By Richard Martin
BARCELONA (Reuters) – Florentino Perez will stay on as Real Madrid president until 2021, the European champions announced in a statement on Monday after no other candidates presented a bid to rival the incumbent before Sunday’s deadline.
Perez, who began his second spell in 2009 and has overseen three Champions League wins in the last four years, has barely had to contend with any rivals for his post since the Liga club changed internal rules for presidential candidates in 2012.
The alterations meant anyone aspiring to be president had to have been a member of Real for at least 20 years compared to the old requirement of 10 years, and have a personal guarantee of over 75 million euros ($84.00 million) from a Spanish bank.
The barriers saw off potential challengers in the last election in 2013 and no candidate has emerged in the 10-day period since the electoral process began on June 8, leaving construction magnate Perez, who turned 70 this year, a free run to his third successive mandate and fifth overall.
($1 = 0.8929 euros)
(Reporting by Richard Martin; editing by Ken Ferris)
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com