Soccer-Renewables magnate Riquelme launches Real Madrid presidency bid - source
- On Thursday, renewable energy magnate Enrique Riquelme informed the Real Madrid board of his intent to run for president, marking the first challenge to Florentino Perez in two decades.
- Perez announced new elections this month despite having two years left on his mandate, following a turbulent season that brought no silverware and saw the abrupt sacking of manager Xabi Alonso.
- Under strict rules Perez implemented in 2012, candidates must be club members for at least 20 years and personally provide a bank guarantee worth 15% of the club's budget.
- Riquelme asserts his 75% stake in Cox ensures sufficient funds for candidacy, though Perez railed against "that man who talks with the electric companies and who has a South American accent."
- Under electoral rules, Riquelme has until Saturday to make a definitive decision on whether he will proceed with the bid.
53 Articles
53 Articles
The Spanish bank does not participate in the bank guarantee to businessman Enrique Riquelme, a statutory requirement necessary to attend the elections to the presidency of Real Madrid, they informed Europa Press in financial sources.Riquelme claims to have the bank guarantee for 15 percent of the budget of the club (about 187 million euros), a requirement established in the statutes to opt for the presidency of the white club, but that guarantee…
The great Spanish bank has refused to endorse the candidacy of Cox president Enrique Riquelme to run for the elections of Real Madrid. The Alicante businessman asked Banco Santander and BBVA for this guarantee of 187 million euros in order to be able to compete with Florentino Pérez in the elections convened by the president of the white club. However, both entities have refused to provide such support, according to financial sources aware of th…
Real Madrid appears to be on track for one of the most exciting and subversive election battles in its history, as Florentino Perez gains an extremely powerful and ambitious opponent.
On Thursday, two days before the closing of the nomination, Enrique Riquelme announced his candidacy for the presidency of Real Madrid.
There will be a fight for control of Real Madrid! Entrepreneur Enrique Riquelme officially informed the Spanish club's Electoral Board of his intention to compete against Florentino Pérez for the presidency of the Merengue group. Enrique Riquelme, through a letter, notified that he has “the will to run as a candidate for the Presidency of Real Madrid”, leading a candidacy for the board of directors. The document presented to the Electoral Board …
The bid is the first challenge in more than two decades to Florentino Perez's vice-like grip on the world's richest soccer club.
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