Florentino Perez plans to sell 5‑10% of Real Madrid

Real Madrid president Florentino Perez, re‑elected earlier this month, has pledged a summer referendum on converting the club’s members into shareholders and selling a 5‑10% stake. He says the move will protect members’ financial position and could generate hundreds of millions for the club.

Perez intends to turn the club’s socios into shareholders, offering a minority share of between five and ten percent. The proposed sale is aimed at safeguarding the members’ financial standing.

Perez asserts that the change will not alter members’ rights beyond allowing them to see the value of their ownership. He also decision‑making at Real Madrid will remain unaffected.

Detractors, including former presidential rival Enrique Riquelme, warn that the plan could enable a foreign company to gain undue influence over the club. They argue it may open the door for further portions of Real Madrid to be sold.

Real Madrid has established a holding company called Real Madrid Madridistas SL, previously named Velvet Alma. The sole owner is Real Madrid, and the only administrator is General Manager Jose Angel Sanchez, with its registered address at the Santiago Bernabéu.

The company’s stated purpose is to participate directly or indirectly in the creation and administration of other companies. Similar holding entities already manage the club’s underground parking project and the Bernabéu stadium as an events venue.

Perez first raised the shareholder idea publicly over 18 months ago during a General Assembly in November 2024. No exact date has been set for the member referendum, but it is expected before the end of the year, and plans are likely to be announced in the coming months.