Enrique Riquelme Announces Candidacy for Real Madrid Presidency Amidst Leadership Change
Energy tycoon Riquelme confirms plan to challenge for Real Madrid presidency
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Enrique Riquelme, a renewables tycoon and founder of Cox Energy, has announced his candidacy for the presidency of Real Madrid, marking the first significant challenge to Florentino Perez's leadership in over 20 years. Riquelme's bid comes after Perez called for new elections following a trophyless season for the club.
- 01Enrique Riquelme is the founder of Cox Energy, which specializes in solar power across Europe and Latin America.
- 02Riquelme's company manages over 1.2 gigawatts of energy projects in Spain through Ibox Energy.
- 03In 2025, Riquelme's company acquired Iberdrola's assets in Mexico for $4.2 billion, including debt.
- 04Riquelme emphasized the need for a more democratic electoral process in his open letter to Perez.
- 05Florentino Perez, the current president, has held the position for over two decades and is also the CEO of ACS Group.
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Enrique Riquelme, a prominent figure in the renewable energy sector and founder of Cox Energy, has officially declared his intention to run for the presidency of Real Madrid, challenging the long-standing leadership of Florentino Perez. This announcement comes on the heels of Perez's decision to call for new elections, despite having two years remaining in his current term. The call for elections follows a disappointing season for Real Madrid, which ended without any trophies, while their rivals, Barcelona, successfully retained the LaLiga title.
Riquelme's company, Cox Energy, established in 2014, focuses on solar power projects across Europe and Latin America, and has made significant strides in the energy sector, including managing over 1.2 gigawatts of projects in Spain through Ibox Energy. A notable achievement for Riquelme was the acquisition of Iberdrola's assets in Mexico for $4.2 billion in 2025. In an open letter to Perez, Riquelme argued for a more democratic electoral process at the club, asserting that the best institutions thrive on a blend of
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Riquelme's candidacy may lead to a shift in Real Madrid's governance structure, potentially affecting club decisions and strategies.
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