Real Madrid Members to Vote on Accounts Nov. 21
Club members will approve last season's finances, but no statute change is on the agenda for stakeholders to weigh.
Updated on Nov. 2, 2026 in Corporate Finance
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Real Madrid will hold a general assembly of members on Saturday 21 November 2026, coinciding with its match against Celta Vigo. The assembly will vote on approving last season's financial accounts, but its agenda does not include a proposal to amend the club's statutes.
Why it matters
The assembly is the first to bring President Florentino Pérez and his board together with member representatives since his June election victory. Management has held off on the statute-change proposal he previously outlined, citing the legal complexity and fallout such a change would bring.
Real Madrid posted record revenues of 1.221 billion euros last season, its third consecutive year above one billion euros. The club counts approximately 100,000 members as its true owners, a base whose representatives will vote on last season's financial accounts on 21 November.
The players
Real Madrid
Spanish football club whose revenues exceeded one billion euros for a third consecutive season, with approximately 100,000 members.
Florentino Pérez
Real Madrid president who won the club's June election and has pursued a statute change for the club's governance.
The details
The agenda follows the usual procedures and includes approval of last season's financial accounts, but excludes any change to the club's statutes. Any statute change would first require initial approval from member representatives, then ratification through a referendum of the entire membership. Pérez has said an extraordinary general assembly will be called at the right moment to debate and vote on the proposal.
Timeline
Last June: Pérez won Real Madrid's presidential elections.
Last year: Pérez announced principles for a statute change at a general assembly.
Saturday 21 November 2026: Real Madrid general assembly of members is scheduled, coinciding with the Celta Vigo match.
Market Landscape
Real Madrid's revenues have now exceeded one billion euros for three consecutive seasons, placing it among the highest-earning clubs internationally. Its member-owned structure means governance changes must pass both a member-representative vote and a full membership referendum before taking effect.
Stakeholders following Real Madrid should note that the statute-change proposal is not on the November agenda, so governance changes remain pending. Member representatives will vote on the financial accounts, and any future statute change would require both representative approval and a full membership referendum.
The takeaway
Real Madrid's record revenues and its member-owned structure make the financial accounts vote a useful signal of the club's commercial health. Track whether an extraordinary assembly on the statute change is announced, since any such proposal would require both member-representative approval and a membership referendum.
What happens next
Real Madrid's general assembly of members takes place on Saturday 21 November 2026, where the financial accounts for last season will be voted on.
Further reading
For more on how large organizations report and approve financial results, see the Corporate Finance section.
Source note: This article includes information reported by Goal.
Live Poll
Will Real Madrid's members approve restructuring the club's legal form by the end of 2027?
