Real Madrid president Florentino Perez promised a €150m club-record transfer if re-elected, reigniting his 'Galacticos' policy of signing elite players. The 74-year-old made the bold declaration during a Spanish TV show, specifying he would offer "the largest transfer fee Real Madrid has ever paid" for an unnamed "great player" after the election.

Perez faces his first competitive election in 20 years, with renewable energy magnate Riquelme challenging him. The timing is critical as Real Madrid ended the 2025-26 season with no major trophies for the second consecutive season, trailing Barcelona by eight points points in La Liga. This follows Perez's previous Galacticos era (2000-2006) that brought Figo, Beckham, and Zidane but ended amid disappointing results.

Perez explicitly ruled out several targets, including Olise, Doku, and Haaland, confirming the mystery player is a midfielder from a Champions League club outside the Premier League. His re-election would also activate deals for manager Jose Mourinho, Inter Milan defender Denzel Dumfries, and Liverpool's Ibrahima Konate. The promise signals Perez's commitment to generating excitement at the crisis-hit club.