It's that time again, that's right it's time for another round of Real Madrid elections. Or is it?

Cause this time around there only seems to be one clear candidate, and he'll be a familiar face to some. That man is Florentino Perez, the original founder of the Galacticos era at the Santiago Bernabeu.

In his first spell in charge Perez sanctioned world beating transfers for the world's top stars, whilst continuously breaking world-wide transfer records. Before Chelsea and Manchester City could even dream of spending 30 million on one player, Perez's Real Madrid were spending 30, 40 and sometimes close to 50 million on a single player.

Every year for five straight seasons another superstar of world football joined Real's multiple million euro club.

First there was Luis Figo, controversially signed from Real's biggest rivals Barcelona for around 56 million euros, only bettered by the deal that took Zinedine Zidane away from Juventus and into the Bernabeu for in a figure, quoted in total to be around 64 million euros the following year.

Then in the next two years those transfers were followed by the modest in comparison deals for Ronaldo from Inter Milan for 30 million euros, and David Beckham's transfer the following year from Manchester United to Real Madrid for a mere 25 million euros.

These four superstars joined a star-studded team along with the like of Roberto Carlos and the club captain and only remaining galactico Raul Gonzalez Blanco.

The elections are scheduled for July 5th. This is because of Perez's successor Ramon Calderon resignation, due to allegations of vote rigging in Real's general assembly in January. The club at the time had just sacked head coach Bernd Schuster and were over ten points off leaders Barcelona in the race for the La Liga title. Vicente Boluda was made interim president, until elections could be held at the end of the season.

Boluda did a good job steadying the ship. He first hired former Seville and Tottenham manager Juande Ramos to oversee the first team until the end of the season. Ramos then signed Lassana Diarra from Portsmouth and Klaus-Jan Huntelaar from Ajax, both of whom helped the Madrid club to consolidate second place in La Liga and closed the points gap, if not slightly on now champions Barcelona.

The candidates announced for running were former presidents Perez, Calderon as well as Eduardo Garcia and Juan Onieva, who was vice president to Lorenzo Sanz in the late nineties.

Ramon Calderon was the first to remove his name from the race. Many questioned why Calderon would want to regain the reins, after relinquishing them only a matter of months earlier. Coupled with the fact that Calderon could find himself behind bars as a result of an investigation, into the scandal that saw him resign in the first place.

Calderon claimed to have an 80 million euro agreement with Manchester United for their Portuguese winger Cristino Ronaldo. The deal was reportedly brokered last summer, before the world player of the year opted to stay at Old Trafford.

Juan Onieva also pulled out of the race, within days of submitting his name, due to his disastrous official presentation, that was said to have severely damaged his creditability. This added to the fact that his vice president Carlos Gonzalez also withdrew his application citing "personal reasons."

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