Sport Giant Real Madrid Seeks to Open Door for Outside Investors

Real Madrid, the 15-time European football champion, is seeking a major corporate shake-up that would hand over ownership to club members, effectively opening the door to third-party investors.

Under the proposal, members will become “the true owners of the club,” Chairman Florentino Pérez said during Real Madrid’s general assembly Sunday, without providing further details. “We have 100,000 members and we can distribute an asset that I believe is worth more than €10 billion ($10.5 billion)” among them, he said, adding that the proposal will be put up to a members’ vote.

Real Madrid celebrate winning the 2024 UEFA Champions League final against Borussia Dortmund in June.

Photographer: Ina Fassbender/AFP/Getty Images

Real Madrid is currently a non-profit club formed ...