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Over the past decade, an intense fixation has emerged surrounding the club’s legacy—primarily its stadium and the Super League—and the financial stewardship exemplified by its privatization efforts.

I remember distinctly the circumstances and motivations behind casting my vote for Florentino Pérez in 2000. Having just turned 18, I embraced this democratic milestone with earnestness. Disenchanted by the tenure of a lackluster president who controversially favored his own children within the football and basketball squads—emulating a management style reminiscent of Jesús Gil—I sought change. The club’s members faced uncertainty, and to me, the transfer of Figo was inconsequential. What truly persuaded me were two firm commitments from Florentino: the establishment of a strict ethical code prohibiting board members’ companies from engaging in business with Real Madrid and delegating sporting decisions to Jorge Valdano.

Initial Triumphs and Ethical Governance

The early years under Pérez’s leadership were marked by remarkable success. His adherence to the declared promises was evident, as Valdano projected a professional, courteous, and refined representation of the club’s affairs. This approach contrasted sharply with previous management and symbolized a new era of integrity and competence within the sporting domain.

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