Enrique Riquelme Seeks Foreign Bank Backing for €187m Real Madrid Guarantee

Enrique Riquelme has not obtained support from Spanish banks for the €187 million guarantee required to stand in the Real Madrid presidential election. He is negotiating with foreign banking institutions and appears to have found backing for the guarantee, although its certainty is disputed.

The €187 million guarantee is a prerequisite for candidates to be eligible to run for the club’s top office. Without the guarantee, a candidacy cannot be formally presented.

Spanish banks have so far declined to provide the necessary financial backing, prompting the businessman to look abroad for funding solutions.

Negotiations are underway with foreign entities that could supply the guarantee. The identity of the banks has not been disclosed.

There are conflicting indications about whether the foreign backing has been secured. The process remains under close observation by club stakeholders.

The lack of a confirmed guarantee adds uncertainty to Riquelme’s candidacy ahead of the upcoming Real Madrid election.

The election timeline will force Riquelme to finalize the guarantee soon, as the deadline for candidate registration approaches.