This step will not affect the traditional ownership model that distinguishes the club since its foundation. This step requires a referendum among the members, which means it is not inevitable and is still under discussion. The 'Cope' network stated: 'The club has its future plans that do not include converting the club into a joint-stock sports company'. Emphasizing that ownership will remain in the hands of the members as it is now. Real Madrid from any future investment step aims to enhance financial stability and develop infrastructure. The newspaper 'El Pais' reported that the Real Madrid administration is working on selling the club's shares to external investors. It said: 'Real Madrid is studying the sale of up to 10% of the club's shares to an external investor'. It added: 'Florentino Perez proposes bringing in an investor with a stake of 5-10% in the club, while keeping the remaining 90-95% in the hands of the members'. Indicating that the 'Royal' club members can sell their membership or their stake for about 100,000 dollars. It mentioned that the preliminary valuation of the club's value was estimated at over 10 billion euros by Perez. It stressed that the plan includes creating a 'new entity' within the club framework to ensure that the investor does not get strong voting rights, and participation remains under the control of the members.
