Florentino Perez to remain Real Madrid president until 2021
Last Updated: 19/06/17 7:08am
Florentino Perez will stay on as Real Madrid president until 2021 after no other candidates presented a bid to rival the incumbent before Sunday's deadline.
Perez began his second spell in 2009 and has overseen three Champions League wins in the last four years.
The 70-year-old has barely had to contend with any rivals for his post since the La Liga club changed internal rules for presidential candidates in 2012.
The alterations mean anyone aspiring to be president has 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 €75m (£67m) 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 a free run to his third successive mandate and fifth overall.
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Perez first became Real president in 2000, seeing off incumbent Lorenzo Sanz by promising to lure winger Luis Figo from bitter rivals Barcelona, which he quickly delivered on by bringing the Portuguese international to the Spanish capital for a then world record fee of €62m (£54m).