TA Real Madrid followers: Real Madrid may go public in a similar way, but most members need to agree

September 11th News TheAthletic's Real Madrid team reporter Guillermo Rai answered a question from fans in the TA column, talking about the possibility of Real Madrid changing its ownership model.

fan DanielT asked: "I read some rumors that Real Madrid is going to change its member-based ownership model to a model that allows external investors to enter. Is this possible? Do you think there is any basis for these rumors?"

In response, GuillermoRai said: "Until now, Real Madrid has been owned by nearly 100,000 members. The club's charter stipulates that only the children or grandchildren of existing members can become new members. All members have the right to represent the club conference, which passes representative members (1,947 last year) to vote on certain decisions every year."

"At the conference last November, Real Madrid President Florentino Perez first proposed the possibility of change. , he said at the time: 'We will propose a proposal for our club corporate organization to ensure that members are the real owners of our club.'"

"Florentino did not reveal much details, but sources close to him believed that having the club go public or value in a manner similar to a listed company would be beneficial to the club so that members could recognize the financial implications of decisions made by other governing bodies such as La Liga or UEFA. "

" Therefore, a model change is possible, but it requires the majority consent of all members (not just on behalf of members). Whether members will accept the weakening of power and whether this will lead to the joining of new external owners—even as minority shareholders, remains to be seen."