Is Florentino Perez capable of repeating history? LaLiga Santander - Real Madrid The opinion of Carlos Carpio

At this moment of failure it's time for analysis and for measures to be taken to begin a new era. It's the president's move and he knows he can't make any mistakes.

Following 1,011 uninterrupted days as the champions of Europe, Real Madrid suffered their largest home defeat in Europe to confirm the end of an unforgettable dynasty. It was a night when I'd have liked the Real Madrid fans to have lived up to the historic moment and to have stayed to the end to thank this generation for all they'd achieved, rather than leaving before the match had finished. However, I realised some time ago that some fans at the Estadio Santiago Bernabeu lack memory and perspective. They only know how to be there for the good times, like all bad fanbases.

There is still history to be made. After this capitulation, many wondered on Wednesday morning about what happens now. It's time for Florentino Perez to act and the question is: is he capable of repeating history? He turns 72 years of age on Friday and has achieved all kinds of successes during his time as club president. Yet even someone as powerful as him cannot escape the huge demands that surround Real Madrid. Asking someone who has been behind four Champions League wins in five years to resign, though, can only be described as a heat-of-the-moment request.

It's clear that in recent times he has made some wrong decisions, the most critical of which was underestimating the huge void that Cristiano Ronaldo would leave behind and not signing a replacement who could soften the blow even if repeating the Portuguese's numbers would be almost impossible. It's also easy to understand that Gareth Bale, Marco Asensio and Karim Benzema deserved a vote of confidence after winning three Champions Leagues in a row. Now that credit in the bank has disappeared. The exit of Zinedine Zidane can also be blamed, although the reasons for his goodbye had a lot to do with his personal burnout, as well as exhaustion with certain players and, in the end, with Perez.

However, the mistake that had the biggest consequences for Los Blancos' future was committed two years ago with the failure to realise the strategic need to sign Kylian Mbappe, even if this would have meant the forcing out of Gareth Bale. Real Madrid went in strong in financial terms, but couldn't shake off the Frenchman's father's doubts. This is a common mistake that Perez makes, as he believes that money solves everything and neglects the emotional part. This is the reason for missing out on several players in recent years, both inside and outside the squad.

The current situation isn't good for the president, principally because there has been drastic change and the dominance and ease of the past is no longer there. The club's greatest rivals still have Lionel Messi, while Real Madrid don't have Ronaldo. Even though they have enough money to sign a superstar, the two ones they want are Neymar and Mbappe and they won't be sold at any price. Will Perez be able to repeat history with one of these power moves that gave him so much fame and that could excite Real Madrid fans again? The club members will demand that does.