MR AYUB retweetledi
MR AYUB
235 posts
MR AYUB retweetledi
Cristiano Ronaldo scoring at the PSG stadium surrounded by a cloud of smoke🔥
Borussia Dortmund@BlackYellow
Define aura.
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MR AYUB retweetledi
MR AYUB retweetledi
Max Dowman on his way to becoming the youngest player ever to bottle a PL title 🏆👏🏻
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MR AYUB retweetledi
MR AYUB retweetledi
Football Twitter is so autistic man. Wdym you instantly remembered a Juan Mata goal from 2012 😭😂
SJ🏌🏽♂️@itsnotovaaah
That Mitoma goal
English
Yep that’s how it should be. Clubs are good based on their directors not only managers. Managers come and go but the system stays there and that’s why teams like Brentford, Brighton stays the same and also Barcelona and now Inter👏🏼👏🏼
Kaustubh Pandey@Kaus_Pandey17
Inter winning another league title, then. Amazing what happens when a club sticks to an identity, hires managers according to it, signs players on the basis of that.
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MR AYUB retweetledi
Let me shock you in a minute.
The two most valuable clubs in La Liga have no shareholders, no owner and no private equity firm behind them. They are owned by their members. And they have been, since before any of us were born.
FOr example, in practice, Florentino Perez did not buy Real Madrid. Neither did Joan Laporta did not buy Barcelona. They ran for the job, campaigned, and won votes. And the same people who voted them in can vote them out.
That is the socios model in Spain. And it is the ownership structure that has quietly defined the most powerful clubs in Spanish football for over a century.
A "socio," which translates roughly as "partner," is a dues-paying member of the club who collectively owns it alongside tens of thousands of others. There are no shareholders, no dividends and no controlling stake held by any individual or corporation.
The club belongs to its members and is run by a president they elect on a mandate they can remove.
Like I said yesterday, the four clubs still operating under this model in Spain are FC Barcelona, Real Madrid, Athletic Club de Bilbao, and CA Osasuna. Each applies the model differently but the legal and governance structure is the same across all four.
Barcelona has over 140,000 socios as of 2025, having added 10,619 new members in the 2024-25 season alone, the highest number under the current board. Real Madrid has a publicly stated 95,000 socios as of 2024.
Athletic Club adds a dimension that makes it arguably the purest expression of the model anywhere in world football. Since 1911, the club has maintained a policy of signing only players born in the Basque Country or who learned their football in a Basque club.
That is not just member ownership. They have written member identity written into the transfer policy. Athletic Club is one of only three clubs, alongside Real Madrid and Barcelona, never to have been relegated from La Liga, which makes the achievement all the more remarkable given the self-imposed constraints on recruitment.
Osasuna, based in Pamplona, is the smallest of the four. Its significance in this story is largely symbolic. It is proof that the model is not exclusive to the richest clubs.
Despite all of this, the practical limits of the socios model are real. Under this structure there are no dividends and all revenue must be reinvested in the club. Think of it like a hybrid of a company limited by guarantee and a non Governmental Organization.
No private equity firm can inject capital overnight and no individual can write a cheque to close a gap. The club grows at the pace its revenues allow, which is why Barcelona's debt crisis of the early 2020s was so damaging.
A member-owned club with no external safety net has nowhere to turn when it overspends except its own future earnings.
And yet the clubs that were never forced to convert remain the most powerful in Spain. The model does not guarantee financial discipline, as Barcelona's recent history shows clearly. But it does guarantee something the SAD model cannot. The club remains the club's.
Hope you have learned something today.
My name is Ajoje. I am a FIFA Licensed Agent and International Sports Lawyer. I write on the Law and Business of Football, a lot. Repost and Follow if you want to read more posts like this.
Ajoje⚽⚖️@israel_ajoje
Top Football Leagues and their ownership structures: Spain and the socioa Germany built the 50+1 rule to keep fans in control and clubs out of debt. Spain went the opposite direction. In 1990 it passed a law forcing most professional clubs to become private companies. According to LaLiga's own Economic-Financial Report for the 2024-25 season, the net senior debt of La Liga clubs now stands at €4.794 billion. The medicine has now made the patient sicker. The law was Ley 10/1990, the Spanish Sports Act, passed on 15 October 1990 and in force by 1992. Spanish clubs at the time were member-owned associations carrying significant debt and operating with limited financial accountability. The stated purpose at the was to help them achieve spending discipline- or that was what they thought. That meant that if you wanted to play in La Liga or the Segunda División, you became a "Sociedad Anónima Deportiva", a SAD, basically a sports public limited company subject to corporate governance rules and shareholder structures. However, back then, there was an exception built into the law. Clubs that had maintained a positive balance sheet since the 1985-86 season were permitted to retain their association status. Only four qualified. They were FC Barcelona, Real Madrid, Athletic Club de Bilbao, and CA Osasuna were the four clubs that did not convert. Every other professional club in Spain became a corporation. That's why you still hear terms like "socios" voting during Madrid and Barcelona Presidency elections and all. Cos they remained member owned. However, the results for those who did convert were not what the government promised. Transfer fees kept rising and wages kept rising. The shareholder model created incentives to spend for short-term results rather than long-term stability. Spanish clubs entered the 1990s with a combined debt estimated at around 172 million euros. By 2024-25 that figure had grown to nearly 4.8 billion. By the time Ley 39/2022 replaced the original law and removed the mandatory conversion requirement entirely, three decades of corporate football had left its mark. The four clubs that were never forced to convert remain some of the four most institutionally powerful in Spanish football. My name is Ajoje. I am a FIFA Licensed Agent and International Sports Lawyer. I write on the Law and Business of Football, a lot. Repost and Follow if you want to read more posts like this.
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MR AYUB retweetledi
🇦🇷🤯 𝗡𝗜𝗖𝗢 𝗣𝗔𝗭 (𝟮𝟭) came so close to producing a masterpiece yesterday…
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MR AYUB retweetledi
MR AYUB retweetledi
Willian Pacho grew up wanting to be a striker.Someone convinced him to defend and accidentally created the most spatially intelligent CB in the world.
He doesn’t mark you, he marks the space you haven’t used yet. Every passing lane closed before it opens.
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MR AYUB retweetledi
Nah this is too far 😂😂
Atlético de Madrid@atletienglish
We love the smell of freshly cut grass in the morning
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We finally a big Ronaldo PR page of our own
The Touchmine | 𝐓@TouchmineX
🚨𝗡𝗘𝗪: A few organisations which acknowledges the Arab Cup Champions Cup: - FIFA - Opta - Fotmob - Sofascore - IFFHS As it stands, Ronaldo won his 1st with Al Nassr in 2023! 🏆
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Thank you, Tripps 🖤🤍
After four and a half years of incredible service to Newcastle United, we can confirm that Kieran Trippier will leave the club this summer when his contract expires.
Kieran arrived in January 2022 with the club in the relegation zone and played a crucial role as he went on to lift the club’s first domestic trophy in 70 years.
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MR AYUB retweetledi
MR AYUB retweetledi
🚨🗣️"Your idol?"
Nico O'Reilly: "Cristiano Ronaldo" 🐐
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