatives on November 23. According to El País, the plan being developed would allow the entry of an external investor acquiring between 5% and 10% of the capital in the new structure, while the rest would remain under the control of the members. This draft is part of the ongoing process exploring a potential transformation into a Public Limited Sports Company (Sociedad Anónima Deportiva).

The report explains that this capital injection would also serve as a reference point for Real Madrid’s market valuation. Florentino Pérez himself estimated the club’s worth at over €10 billion during the last general assembly, and an investor contributing around €1 billion for a 10% stake would validate that figure. El País recalls comparable market transactions — such as those involving Atlético Madrid, PSG, or the Los Angeles Lakers — to illustrate the scale of this valuation.

The proposal would also include strict limits. The initial investor acquiring this minority stake would be prohibited from purchasing additional shares, even if the club later decided to sell more. Meanwhile, the remaining 90–95% of shares would be distributed equally among Real Madrid’s roughly 100,000 members, each entitled to one share only. These shares could be transferred solely to other existing or qualifying new members, thereby preserving the club’s traditional governance model.

Florentino Pérez previously outlined the main principles of this plan during the last assembly, stressing the importance of keeping control of the club in the hands of its members. The conversion itself will not be voted on at the November 23 assembly, since no extraordinary session has been called. Instead, the topic will likely appear in the president’s report, as it did last year, when Pérez first explained his reasoning following recent legislative reforms in sports governance.

The formal process would begin with the calling of an extraordinary general meeting to authorize a referendum. Approval would require an absolute majority — more than 50,000 votes from eligible members. If ratified, a joint commission comprising representatives from the CSD (National Sports Council), LaLiga, RFEF (Spanish Football Federation), and players’ union would evaluate the proposed capital model, based on the price paid by the investor. From there, the club would have up to nine months to allocate the shares.

********************************************************

You can now download the Madridista News App for free on the Apple Store and Google Play.

You can follow us on Facebook here.

You can follow us on X (Twitter) here.                                                                    

You can follow us on Instagram here.

You can subscribe to our YouTube channel here.

You can follow us on Telegram here.

You can follow us on TikTok here.

You can join our WhatsApp channel here.