The endorsement of Andbank Spain to the candidacy of Enrique Riquelme to Real Madrid It has enormously important small print. The guarantee prepared by the entity would only come into force if the Alicante businessman wins the elections for the presidency of the white club. As MARCA has learned, the guarantee has already been signed.
It is not, therefore, an automatic guarantee from the first moment. The operation is designed to be activated only in a very specific scenario: an electoral victory of Riquelme and a delicate economic situation within Real Madrid.
The second condition is even more striking. The guarantee would only be executed if the club registers losses greater than the 190 million euros. A huge figure even for an entity the size of Real Madrid, used to operating on gigantic budgets and with a global brand.
The maneuver places in the center Andbank Spaina firm specialized in wealth management of large fortunes, especially clients with more than one million euros. His role in this operation adds a relevant financial layer to an electoral race that is already moving in the banking offices.
Andbank It does not appear alone on the sports map. The entity is the owner of MyInvestor, a financial platform that sponsors UE Cornellà, the Catalan club that returned to the international scene a few weeks ago after Leo Messi bought a stake in the team.
A guarantee with double condition
The operation draws a very specific scenario around Riquelme. First, he must win the elections real Madrid. Afterwards, the club would have to record losses of more than 190 million for the guarantee from Andbank Spain to really come into effect.
This mechanism turns the guarantee into a protection structure rather than an immediate tool. A support prepared for a scenario of economic tension that today shakes up the electoral race and places Andbank, Riquelme and Real Madrid on the same financial dashboard.
The guarantee, on the other hand, does not mean that Riquelme has to pay the almost 200 ‘kilos in cash to the club but rather it means that the Spanish bank issues a guarantee in favor of the club. The bank only grants it if the person has assets or financial support.