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Florentino P茅rez faces first election for Real Madrid leadership in 20 years

BARCELONA, Spain (AP) 鈥 For the first time in 20 years, Florentino P茅rez’s Real Madrid reign will be challenged at the ballot box.

The world鈥檚 most valuable and most successful soccer club will hold elections on Sunday.

P茅rez, the 79-year-old executive who for the past two-and-a-half-decades has made Madrid the global powerhouse to beat, will face an upstart rival half his age who is making big promises to convince the club’s 98,000 members to consider a change.

Enrique Riquelme, 37, was still a boy when P茅rez first took over. He remained unknown to most Madrid fans until he stepped forward as a rival candidate after the incumbent last month in a press conference dominated by P茅rez’s claims the Spanish media is trying to 鈥渒ill鈥 his presidency.

鈥淲hy do they want to kill me?” an agitated P茅rez told reporters on May 12. “Why? Because there are some kids out there saying they want to run? Well, let them. I would love them to.鈥

Riquelme, a renewable energy executive, has surprisingly been able to mount a credible threat. That’s thanks to the backing of former Madrid players like Ra煤l Gonz谩lez and promising huge, and arguably far-fetched, signings like that of .

Riquelme has the names, but does he have the clout?

Riquelme got a big boost when Madrid great Ra煤l, its record holder for games played, former goalkeeper Iker Casillas and ex-defender Fernando Hierro joined his campaign.

Ra煤l would be Riquelme鈥檚 sports director, a role that doesn鈥檛 exist now, while Hierro would oversee its youth academy. Casillas鈥檚 exact role was not defined.

Riquelme also said he wanted to sign Spain midfielder Rodri, who has one year left on his contract with City.

But Riquelme鈥檚 big lure dangled to voters this week, his claim that 鈥淗aaland wants to come to Madrid,鈥 prompted City to dismiss any chance of negotiating for the sale of its top-scoring striker who is under contract until 2034.

That didn鈥檛 stop Riquelme going on Spain鈥檚 state broadcaster TVE and doubling down on his pledge.

鈥淚f I am made president of Real Madrid on Sunday, Haaland will play for Real Madrid,鈥 he said on Thursday.

Then it was the turn of Haaland’s entourage to shoot it down.

鈥淎ll very entertaining but not true. We wish all the best for both candidates in the Madrid elections,鈥 Haaland鈥檚 agent, Rafaela Pimenta, told the AP in a short statement on Friday.

鈥淚t must be a bluff,鈥 was P茅rez’s opinion.

P茅rez has earned status as top dog

Not to be outdone, P茅rez said Thursday that next week 鈥 after the election 鈥 he would announce the 鈥渕ost expensive transfer in the history of Real Madrid,” worth, he said, at least 150 million euros ($173 million).

He knows a thing or two about promising apparently impossible signings 鈥 and then making them come true. He won his first elections in 2000 when he swore he would sign then-Barcelona forward Luis Figo. And that he did.

Now, P茅rez has promised to , Madrid鈥檚 coach from 2010-13, and sign Liverpool defender Ibrahima Konat茅, a free agent, and Inter Milan鈥檚 Denzel Dumfries, if he is given another four years.

While those names are unlikely to thrill all of Madrid鈥檚 members, Mourinho鈥檚 abrasive style left the fanbase divided, P茅rez鈥檚 pledges do have the value of being completely credible.

Besides Figo, he has consistently delivered on his transfer targets, from Zinedine Zidane and David Beckham, to Cristiano Ronaldo and, most recently, after years of trying, Kylian Mbapp茅.

And, regardless of his plans, P茅rez’s wildly successful record is his best pitch.

In his two stints, from 2000-2006 and from 2009 until now, Madrid has won seven of its record 15 European Cups, along with a slew of other titles, including seven La Liga crowns and three Copa del Reys.

That all has been fueled by healthy finances as it was transformed into a global brand under P茅rez, who also runs a major international construction company: Madrid has topped the Forbes Money League of the world鈥檚 most valuable soccer clubs for five consecutive seasons.

But P茅rez also has weak spots

P茅rez’s Super League project meant to transform European soccer and replace UEFA鈥檚 Champions League with a club-run competition in the face of backlash from some fans, many smaller clubs, and UEFA.

And so far his bet on Mbapp茅 has not panned out. In the star鈥檚 two seasons at Madrid it has won no major titles, while P茅rez has parted ways with three coaches in Carlo Ancelotti, Xabi Alonso and 脕lvaro Arbeloa.

Riquelme is also taking aim at the idea P茅rez floated last year to , a move that would break with 124 years of the member ownership model.

P茅rez ran unchallenged when elections were to be held in 2009, 2013, 2017, 2021 and 2025. His latest term was set to expire in 2029.

Riquelme has reiterated previous complaints that changes P茅rez’s board made to the club statutes in 2012 made it more difficult for members to present a candidacy for the presidency.

Since then, a presidential candidate has had to be a club member for 20 years and have collateral equivalent to 15% of the club budget.

鈥淭he most important thing is that after 20 years, due to a complete lack of democracy and impediments year after year so that other members of Real Madrid can run, now the moment to vote has arrived,鈥 Riquelme said.

P茅rez stepped down in 2006 following a bad season but returned to power in 2009.

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AP soccer writer James Robson contributed to this report from Manchester, England.

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