Real Madrid 5% Sale Skips CSD Approval

The sale of a 5 % stake in Real Madrid does not require approval from the Spanish Sports Council (CSD). President Florentino Pérez disclosed this in an interview with El País. The issue will be decided at the club members' election on Sunday. The proposed corporate model has become the headline of Real Madrid's election campaign. Candidate Enrique Riquelme criticized Pérez harshly on Sunday. Both Riquelme and Pérez are standing for the club presidency. Pérez used his El País interview to outline additional details of the model he intends to launch. He said the model will be implemented if he wins the vote. The interview was published the day before the election. The 5 % share sale is included in the financial plan Pérez presented. Pérez said the plan will introduce a new governance structure. He noted that the plan avoids CSD involvement. Club members will cast their votes next Sunday to choose the president. The outcome will determine whether Pérez's model is adopted. Riquelme's campaign centers on opposing the sale. If Pérez is elected, the 5 % sale and associated corporate changes are expected to proceed immediately. The club's governance could shift under the new model. Members will monitor the implementation after the election.