Real Madrid's presidential election campaign continues to be dominated by discussions over the club's future ownership model, with Florentino Pérez defending a proposal designed to attract investment while preserving member control.

According to El Mundo, Pérez's plan involves transferring the club's football operations into a new subsidiary that would centralize key revenue streams. These would include television rights, sponsorship agreements, merchandising income, and player transfer revenues.

Under the proposal, Real Madrid would then sell between 5% and 10% of the subsidiary to outside investors. The move could reportedly generate between €500 million and €1 billion in fresh capital for the club.

The report adds that, while Real Madrid's financial situation is not comparable to Barcelona's difficulties, additional funding would be considered beneficial as the club continues to invest in its future.

Under this structure, Real Madrid would remain the holding company of the subsidiary, meaning ownership of the club itself would continue to belong to its approximately 100,000 members. This differs from concerns raised by Enrique Riquelme, who has suggested the club could eventually be sold.

According to the report, Pérez's objective is to secure a significant financial boost while maintaining the club's existing ownership model and institutional structure.

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