Florentino Perez will serve another term as Real Madrid president after standing unopposed for re-election, the club have announced.
The Madrid electoral board met overnight and, with no other candidate putting themselves forward for election ahead of the deadline, it was confirmed that the long-serving Perez would continue in the post.
The 70-year-old is now set to remain as president of the European and Spanish champions until 2021, taking his overall stay in the position to 18 years.
A club statement read: “In Madrid, on 19 June 2017, at 00:01 hours, the electoral board of Real Madrid met at their headquarters in order to deal with and decide the issues listed below.
“As no other candidature was put forward to the board and by virtue of article 40, paragraph E, item 2 of the current articles of association within the club, is it proclaimed that Mr Florentino Perez Rodriguez is president of Real Madrid.”
Madrid also confirmed the make-up of the club’s board of directors.
Perez returned as Madrid president for a second spell in 2009 and will now set to serve his third successive four-year tenure.
He had previously held the post for six highly eventful years from 2000 to 2006, during which time the club won two league titles and the Champions League, and was characterised by the famous ‘Galacticos’ policy which saw Madrid bring in the likes of Luis Figo, Zinedine Zidane, David Beckham and Ronaldo for massive fees.
During that time Perez also employed six different managers before finally quitting himself in February 2006 after seeing Madrid go three years without winning a major trophy.
Ramon Calderon took over as president between 2006-09, before Perez returned to the role eight years ago after his three possible rivals all withdrew from the election race, with the 57.4million euros bank guarantee seemingly the big stumbling block.
Following Perez’s re-election, Madrid splashed out around £225million on the likes of Cristiano Ronaldo, Kaka, Karim Benzema and Xabi Alonso in the summer of 2009.
Madrid have gone from strength to strength in recent years and last season became the first club to retain the Champions League crown, as well as winning LaLiga for the first time since 2012.
Perez is the second most successful president in Madrid’s history in terms of football trophies won, behind only Santiago Bernabeu who served between 1943 and 1978 and who the club’s stadium is named after.
Perez’s latest term in charge will begin as many of his previous ones have – with frenzied transfer speculation about which big-name players might arrive at the club this summer and, perhaps more crucially in this instance, who might end up leaving.
Top of that speculation is the future of Madrid’s all-time record goalscorer Cristiano Ronaldo, who is said to want to quit the club and Spain over what he feels is unfair treatment by Spanish tax authorities.