Florentino Pérez has sent a direct message to the Real Madrid fanbase. If the members approve ceding 5% of the club to an external investor, that investor will have no decision-making power. The maneuver seeks to protect the club's economic assets in the face of potential changes to the Sports Law, which could force an unwanted privatization. The conclusion: the members remain at the helm.
The digital safeguarding of member voting rights 🛡️
For this promise to be technically and legally sound, the club will need to implement a digital governance system that separates economic rights from political ones. The creation of non-voting or limited-voting shares, registered on a private blockchain to ensure traceability, is anticipated. This would allow the investor to receive dividends without interfering in elections or key decisions. A development that, in practice, turns the member into a verifying node of the club's identity.
The silent investor: pays, stays quiet, and applauds 🤫
So the future investor of Real Madrid will have to take on a very grateful role: put up money, smile from the box, and not meddle. You know, like the rich relative who pays for dinner but can't have a say on the menu. Florentino has made it clear that if they want to be in charge, they should buy a football team in the Premier League. Here, power remains in the members' ballots, not in the investor's checkbook.