Friday, 14th September, 2012
Real Madrid have announced a record turnover of €514M for the 2011/12 season, up sharply from the €480M reported for 2010/11.
The Spanish giants have claimed to be the first club to break the €500M barrier, although their level of profit has fallen from 2010/11.
Los Blancos made a profit of €24.2M, in contrast to 2010/11’s €31.6M, in what was a slight reduction.
The Spanish giants actively reduced their debt, knocking €45M off the figure and bringing it down to a more than manageable €124.7M.
Real Madrid expect to make the same profit this year as announced for last year and the club’s budget is up from the previous campaign.
The club’s performance was undoubtedly boosted by claiming the Spanish title off fierce rivals Barcelona, while continued success on the pitch will only serve to increase revenues further off it.
Real Madrid have also kept discipline in the transfer market, with Luka Modric the only real big money summer signing made.