Florentino Pérez has returned as the president of Real Madrid after his rivals for the presidency all pulled out of the race.
Three other candidates who had originally announced they would be mounting bids, Eugenio Martínez Bravo, Juan Onieva and Eduardo Garcia, all pulled out of the running in the last fortnight, with the €57.4 million bank guarantee seeming to be the big stumbling block.
Garcia was the latest to withdraw on Friday, and that meant that unless another valid candidate presented himself, then Pérez would be elected unopposed on June 1.
"In the case of there existing only one valid bid, its members will immediately be proclaimed as the new members of the board of directors," the club announced at the start of the election process.
The 62-year-old businessman will take over from Vicente Boluda, who has been in the post since Ramón Calderón stepped down in January in the wake of allegations of voting irregularities at the club's last general assembly in December.
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Three other candidates who had originally announced they would be mounting bids, Eugenio Martínez Bravo, Juan Onieva and Eduardo Garcia, all pulled out of the running in the last fortnight, with the €57.4 million bank guarantee seeming to be the big stumbling block.
Garcia was the latest to withdraw on Friday, and that meant that unless another valid candidate presented himself, then Pérez would be elected unopposed on June 1.
"In the case of there existing only one valid bid, its members will immediately be proclaimed as the new members of the board of directors," the club announced at the start of the election process.
The 62-year-old businessman will take over from Vicente Boluda, who has been in the post since Ramón Calderón stepped down in January in the wake of allegations of voting irregularities at the club's last general assembly in December.
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