Perez to remain as Real Madrid president until 2021

Florentino Perez will remain the club’s president until 2021, as no other candidates applied for the post.

It will be the third term for the 70-year-old construction magnate, who has spent 15 years at the helm of Europe's most successful club -- 2000-2006 and since 2009.

Florentino Perez will remain as president of Real Madrid until 2021 after no other candidates ran against him, the Spanish champion announced on Monday.

"As no other candidature was put forward to the board ... it is proclaimed that Mr Florentino Perez Rodriguez is president of Real Madrid," the club said in a statement.

It will be the third term for the 70-year-old construction magnate, who has spent 15 years at the helm of Europe's most successful club -- 2000-2006 and since 2009.

However, his opponents criticised reforms in the club statutes which have toughened criteria for aspiring candidates. Candidates must now have been a member of Real for over 20 years, compared to the old requirement of 10 years, and have a personal fortune of over €75 million.

Under Perez, Real Madrid has won three Champions League titles in four seasons. The club - which also won La Liga last season - lead the way in the elite European competition with 12 trophies.

Among the issues Perez will have to deal with is Portuguese superstar Cristiano Ronaldo, who is threatening to leave Spain after running into problems with Spanish tax authorities.