This is a late answer and they already voted a Best Answer. But the answer is not entirely accurate.

Real Madrid ownership structure is entirely different than most professional football club. The club is not owned privately by any person or company. It is uniquely owned and operated entirely by it club members.

A "Carnet Madridista" is an official club member. You pay an annual fee. In exchange there are benefits like discounts and priority access on tickets, some free matches, free entrance on the stadium trophy room, access to exclusive website content like Real Madrid TV (IPTV channel).

A "Socios" is a member with voting rights. Its like a patron of the club who pays more for membership. There is a long waiting list to become a Socio member. Not all members can buy a season ticket. One benefit of a socio is the ability to purchase a season ticket. Only a 'Socio' could run in an election for club President.

To run for President of Real Madrid. You must raise a bank guarantee of 57.4 Million Euros of private money. If elected this money will be transfered to the club.

The transfer fee for Kaka is 65 M Euros and C. Ronaldo 97.2 M Euros. Its a wonder how the club could afford these when there is no Billionaire spending their own money to purchase players.

Here's how it works.

1. Real Madrid raises money by selling its own players. First Team and Castilla (reserves) that are not needed.

2. Real Madrid gets 50% of a player's image rights. All product endorsement while under employment with the club.

David Beckham was a big financial success at Real Madrid. But not on the pitch. On shirt sales alone the club was able to recoup the 35M Euro transfer fee for Beckham without even playing a single match. Half of everything Beckham earns off the field it all goes to Real Madrid.

So even with a multi-million salary. High transfer fee. Its easy to recoup everything back.

3. Real Madrid gets favorable access to credit. Thanks to its unique corporate structure. It is able to get low interest rates on bank loans.

Unlike clubs with private ownership. They get high interest loans from hedge funds and banks. Usually when a private owner buys a football club. They are able to transfer the loans they made to purchase it into the club itself. Thus making them a high risk loan. So the transfer fee paid to AC Milan and Manchester United for Kaka and Ronaldo. Would most likely go into paying up loans.
Source(s):
http://en.wikipedia.org/wiki/Real_Madrid_C.F.

how to become and what you get from being a socio?
http://www.bigsoccer.com/forum/archive/index.php/t-122247.html

Perez close to Real Madrid return
http://www.soccer365.com/spanish_news/story_28509213100.php

Can bet your shirt on it, Becks is the Real deal
http://www.indianexpress.com/oldStory/26946/

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