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‘At risk of being sold’ – Enrique Riquelme questions Real Madrid finances and raises club sale concerns

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Enrique Riquelme (Photo courtesy: Instagram)
Photo courtesy: Instagram

The upcoming Real Madrid presidential election has taken an unexpected turn after candidate Enrique Riquelme publicly outlined the key pillars of his campaign while directly questioning several aspects of Florentino Perez’s leadership.

Speaking to Mundo Deportivo, Riquelme explained why he decided to enter a race that many observers believe will be extremely difficult to win

Despite Perez’s long-standing control of the club, the presidential hopeful insists some issues need to be openly discussed, particularly regarding transparency, spending and the future ownership structure of Real Madrid.

“Well, that’s probably exactly why. Twenty years without elections. It’s a project I’ve been working on for a long time, hoping to be able to help Real Madrid whenever it was needed.

“We realise that the club is at risk of being sold—and without any opposition, without a plan.

“I told them first: listen, this is a red line. And we’re not going to allow it. Many members cannot allow this.

“We’re not doing this for fun anymore. We’re doing it out of an ethical and moral obligation. 

“There are very few people who meet the requirements to run. Many people know it’s a risk and understand the reasons for opposing Florentino Perez. 

“But I don’t care, because in the end, I’m a Madridista. I’m a member of Real Madrid.”

Riquelme outlines election promises

Florentino Perez, President of Real Madrid
Riquelme has questioned Florentino Perez on several fronts. (Photo by Denis Doyle/Getty Images)

While acknowledging the scale of the challenge ahead, Riquelme remains confident that his campaign can gain support among club members.

The candidate believes his platform offers a clear alternative and claims that his team has developed a series of proposals to strengthen the relationship between the club and its members.

“Absolutely. Not only do we have a real chance, but we’re the only ticket with concrete proposals. 

“First, on the social front, putting the member at the centre of everything. We’ve put forward dozens of concrete proposals for members.

“Then there’s the financial plan, where we need to bring in more revenue. That’s being handled well, but there are some absurd expenses. 

“There are over 140 million euros in non-sports-related expenses, which is absurd. There are many things that need to be done and carried out.”

Questioning the finances

A major focus of his criticism centred on Real Madrid’s finances and the cost associated with the Santiago Bernabeu redevelopment.

Riquelme questioned whether supporters have been given the full picture regarding the club’s financial situation, saying:

“If you’re saying this is the club with the highest revenue, the best club, is there something he hasn’t told you? 

“There’s something financially unclear because the debt hasn’t even begun to be paid off yet.

“Of the 1.7 billion the stadium cost, is there anything else? If there is, now is the time to say so, because we have solutions if there’s a financial problem.

“What can’t happen is that of the club’s approximately 1.2 billion budget, 45% goes to sports expenses and 55% to non-sports expenses—to corporate expenses.

“The norm for a top-tier European club is 80% for sports-related expenses and 20% for corporate expenses. Here, there’s a huge difference.”

The European Super League project

Riquelme also addressed Florentino Perez’s long-standing involvement in the European Super League project and argued that Real Madrid should focus on protecting its own interests when dealing with football’s governing bodies.

Enrique Riquelme, Real Madrid presidential candidate
Enrique Riquelme has once again questioned the role of Anas Laghrari. (Picture credit: Instagram/@enriqueriquelmev)

Sharing his view on the controversial project, he said, 

“Let’s see, if Real Madrid is the club that generates the most revenue and contributes the most in terms of television rights, I understand that we need to put pressure on UEFA, the Spanish Football Federation, La Liga, FIFA, and all international organizations that provide or could provide revenue for Real Madrid so that we get as much as possible, because we really are the ones who generate the most.

“What cannot happen is the creation of a vehicle where the owners are groups very close to Florentino Pérez on a personal level. 

“The club is being used to create a competition, but the ownership is at the personal level of people close to him, and he drags everyone in and announces it as he does, against everyone’s interests, harming Real Madrid.”

Questioning Anas Laghrari

Regardless of whether Riquelme can seriously threaten Perez’s position, his campaign is already bringing attention to issues that have rarely been debated publicly around Real Madrid.

One of the strongest examples involves businessman Anas Laghrari, whose role around the club has become a recurring point of discussion among critics of the current leadership.

Riquelme made it clear that transparency is his primary concern and called for greater clarity regarding Laghrari’s involvement.

“Because there is a lack of clarity. He is making decisions at the club and we are concerned about how one person is bypassing all the usual channels and is a member, a delegate and a season-ticket holder without any transparency.

“He does not hold a specific position at the club and we see that, furthermore, through his private companies, he is leading all the processes that are destroying Real Madrid, including now the sale of the club.

“If nothing is going on, there’s no problem. Let this man come forward and explain how things stand. Well, there’s no problem, but that’s not what’s happening.”

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Real Madrid News

Real Madrid reluctant to pay La Liga midfield prospect’s €3 million release clause

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Sergio Martinez of Real Racing Club
Photo by Juan Manuel Serrano Arce/Getty Images

As reported earlier this week, Real Madrid are among the top clubs keeping a close eye on Racing Santander starlet Sergio Martinez.

The Merengues have been tracking the 19-year-old midfielder since January earlier this year and continue to monitor him, along with bitter rivals FC Barcelona as well as Villarreal.

Real Madrid refuse to pay €3 million release clause

Despite their interest, Mario Cortegana of The Athletic reports that Real Madrid are refusing to pay the €3 million release clause in Martinez’s contract at Racing Santander.

The Spanish capital club had already made an approach to sign the teenager back in January but the move did not materialise.

Having stayed with the Cantabrian outfit, Martinez signed a new contract with the club until 2029, but the deal contains a very affordable €3 million release clause.

Sergio Martinez of Real Racing Club
Martinez has a €3 million release clause. (Photo by Juan Manuel Serrano Arce/Getty Images)

However, as things stand, Real Madrid are unwilling to meet that valuation for the teenage midfielder and are exploring other means to secure his signing.

Real Madrid’s plan for Martinez

As per the report, if Real Madrid are successful in signing Martinez from Racing Santander, the club’s plan is to make him a part of the club’s reserve team, RM Castilla.

Indeed, the Merengues see him as a player for the reserve team for now, where they are needing reinforcements in midfield after the departure of Cesar Palacios, the potential exit of Manuel Angel, and the first-team promotion of Thiago Pitarch.

Whether such a move would appeal to Martinez remains a big question, considering that he has broken into the first team at Racing and even made a memorable La Liga debut this past weekend.

Sergio Martinez of Real Racing Club
Martinez scored on his La Liga debut vs Villarreal. (Photo by Juan Manuel Serrano Arce/Getty Images)

Indeed, starting against Villarreal, the 19-year-old starlet scored a stunning goal in the newly-promoted club’s 2-2 draw in the opening matchday.

So, apart from the club’s unwillingness to pay his €3 million release clause, Real Madrid would also face the challenge of convincing him to play in the Spanish third division with Castilla.

It will be interesting to see how the story progresses as we enter the final phase of the summer transfer window.

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