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Real Madrid President Florentino Perez talks to media at Real Madrid Sports City in Valdebebas, in the outskirts of Madrid, on May 12, 2026. [Javier Soriano/AFP]

Real Madrid officially started their electoral process on Thursday, after president Florentino Perez announced his decision to call elections, in which he will stand.

There is a 10-day window, until May 23, for the submission of candidacies, Madrid said in a statement.

Among the requirements to be a candidate are having been a club member for 20 years and providing a guarantee of 187 million euros ($219m), equivalent to 15 per cent of the club's annual budget, which personal assets must back.