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Football Reporting
Football Reporting

La Liga

€124 M needed to challenge Florentino Pérez for Madrid presidency

Potential aspirants looking to become the future Real Madrid president need to submit a bank guarantee confirming the access to 124 million euro which represents 15% of the club’s budget. This sum of money is a vital element for any would-be presidential candidates in a battle to contest existing president Florentino Pérez who is looking to secure another four year term at the helm of the Santiago Bernabéu club.

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Madrid confirm requisites

The Real Madrid electoral board have confirmed the conditions for the pre-candidacy race with a series of requisites having to be met by those aspiring to secure the position. Apart of the 124 million euro guarantee, candidates have to prove that they have been club members for at least 20 years. Should no-one be able to fulfil these criteria, Florentino Pérez will be automatically re-elected at the end of April.

In normal circumstances, an existing president would wait until the end of the season before calling elections but for strategic reasons Pérez has brought forward the process with his ongoing quest to secure the services of the likes of  Mbappé and Haaland. The other urgent matter for the current president is to resolve the Sergio Ramos renewal situation with the negotiation process having reached an roadblock. Florentino Pérez is also desperate to see the inauguration of the new and improved Santiago Bernabéu stadium which is expected to be ready in June 2022.

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