Florentino Perez to remain Real Madrid president after no other candidates presented bids to rival him

The European champions made the announcement, which was widely expected, in a statement on Monday

Florentino Perez is staying at Real Madrid (Reuters)

Florentino Perez will stay on as Real Madrid president until 2021 after no other candidates presented a bid to rival the incumbent before Sunday's deadline, the European champions announced in a statement on Monday.

Perez, who began his second spell in 2009 and has overseen three Champions League wins in the last four years, has barely had to contend with any rivals for his post since the Liga club changed internal rules for presidential candidates in 2012.

The alterations mean anyone aspiring to be president has to have been a member of Real for at least 20 years, compared to the old requirement of 10 years, and have a personal guarantee of over 75 million euros from a Spanish bank.

The barriers saw off potential challengers in the last election in 2013 and no candidate has emerged in the 10-day period since the electoral process began on June 8, leaving construction magnate Perez, who turned 70 this year, a free run to his third successive mandate and fifth overall.

Perez has presided over back-to-back Champions League titles in his 18 months in charge as well as snapping a five-year spell without the Liga title, lifting the pressure off him, with his position is now stronger than ever.

Reuters