Editorial: El Mundo

• Real Madrid is facing elections that will be crucial for determining the future model of the club.
• The electoral campaign has been dominated by debates about Real Madrid's financial situation rather than discussions around candidates' proposals.
• The club is facing a challenging financial situation due to debt and competition from clubs backed by sovereign funds.
• To generate new income, the Santiago Bernabéu stadium is to become a significant financial asset.
• The renovation of the stadium and falls in expected income have led to a tense financial situation.
• To tackle this, current president Florentino Pérez has proposed selling 5% of the entity - a proposal opposed by the other candidate, Enrique Riquelme.

Conclusion: Regardless of the election result, the next president of Real Madrid will need to strike a balance between stabilizing the club's finances and preserving its historic spirit and legacy.

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