Real Madrid assembly scheduled without ownership model change

Real Madrid's November 21 assembly will cover finances and Rafa Nadal's board appointment, but not Pérez's proposed ownership model change.

Real Madrid announced its General Assembly will take place on Saturday, November 21, 2026, held both in-person and remotely at the basketball pavilion in the Ciudad Real Madrid. The Ordinary General Assembly begins at 9:00 AM (10:00 AM if a second call is needed), while the Extraordinary General Assembly will address a single agenda item: ratification of tennis legend Rafa Nadal Parera as a member of the club's board of directors.

The Ordinary Assembly's agenda includes approval of the 2025/2026 financial statements, the consolidated budget and activity plan for 2026/2027, and member fee proposals for the 2027/2028 season. Notably absent from either assembly's order of business is the ownership model change that president Florentino Pérez has long pursued—a plan to bring in a private investor for a 5–10% stake while keeping the remainder in members' hands through a foundation. That proposal would require a separate assembly to authorize a referendum open to all club members, not just the delegates who participate in ordinary assemblies.