Real Madrid is one of only four Spanish professional clubs still owned entirely by its members, alongside Barcelona, Athletic Club, and Osasuna. This long-standing model could face a potential change at the next Ordinary General Meeting.

Florentino Pérez is studying the option of opening the club to outside investment through a limited share system. Members would keep full control of decisions, but up to 10 percent of the club could be offered to an external company. Journalist David Álvarez of El País reports that the idea aims to maintain Real Madrid’s multi-billion euro valuation.

Last year, Florentino estimated the club’s value at around 10 billion euros. Based on that figure, any investor taking 5 to 10 percent would need to contribute between 500 million and 1 billion euros. As Álvarez noted on El Larguero, the final amount would depend on whether the investor agrees with the president’s valuation.

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