Real Madrid, the 15-time European football champion, is seeking a major corporate shake-up that would hand over ownership to club members, effectively opening the door to third-party investors.

Real Madrid president Florentino Pérez has said he'll propose a "corporate reorganization" of the club, with members to vote on whether a change in ownership structure is necessary to protect its financial assets.

Florentino Pérez could consider making Real Madrid a privately-owned club, he suggested at the club's annual meeting of members in Madrid this weekend.