TA: Real Madrid’s potential valuation is as high as 10 billion euros, and they are considering introducing foreign capital to change the membership ownership model

October 16th According to TA reports, Real Madrid is secretly advancing a plan aimed at changing the club’s traditional model of being entirely owned by members and opening the door to external capital for the first time.

Florentino believes that this move is crucial to remain competitive in today's football world dominated by sovereign wealth funds and billionaires. He is expected to announce a more specific plan at the annual membership meeting before the end of November, and may ultimately decide the fate of the club through a "referendum" by all members.

According to multiple sources, Real Madrid’s senior management is actively exploring various new models with the assistance of its key advisors, law firms that have been deeply involved in the European Super League plan.

At present, two core plans have surfaced:

Entity split model: split the club into two, the football business is still legally owned by members through charitable foundations, while the commercial operations (such as broadcast rights, stadium revenue, etc.) are established as independent companies, allowing external investors to take shares.

The Bundesliga "50+1" model: Drawing on the successful experience of the German league, external investors are allowed to hold up to 49% of the shares, but ensure that members always retain 50%+1 majority decision-making power, thereby firmly controlling the club.

Florentino's core motivation for promoting changes is not personal gain. He himself will not profit from it. All funds raised will be used to strengthen the lineup and pay for the high reconstruction costs of the Bernabeu, and no one will "cash out".

Florentino hopes to prevent any outside forces from completely controlling Real Madrid while ensuring the club's future competitiveness. Florentino made it clear in 2012: "I don't want to think too badly of anyone, whether it's the Arab sheikhs or the Russians, but this is our own thing."

This change has been brewing for a long time, but it is full of challenges. It is understood that a plan that had been discussed internally to allow members to sell their shares for between 50,000 and 100,000 euros has been rejected.

In addition, any scheme faces complex tax and legal issues. An industry source pointed out that the 49% stake under the "50+1" model may have limited appeal to investors due to the lack of control, thus affecting its commercial value.

No matter what plan is ultimately adopted, Real Madrid hopes to ensure that key decisions at the football level (such as coach appointment and dismissal, player transfers) are always made by the board of directors who are ultimately responsible to the members. One source even believes that Real Madrid's potential valuation is as high as 10 billion euros, which is comparable to the NFL's Dallas Cowboys. In the coming weeks, this historic change that may change the landscape of world football may begin.