Real Madrid also plans to sell shares to cash out

Real Madrid Football Club chairman Florentino Perez said on Sunday local time that he planned to allow foreign investors to invest in Real Madrid for the first time in order to maintain and enhance the market value of this La Liga giant.

Real Madrid held a shareholder meeting on Sunday. Florentino Perez proposed this motion and will vote on it at subsequent meetings: "We hope that the historic structure can meet the challenges of the future. Now more than ever, we need our 100,000 members to actively protect the tradition, but at the same time, we must move into a new era so that the club can develop stably...".

"If someone is willing to invest huge sums of money to purchase symbolic club shares, this is undoubtedly the best proof of Real Madrid's market value." The Real Madrid president continued: "This investor, or investors, must respect our values, contribute to the development of the club and help us protect our assets from external attacks".

Early this month, Apollo Sports Capital, a global sports investment company from the United States, successfully acquired Real Madrid’s rival Atletico Madrid Football Club. About last week, it was reported that Florentino Perez was preparing this major plan to sell 5% to 10% of the shares of Real Madrid Football Club to external investors to introduce new funds. It is estimated that this will have a significant impact on Real Madrid's economic structure.