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The Real Madrid Structure[/h]The
socios, or the fans, control all aspects of the club (either directly or indirectly). They are the ones who vote for the President and Board of Directors of the club. As of the
2014 annual report,
Real Madrid has around 91,000 members that
paid on average €123 per year for member privileges. Any person who has been a member for over 50 years is exempt from paying membership fees.
It is not just enough to pay the requisite fee to obtain membership. Any prospective new members must also be recommended by two existing
socios to finalize their application for membership.
Membership privileges include the right to vote, as well as easier access to tickets. Like most fan groups,
socios would be subject to disciplinary action for failure to pay any due fees or failing to adhere to a proper code of conduct.