Khaberni - Real Madrid is moving towards a historic transformation in its financial structure, through the sale of minority stakes in a new commercial entity to international investors, aiming to boost its financial capabilities while maintaining control by its members (Socios).
According to exclusive reports published by the Spanish newspaper ESdiario, the royal club has already identified two main partners for this operation: French billionaire Bernard Arnault, owner of the luxury goods giant LVMH group (which includes brands like Louis Vuitton and Moët Hennessy), and Emirati investments.
Sources indicated that agreements with both parties had been reached months ago, as part of a plan to partially transform into a limited company.
This development, according to Insider Real, is part of President Florentino Perez's vision to enhance the financial sustainability of the club, especially with ongoing major development projects such as the renovation of the Santiago Bernabeu Stadium.
It is expected that the main control will remain in the hands of the members, similar to the German model followed in clubs like Bayern Munich, where fans retain the majority, while strategic investors contribute minority stakes that do not grant them decision-making power.
Bernard Arnault, who is ranked among the richest people in the world, is currently a business partner of Real Madrid, as his group became the official sponsor of the football and basketball teams at the club since June 2025. The Emirati side reflects the growing interest in investing in prestigious global sports assets, thus opening new prospects for enhancing the club's commercial and global revenues.
The final details of this plan are expected to be presented at an extraordinary general meeting of the members, with care taken to ensure that the sold stakes do not exceed 10% of the new capital, to prevent affecting the historical social identity of Real Madrid.
This transformation sparks extensive debate among fans, between those who see it as an opportunity to enhance financial competitiveness, and those who fear its impact on the club's long-term independence.
This potential announcement represents the biggest change in the ownership of Real Madrid since its founding in 1902 and is likely to enhance its status as one of the economically strongest clubs in the world, while maintaining its essence as a popular club owned by its members.
