Officially, Real Madrid is the first football club ever to generate revenues of over one billion euros. This is according to the annual report for the 2023/24 season. The royals recorded a profit of 15.6 million euros and increased their net assets again. They only have limited net debts.
Foto: Angel Martinez/Getty Images“> Enlarge
Real Madrid is doing extremely well financially – Foto: Angel Martinez/Getty Images
After the 2023/24 season: Real Madrid discloses finances
MADRID. The 2023/24 season has now officially ended three weeks ago. And with it another business year. A business year after which Real Madrid can once again present good figures. The Royals announced their Financial report for the past season published.
It is proudly announced in capital letters: The club is the first in football to have managed to break the billion-euro mark in terms of revenue.
With 1.073 billion euros, Real earned 27 percent more in revenue last season than in the previous year, when it had earned 843 million euros. Cash flows through the transfer market are not included here, nor are the costs of the almost completed renovation work in and around the Estadio Santiago Bernabéu.
Real Madrid: Highest revenue from marketing
Marketing makes up the largest part of the revenue mix, followed by the revenue generated in the modernized Bernabéu Stadium, television revenue, and international competitions and friendly matches. The successes in these sectors were also boosted by the sporting successes. Real played 55 competitive matches, was in the spotlight worldwide with its advance and title win in the Champions League, and also won the Spanish championship and the Supercopa de España in Saudi Arabia. However, bonuses to players also entail corresponding expenses.
“As for commercial activity, the club has significantly boosted both merchandising and sponsorship activities during the 2023/24 financial year, highlighting in the latter case the signing of the new HP sponsorship for the sleeve of the shirt”the Madrilenians inform.
Graphics: Realmadrid.com“> Enlarge
Real Madrid’s revenue development – Graphics: Realmadrid.com
Net assets continue to grow
At 15.6 million euros, a higher profit after taxes was also generated; in mid-2023, the Blancos had posted a profit of 11.8 million euros. Net assets, however, grew again, this time from 558.1 to 574.1 million euros.
Revenues of recent years
- 2024: 1.073 billion euros
- 2023: 843.0 million euros
- 2022: 721.5 million euros
- 2021: 653.0 million euros
- 2020: 714.9 million euros
- 2019: 757.3 million euros
- 2018: 750.9 million euros
- 2017: 674.6 million euros
- 2016: 620.1 million euros
- 2015: 577.0 million euros
- 2014: 549.5 million euros
- 2013: 518.9 million euros
- 2012: 512.6 million euros
- 2011: 480.0 million euros
Real Madrid finances: Cash balance drops again
Real’s cash balance will be reduced again, reaching roughly its previous level by mid-2023 after 401.5 million euros in 2022: in 2021 it was 122 million euros, most recently 128.2 million euros, and now it is 82 million euros.
Why this temporary high? The Bernabéu deal with the investment firm Sixth Street and Legends, a company specializing in organizing major events, resulted in capital gains being sold, which meant that the Madrid club had such a full coffers. This served to largely cover the losses caused by the corona pandemic.
Next to the “With a cash balance of €82 million, the club has undrawn credit policies of €395 million as of June 30, 2024. These financial possibilities make it possible to easily meet the expected payment obligations.” Last year, cash on hand and credit policies amounted to EUR 128 million and EUR 265 million respectively.
Real Madrid: Financial situation 2024 in brief
- Revenue: 1.073 billion euros
- Profit: 15.6 million euros
- Cash balance: 82 million euros
- Net assets: 574.1 million euros
- Net debt: 8.5 million euros
- EBITDA: 156.3 million euros
Real Madrid has low net debt
And what about the debts that Real is always associated with? Net debt is 8.5 million euros – even here without the Bernabéu reconstruction, the cost of which, without taking into account repayable interest, amounts to 1.163 billion euros even according to the newly published figures.
In the past two years, the balance sheet showed negative net debt. The figures were -263.1 million euros (2022) and -46.7 million euros (2023). In other words: the Merengues were 263.1 and 46.7 million euros away from net debt.
» To the financial report 2022/23 READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
In the 2023/24 financial year, the world’s most prestigious football club paid 277.1 million euros in tax and social security payments. EBITDA – earnings before interest, taxes, depreciation of property, plant and equipment and amortization of intangible assets – fell slightly from 158 to 156.3 million euros.
Real makes it clear: “The debt/EBITDA ratio is at 0.1, which represents maximum credit quality for financial institutions. All these data underline the club’s robust financial position and high solvency after overcoming the pandemic and the operational restrictions during the stadium work.”
Graphics: Realmadrid.com“> Enlarge
Net debt over the years – Graphics: Realmadrid.com
Real Madrid – Trikot 2024/25: Order now in the Adidas online shop
/21630049872/Realtotal_bet365_News
/21630049872/Realtotal_bet365_mobil_320x50
article
805077
Officially
Financial report: One billion! Real Madrid breaks revenue barrier
Real Madrid is the first football club ever to generate revenues of over one billion euros. This is according to the annual report for the 2023/24 season. The royals recorded a profit of 15.6 million euros and increased their net assets again. They only have limited net debts.
Finanzbericht: Eine Milliarde! Real Madrid sprengt Einnahmen-Grenze
23.07.2024, 20:22
https://www.realtotal.de/wp-content/uploads/2023/03/2023-03-12-real-madrid-wappen-logo-onf.jpg
2024-07-23 18:22:13
#Financial #report #billion #Real #Madrid #breaks #revenue #barrier
Related