Florentino Pérez has been re-elected Real Madrid president until 2030 after defeating Enrique Riquelme in Sunday's election.
Florentino Pérez defeated Enrique Riquelme and secured 65% of the votes in the election held on Sunday. With this result, the 79-year-old businessman will remain at the helm of the club at least until 2030. Pérez plans to develop the Madrid Innovation District on 85 hectares in Valdebebas, a project that requires an 8,500 million euro investment and reclassification of the land by the Madrid City Council. The campus would include companies focused on artificial intelligence, biotechnology and leisure. The president also seeks to resume concerts at the Santiago Bernabéu and build car parks next to the stadium. Both projects face legal hurdles and require political support from regional and municipal governments.
