“Mobile phones are off and out of the room”

What management model for real Madrid will propose tomorrow Florentino Perez to the delegated members in the Assembly? That is the big question for tomorrow’s meeting and where, despite not being included in the agenda sent to all of them, it is expected to be one of the issues to be addressed as soon as it begins.

It is one of the best-kept secrets of the new president who asked compromising partners he met this week for complete secrecy. Their intention is to have ‘feedback’ on what they think about this new management model. So he banned the use of cell phones and forced everyone to take them out of the room.

Until now the real Madrid It now has two companies within the club. One is in charge of running the Bernabéu. This is a North American company Legends. And then there is society created for sports facilities.

According to what emerged from these meetings, the model was proposed Florentino Perez for him real Madrid It passes through a society in which 51% belong to the Foundation of the club and the remaining 49% belong to the members. In this way he wants to protect the entity from external threats. The big question is: And how do you do it if not by being SAD?

Because the new Sports Law in force since December 30, 2022 includes only two possible models for professional competition: sports club or SAD. This is clearly stated in article 94 regarding the “delimitation of the legal form for participation in professional competition” where it states that “participation in professional competitions can be carried out through public limited sports companies or sports clubs in accordance with the provisions of article 63, provided that they are regularly constituted and registered in the corresponding sports registry.”

The difference with the previous Sports Law is that it does not force clubs to become SADs that enter professional football. But those who take the step, and in accordance with article 69 of the same law “can adopt the form of sports corporations in accordance with the provisions of article 94, and will be subject to the general regime of capital companies, with particularities that The they are contained in this law, its implementing regulations and the commercial regulations applicable to them.

That same article clarified in three points that “sports corporations shall have as their corporate purpose the participation in professional sports competitions and, where appropriate, the promotion and development of sports activities, as well as other activities related to or derived from said training, always referring to a single sporting modality or specialty”.

And then there are other topics he intends to address tomorrow. Starting with the economic situation already, and according to the accounts to which he had access MDwill not be as lively as it seems. Mainly as a result of the Bernabéu remodeling costs. In fact, and as this newspaper has learned, it charges as ordinary expenses associated with this work. It also includes less current assets than current liabilities, indicating that it does not have sufficient sources of liquidity to pay off its short-term debts. Added to all this are the losses generated by the impossibility of exploiting the stadium for concerts, the problem of the underground parking of the stadium itself or the controversy of SkyBar which has not yet been launched after the last dealer in this space was bullied.

But all this will not be discussed this Sunday in an appointment where he will once again talk about the Super League, LaLiga de Javier Tebas where now the club is again part of the Delegated Commission, UEFA or the controversy of the Ballon d’Or final decision and the club’s refusal to travel after knowing that Vinicius He didn’t win.