Real Madrid are reportedly considering selling a portion of their shares to external investors for the first time in the club’s history — a move that could reshape the financial structure of one of world football’s most iconic institutions.

According to Spanish media, club president Florentino Pérez believes that opening Real Madrid to foreign investment would allow the club to remain competitive with state-backed rivals such as Manchester City and Paris Saint-Germain.

Pérez is expected to present a detailed proposal outlining the potential model and safeguards at the club’s upcoming General Assembly next month. The plan would likely involve limited financial participation from external investors while ensuring that sporting and operational control remains in the hands of the club’s members.

Currently, Real Madrid is fully owned by its socios — a membership system that has defined its democratic structure for over a century.