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The original was posted on /r/soccer by /u/FlyingWaterMen on 2025-01-03 14:33:40+00:00.

Original Title: Florentino Pérez prepares the referendum on the possible transformation of Real Madrid into a Sports Public Limited Company (SAD). Almost 100,000 Real Madrid members would become the owner of a share, that could only be transferred to family members and/or the Real Madrid Foundation.