Calderon was elected President of Real in 2 July 2006, winning the elections with 8,344 votes whilst Juan Palacios was second with 8,098. After discussions with his football director, Predrag Mijatovic, Calderon hired Fabio Capello as club manager, after initially considering Bernd Schuster, the manager of Getafe.
Amongst his promises when running for election was the signing of Arjen Robben from Chelsea, Cesc Fàbregas from Arsenal and Kaká from AC Milan. Calderón fended off allegations of making illegal approach from the clubs in question. He was only successful with Robben.
On 19 July 2006 he announced his first two signings, Fabio Cannavaro and Emerson; both signed from newly demoted Juventus for an estimated €20 million.
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