Real Madrid is contemplating a significant restructuring of its ownership model, a move that could open the door to external investment in one of football's most storied clubs.
Currently owned and operated by its 100,000 members, known as socios, Real Madrid functions as a non-profit organisation. This unique structure, shared by other LaLiga teams like Barcelona, Athletic Bilbao, and Osasuna, prevents private investors from owning stakes in the club. However, a new proposal by Real Madrid President Florentino Pérez aims to redefine this framework, positioning members as the “true owners” of the club.
“We can distribute an asset that I believe is worth more than €10 billion among them,” Pérez said during the club’s general assembly on November 24. He stressed that the changes would safeguard the club’s financial independence and protect its wealth from external threats.
“Our club should have a structure which protects us as an institution,” Pérez added. “We’ll do everything necessary so that the club belongs to its members, so that nobody can take away our financial assets.”
While specific details of the proposal remain unclear, Pérez announced that the reorganization plan will be presented for a members' vote. “I’ll keep you informed,” he said. “We’ll have an assembly to explain it clearly, and you’ll understand it perfectly.”
The proposed restructuring reflects broader conversations within member-owned clubs about balancing tradition with modern financial demands. Should the initiative gain approval, it could signal a historic shift in Real Madrid’s governance and financial strategy.