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Young businessman Enrique Riquelme submitted financial guarantees worth 194 million euros to run for the presidency of Real Madrid, competing against the current president Florentino Pérez in the upcoming election. He relied on international banks, namely "Scotiabank" of Canada and "Andbank" in Andorra, to avoid conflicts of interest with Pérez and his team. Pérez's candidacy was approved by the electoral committee, as preparations are underway for a new season expected to bring significant changes after a disappointing season for the team.
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