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Florentino Pérez will remain as president of Real Madrid until 2021 after no other candidates ran against him, the Spanish champions announced on Monday.
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 global to the Spanish capital for a then world record fee of 62 million euros.
“As no other candidature was put forward to the board … it is proclaimed that Mr Florentino Pérez Rodríguez is president of Real Madrid“, the club said in a statement.
The electoral board also ratified that Fernando Fernandez Tapias, Eduardo Fernandez de Blas and Pedro Lopez Jimenez will continue as Perez’s vice presidents.
The large-scale investment in top talent could not initially help the club keep up with Barcelona for silverware and it was not until four years into his second premiership that the team won the La Liga title in 2012, with a first Champions League triumph in 12 years following in 2014.
During that time Perez also employed six different managers before finally quitting himself in February 2006 after seeing Madrid go three years without winning a major trophy.
Following Perez’s re-election, Madrid splashed out around £225million on the likes of Cristiano Ronaldo, Kaka, Karim Benzema and Xabi Alonso in the summer of 2009.
Samuel Marsden covers Barcelona for ESPN FC.