One of the most significant proposals put forward by Florentino Pérez is the transformation of Real Madrid's ownership structure. Following his re-election, the club president is now in a stronger position to pursue a project that would involve selling a minority stake while maintaining members' rights over the club's assets. However, the election results have also highlighted the challenges such a proposal would face.

Real Madrid's statutes establish strict requirements for any change affecting the club's identity. Article 58 states that any transformation, merger, or dissolution of the club can only be approved through a referendum backed by an absolute majority of members entitled to vote.

Before reaching that stage, Florentino Pérez would first need approval from an Extraordinary General Assembly. Historically, this has not been a major obstacle, as the club's delegate members have consistently supported the board's proposals by overwhelming margins. It was before this body, on November 24, 2024, that Pérez first outlined his intention to modify the club's corporate structure.

The real challenge would come in the referendum itself. According to the club's statutes, the proposal would require the support of a majority of all eligible voting members, not just those who participate. With 75,219 members entitled to vote, at least 37,610 affirmative votes would be needed for the proposal to pass.

As a result, while Florentino Pérez may have secured another electoral victory, any attempt to alter the club's ownership structure would still require convincing a substantial portion of Real Madrid's membership.

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