The president who formed ‘the Galactics’ is now linked with Real Madrid until 2025.
Florentino Perez, a man famous for his approach and philosophy in the transfer market, who formed ‘the Galactics’, has been re-elected president of Real Madrid and will remain at the helm of the Merengue for another four years, until 2025. The 74-year-old manager has served as president twice with the La Liga giants, spending a total of 18 years in Spain’s most demanding and important role in sport.
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His first stint with Real Madrid brought a number of notable additions between 2000 and 2006, and having returned to the club’s presidency in 2009, he is now ready to continue throwing the punches after not facing no opposition in the last ballot. Confirming the news on the club’s official website, Real said: “On April 13, 2021, in Madrid, at 12:01 am, at the headquarters of the Electoral Council of Real Madrid Club de Futbol, the people listed at the beginning meet to discuss and decide on the issues listed below “.
“CIn view of the existing health situation resulting from Covid-19, the president, Mr. José Manuel de Carlos Grau, has decided that members of the Electoral Council who so wish can participate by telematics. Having presented no more than one candidacy declared by this electoral commission and by virtue of article 40, section E, point 2 of the current statutes of the club, Mr. Florentino Perez Rodriguez is declared president of Real Madrid“.
Any candidate wishing to take up a presidential position at the Santiago Bernabeu must have been a member or socios for at least 20 years and have the personal wealth necessary to obtain a bank guarantee of at least 15% of the club’s budget. Florentino Pérez ticks those boxes as a wealthy businessman who has worked in the construction industry and local politics. He had called another election in Madrid on April 1, with potential candidates having until April 12 to run.
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No one showing up, Florentino Pérez was re-elected unopposed for the third time in a row – after retaining control of Real in 2013 and 2017. Taking the reins of the club from the Spanish capital in 2000, Perez quickly moved on to transform Los Blancos’ recruitment policy. He wanted to acquire the best talent in the market, with his intentions on display when he lured Luis Figo away from rivals Barcelona in a now infamous transfer.
Deals for Zinedine Zidane, Ronaldo, David Beckham and Fabio Cannavaro followed. The last wave of Galactic additions came in the summer of 2009, Real Madrid making an XXL transfer window. During this transfer window, the Merengue signed Cristiano Ronaldo, Kaka, Karim Benzema and Xabi Alonso. Another transfer record was later broken when Gareth Bale signed from Tottenham in 2013. Business has slowed since then, with the financial impact of Covid-19 hitting even the wealthiest clubs hard, but Real Madrid. remains in the brand additions market and has strong ties to Paris Saint-Germain striker Kylian Mbappé and Borussia Dortmund striker Erling Haaland.
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