Real Madrid announced this Thursday, January 2, the start of the process of calling elections for the presidency of the board of directors of the white club in 2025. “The president of Real Madrid, Florentino Pérez, calls the Board of Directors of the club on January 7, 2025, at 5:30 pm, with the aim of starting the election process for the president and Board of Directors for the next four years,” Real Madrid reported in a statement.
Barring a major surprise, Florentino Pérez will run again for the fifth time in a row. In the elections of 2009, 2013, 2017 and 2021, the builder was proclaimed as the president as he was the only candidate in the election.
Real Madrid’s laws detail seven requirements that candidates for president need. In addition, it was explained that the candidates must guarantee 15% of the general budget of the white club. Madrid’s current budget is 1,127.9 million euros, so the candidacy presented has to guarantee almost 170 million euros.
THE 7 REQUIREMENTS OF THE CANDIDATES
According to the status of Real Madrid
1. Be Spanish.
2. Of legal age and with full capacity to act.
3. Be timely in fulfilling social duties.
4. Be a member of the Club with at least twenty years of uninterrupted seniority in the case of the President, fifteen years in the case of the Vice Presidents.
and ten years in other cases.
5. Not subject to punishment that disqualifies him from holding management positions.
6. Not hold a managerial position in another Football Club, or be active as a Player, Referee, Coach or Coach of the same at the time of proclamation as a candidate.
7. Contribute 15% of the club’s general expense budget as collateral.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
