Man City and Real Madrid form unlikely alliance
G Balagay
Money talks and sometimes the most unexpected conversations take place.
As I have been writing in The Daily Mirror today, Manchester City owner Sheikh Mansour and Real Madrid president Florentino Pérez have been business associates for a few years and representatives of both clubs met in December to ‘catch up’ and discuss football issues.
During those conversations, a question was put to Perez: Could the Sheikh ever buy Real Madrid? The answer was ‘no’. The Spanish club is owned by its members: it is not a plc that can be acquired through the stock market.
There is, however, a little known clause in the club’s statutes that could be exploited to permit the club to be sold, but that would require the club’s members to approve Real Madrid’s conversion into a limited company via a referendum.
However, that is extremely unlikely to happen. Spanish fans have seen what has happened to clubs in England and, understandably, would prefer to keep hold of their right to have a say in how their clubs are run, rather than selling off the family silver to some faceless foreign investor.
The Sheikh’s representatives even enquired about the possibility of paying off some of Madrid’s debts in order to have a role in the Spanish club’s administration. Perez, however, is uninterested.
The meeting did have one positive outcome that will benefit both Man City and Real Madrid in the short term, as both clubs have agreed upon a co-ordinated strategy regarding transfer activity: they will avoid targeting players being pursued by the other club.
Such ‘gentleman’s agreements’ are not unheard of in football, and a similar deal was put to the test last summer when Real Madrid entered into negotiations with David Villa and Barcelona promised to keep away until their rivals` interest came to an end after failing to agree terms with Valencia.
Villa has frequently been linked with clubs like Chelsea, Manchester United and Man City, but the rumour in Spain was that Florentino did manage to agree a deal that would see the player move to the Bernabeu next summer – allowing debt laden Valencia to attract the vital investment necessary to secure their survival.
No doubt the strength of these agreements, and others like them, will be tested over the course of the next few transfer windows.