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Florentino Perez bids farewell to Real Madrid Presidency?

Florentino Perez bids farewell to Real Madrid Presidency?

If reports are to be accepted, Real Madrid President Florentino Perez may be nearing the end of his tenure as club president. Yes, Real Madrid Presidency might see a major change. The rumour that Perez might be thinking about quitting the club was first reported over the weekend, and MD has since confirmed it. Although a departure is not imminent, the Catalan daily suggests that he is considering exit strategies for the next years.

In reaction to these rumours, Real Madrid issued a statement denying that he would be departing the team over the weekend. The statement also refuted the notion that a motion was being prepared to rename the club’s Valdebebas training facility in his honour. Theoretically, Perez is considering alternatives to himself because he does not want the club to experience a period of unrest similar to when he left the team for the first time in 2006.

Real Madrid Presidency:

Florentino Perez bids farewell to Real Madrid Presidency?

It should be noted that this is probably a short list because of the requirements. Anyone seeking to take over the club must now have been a member for 20 years, be Spanish, and be able to put together a bank guarantee of 15% of the budget, or about €120 million at this point, after Perez passed a motion to change the club’s bylaws. Although the candidate in issue won’t have to put up all the cash, it is obvious that banks won’t finance that kind of arrangement for anyone.

Any departure would only take place following the opening of the new Santiago Bernabeu, which is anticipated for late 2023 or early 2024. This, in Perez’s opinion, is the last piece of his legacy. When that is done, he will have accomplished everything that could be measured in terms of football during his 20 years as President.

Perez considering quitting Real Madrid for that precise reason would not come as a surprise, but it is also at odds with his iron grasp on authority at the club. In terms of football, Real Madrid would continue to be in capable hands as long as General Director Jose Angel Sanchez kept a tight eye on everything.

So, this was all about the latest news on Real Madrid Presidency. Also read, RUMOUR HAS IT: Mitoma signs Machester City?

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