Champions League back to back winners Real Madrid have no plans of electing a new president in the next three years after the entire club board decided on Sunday night to allow Florentino Perez stay on until 2021.

Perez, 70, who has been piloting the affairs of Los Blancos since 2000, will serve another term after standing unopposed for re-election as no other candidate put themselves forward ahead of the deadline, it was confirmed that the long-serving Perez would continue in the post.

The 70-year-old is now set to remain as president of the European and Spanish champions until 2021.

“In Madrid, on 19 June 2017, at 00:01 hours, the electoral board of Real Madrid met at their headquarters in order to deal with and decide the issues listed below,” a club statement read.

“As no other candidature was put forward to the board and by virtue of article 40, paragraph E, item 2 of the current articles of association within the club, is it proclaimed that Mr Florentino Perez Rodriguez is president of Real Madrid.”

Perez returned as Madrid president for a second spell in 2009 and will now set to serve his third successive four-year tenure.

He had previously held the post for six highly eventful years from 2000 to 2006, during which time the club won two league titles and the Champions League, and was famous for the ‘Galacticos’ policy which saw Madrid bring in the likes of Luis Figo, Zinedine Zidane, David Beckham and Ronaldo for huge fees.

Perez’s new tenure will take his overall stay in the position to 18 years.

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