Ramón Caldéron is under pressure at Real Madrid with the club's supporters growing frustrated about the lack of new players, but some have suggested that Raúl's influence is going unnoticed.
Having publicly chased Cristiano Ronaldo for the first two months of the transfer window, Los Merengues' inability to prise him away from Old Trafford hindered their summer plans.
Coach Bernd Schuster remains unhappy with his squad and believes that there could be a shortage of goalscorers midway through the campaign after seeing his request for a new striker not acted upon.
While many fans have questioned Calderón and his leadership and many others believing that sporting director Predrag Mijatovic should leave there are others with a new twist.
According to Sport, a body of Madrid fans now think that Raúl could be preventing too many star names from signing so not to jeopardise his place in the team.
Given the club's captain's current form, Schuster could be forgiven for resting him in order to give those in form a chance, but with so few options he still retains his place.
It is well known that Raúl is consulted at every level by the club and was seen as one of the leaders along with Fernando Hierro and Fernando Redondo when Vicente del Bosque.
That may be just a theory, but it highlights the depth to which the mistrust at the regime in charge at the Bernabéu has now reached.
Supporters also consider that Caldéron maybe holding on to the finances in order to go on a mega spending spree next summer in time to bolster his candidacy at the next presidential elections.