Florentino Perez survived Real Madrid's first genuine presidential contest in two decades ​in the early hours of Monday, securing four more years at the helm but with more than a third of voting members backing a challenger who attacked his ownership plans, Reuters reported. 

The 79-year-old Spanish construction magnate was acclaimed as the winner by Real Madrid TV, while his rival, renewable energy tycoon Enrique Riquelme, conceded defeat a little over one hour ahead of the official tally.