Real Madrid to call referendum on club ownership model

Real Madrid members are set to take a decision that will alter the history of the club in the months, with President Florentino Perez planning a referundum on the club’s ownership model. Los Blancos are one of four clubs in Spain’s top tier that are owned by their members, alongside Barcelona, Athletic Club and Osasuna. It is an ownership model that has been in place for the entirety of the club’s 123-year existence, but Perez feels that in order to compete with the riches of state-owned clubs such as Manchester City and Paris Saint-Germain, Real Madrid must adapt their model. Over the last two years, there has been a steady string of reports explaining that Los Blancos are considering other options, and last year Perez confirmed at the club’s General Assembly that he would be bringing a proposal to the members in the near future. Real Madrid have officially called a General Assembly for the 23rd of November, the same day that Los Blancos face Elche. That meeting will see the members approve the accounts for