city owners moves to buy real madrid

[HANDYMAN]

Manchester City owner Sheikh Mansour to offer one billion eu - IMScouting

Sheikh Mansour, the owner of Manchester City , has sensationally been linked with a move to buy Real Madrid by Spanish newspaper AS.

The member of the Abu Dhabi royal family has instructed intermediaries to approach Real Madrid president Florentino Perez and a meeting is expected to take place in early 2010.

It was long believed that Spanish clubs such as Real Madrid and Barcelona could not be bought from the fans who own the club.

But, AS points out a statute in the laws governing Real Madrid that open the possibility of "Transformation, merger and extinction of the entity" through a referendum (Article 58) among all share holders.

Reports also suggest that Sheikh Mansour is willing to take on the debts at Real Madrid which would entice many to back the bid.

Sheikh Mansour is the brother of the ruler of Abu Dhabi, he spent over 200 million pounds securing ownership of Manchester City in August 2008.

this reply from a city fan had me laughing.

"This would be a massive buy for our owner. As a massive city fan I think he would use Madrid as a feeder club for city as its a well known fact here in Stockport that he will use all in his power to get us as close to United as possible.
Massiveblue..,December 27, 2009"

they are ******* deluded blue tw@ts. hahahahaha

[Sownak27]

Manchester City owner Sheikh Mansour to offer one billion eu - IMScouting

Sheikh Mansour, the owner of Manchester City , has sensationally been linked with a move to buy Real Madrid by Spanish newspaper AS.

The member of the Abu Dhabi royal family has instructed intermediaries to approach Real Madrid president Florentino Perez and a meeting is expected to take place in early 2010.

It was long believed that Spanish clubs such as Real Madrid and Barcelona could not be bought from the fans who own the club.

But, AS points out a statute in the laws governing Real Madrid that open the possibility of "Transformation, merger and extinction of the entity" through a referendum (Article 58) among all share holders.

Reports also suggest that Sheikh Mansour is willing to take on the debts at Real Madrid which would entice many to back the bid.

Sheikh Mansour is the brother of the ruler of Abu Dhabi, he spent over 200 million pounds securing ownership of Manchester City in August 2008.

this reply from a city fan had me laughing.

"This would be a massive buy for our owner. As a massive city fan I think he would use Madrid as a feeder club for city as its a well known fact here in Stockport that he will use all in his power to get us as close to United as possible.
Massiveblue..,December 27, 2009"

they are ******* deluded blue tw@ts. hahahahaha

I lol'd

[Owenzy]

This would be very interesting if it developed. Maybe he realises that he can't buy all the stars as they have just moved to Madrid. He's given up on City and wants success now.

[Menlo]

HAHAHAHAHAHA at that City fan. Real Madrid a feeder club, oh dear. Amazing the amount of money people have, I wonder whether they ever stop to think about giving some millions to the starving kids in Africa, or about building schools there? No?

[Madridista]

It's impossible to happen. He has to be Spanish and a member of the Club. There was a Chinese billionaire who wanted to handle us 1 billion because he is a fan of the Club and was told to spend it elsewhere. The Club's politic and policy doesn't allow it. It's as simple as this.

[Carlo]

Can't buy Real unless you are a corrupt Spanish official!!!

[Sownak27]

^^
Basically.

[TheManc]

I would love it if this happened.

City are probably the only club in the world who can mess up being rich

[hdcantona]

Couldn't happen could it? conflict of interests? surely the fa/spanish fa could block it or something?

[davon01]

roflmfaoooo..u got that right...

[Sporting4Ever]

Couldn't happen could it? conflict of interests? surely the fa/spanish fa could block it or something?

The FA couldn't do anything about it, but it's the club that protects itself.

That Article mentioned, the one that could allow the "Transformation, merger and extinction of the entity" through a referendum", I very much doubt it's a decision by the share holders, if indeed Madrid are a stock market club. It has to be a decision by the members, which means the people that pay the monthly quotas, and even then, I doubt that that vote could pass with a simple majority.

I don't know if madridista has a membership in Madrid, and if he knows about that statute, but that's what we have here in Sporting. Altough I don't think we have a nationality bias, it IS required that he be a member for at least 10 years, AND he needs to be elected, you cannot just buy your way in.

[Madridista]

The FA couldn't do anything about it, but it's the club that protects itself.

That Article mentioned, the one that could allow the "Transformation, merger and extinction of the entity" through a referendum", I very much doubt it's a decision by the share holders, if indeed Madrid are a stock market club. It has to be a decision by the members, which means the people that pay the monthly quotas, and even then, I doubt that that vote could pass with a simple majority.

I don't know if madridista has a membership in Madrid, and if he knows about that statute, but that's what we have here in Sporting. Altough I don't think we have a nationality bias, it IS required that he be a member for at least 10 years, AND he needs to be elected, you cannot just buy your way in.

Real Madrid is not a profit making company listed on the stock market where anyone can bid for it and have it. It's a sport society owned by its memebers and covers different kind of sports, hence the reason it is backed by local banks and billionaires as all the profits are invested back into the society, and the Club itself offer a lot to Comunidad de Madrid[Community of Madrid].

In reallity, it's not only the Club offering great service to the society and being a gold mine to it, the reason a foreigner will never put his hands on it, it's the whole idea of Real Madrid being an independent organization for the people of Madrid. There's not a single member of Real Madrid who'll ever be entertained by the idea of selling the Club - it's a lunatic idea this, then you have the Club's policy which forbids foreigners, non-members, the use of private money... You won't get a season ticket if you are foreigner, let alone somebody allowing you to step in the presidential department.

To become eligible for the presidential post, every candidate must be Spanish and been a member of the Club for the last ten years, guarantee 15% of the Club's budget - this season it was estimated on 57 million €, and presidents are not allowed to work with their own money, it's all the Club's money.

It's much more complicated and detailed than this really, not anyone who meet the requirements will be allowed to be a candidate even if it's against the Club's policy. The president must be a trusted Madridista and a billionaire, so if he mess up he won't get away with it.

EDIT: Yes, Sporting, I've been a member for 16 years.

[dlan4327]

Couldn't happen. Mainly because it would be a conflict of interest should the 2 clubs ever meet, right?

I mean, in the event City ever made it into the Champions League.

[Madridista]

I've no idea if UEFA will allow it to be honest.

[Adam]

"This would be a massive buy for our owner. As a massive city fan I think he would use Madrid as a feeder club for city as its a well known fact here in Stockport that he will use all in his power to get us as close to United as possible.
Massiveblue..,December 27, 2009"

they are ******* deluded blue tw@ts. hahahahaha

that's a red wum. got to be.
mentions massive too often. stockport too, that's a united dig at city's local fans.
class though

[Sporting4Ever]

Real Madrid is not a profit making company listed on the stock market where anyone can bid for it and have it. It's a sport society owned by its memebers and covers different kind of sports, hence the reason it is backed by local banks and billionaires as all the profits are invested back into the society, and the Club itself offer a lot to Comunidad de Madrid[Community of Madrid].

In reallity, it's not only the Club offering great service to the society and being a gold mine to it, the reason a foreigner will never put his hands on it, it's the whole idea of Real Madrid being an independent organization for the people of Madrid. There's not a single member of Real Madrid who'll ever be entertained by the idea of selling the Club - it's a lunatic idea this, then you have the Club's policy which forbids foreigners, non-members, the use of private money... You won't get a season ticket if you are foreigner, let alone somebody allowing you to step in the presidential department.

To become eligible for the presidential post, every candidate must be Spanish and been a member of the Club for the last ten years, guarantee 15% of the Club's budget - this season it was estimated on 57 million €, and presidents are not allowed to work with their own money, it's all the Club's money.

It's much more complicated and detailed than this really, not anyone who meet the requirements will be allowed to be a candidate even if it's against the Club's policy. The president must be a trusted Madridista and a billionaire, so if he mess up he won't get away with it.

EDIT: Yes, Sporting, I've been a member for 16 years.

Here we have the clubs, like you have there, but we also have an anonimous sporting society, which is a tradable value on the stock market, but the controling stocks will always belong to the club. This ASS controls the professional football of the club, but all other sports the club participates (athletics, handball, futsal, hoquei, gymnastics, etc.) belong just to the club. So we have both members in the club, and stock holders in the ASS, and the ASS president is also the club's president, elected by a vote of all members over 18, with at least 1 year of membership. Also, the lower the membership number (meaning the longer the membership), you have a higher number of votes. Sporting currently has over 100.000 members, and my number is 7.600, so I've been a member for quite a while.

[PeeJay]

I'm not an expert on the subject but if the Real Madrid members vote for the club to turn into a
PLC then there's no reason why it shouldn't happen.

[haggler]

spanish fans would not let it happen ---they would boycott the club

[Sporting4Ever]

I'm not an expert on the subject but if the Real Madrid members vote for the club to turn into a
PLC then there's no reason why it shouldn't happen.

That's nearly impossible, given their history and mindset. I cannot imagine that over half (and that's if you only need a simple majority, which I doubt) of their members would vote to sell their club to foreigners.

[PeeJay]

That's nearly impossible, given their history and mindset. I cannot imagine that over half (and that's if you only need a simple majority, which I doubt) of their members would vote to sell their club to foreigners.

I said that it's possible, not plausible.