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Throughout his lengthy tenure as president of Real Madrid, Florentino Perez has made significant worldwide changes to the club. As if the Santiago Bernabeu refurbishment weren’t enough of a legacy move, he is allegedly contemplating an even bigger one before he departs.
The club’s president, who is 77 years old, is looking at ways to improve the organization’s financial and legal standing. Especially as he plans to seek another term in office.
Perez has characterized UEFA’s actions—most notably the worldwide decision to ban the Superleague—and La Liga’s decision to sell 11% of its TV rights for 50 years as aggressive actions against the club’s financial resources. Thus, he feels Real Madrid should have authority over these issues.
Worse still, Los Blancos might end up in “the wrong hands,” according to Perez. Especially because of the increasing number of teams owned by states and billionaires in the Premier League.
Why would Perez allow Real Madrid to be sold?
According to El Confidencial, Perez is considering two paths forward. One of them would increase members’ rights while updating the club’s structure. That way, he would make sure it stays in the right hands. The specifics of this plan are unclear at the moment. However, it would entail turning the club into a private company with the members as shareholders.
A second scenario would cause a dramatic change in the Spanish soccer scene. The 77-year-old Spaniard has been in talks with Key Capital Partners and Clifford Chance, two investment banking firms, about many possibilities. One of which is to put the La Liga giants on the stock market.
The article goes on to say that banker John Hahn and JP Morgan are also aware of Perez’s plans. As a result, under this alternative, members would have to vote to sell as much as 49.9% of the club. However, there would be a limit on how much could be sold so that the members could always keep control.
Florentino Perez has…
Source link : https://worldsoccertalk.com/news/perez-to-approve-49-9-sale-of-madrid-for-intelligent-key-reason/
Author : Martina Alcheva
Publish date : 2024-04-27 19:07:50
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