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Real Madrid Breaks Revenue Barrier: Official Financial Report for 2023/24 Season

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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

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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

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2024-07-23 18:22:13
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SAD|| 10 Players Who Lost Everything After Divorce, Number 5 Will Shôck You

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The Hidden Financial Struggles of Footballers: Divorce’s Costly Toll

The glamorous image of professional footballers, with their luxurious lifestyles and multimillion-dollar contracts, often obscures a harsh reality: the financial devastation many endure through divorce. Behind the fame and fortune, several high-profile players have seen their wealth significantly depleted after parting ways with their spouses, a stark reminder that no amount of money can fully shield one of the financial pitfalls of personal relationships gone awry…Click Here To Continue Reading>> …Click Here To Continue Reading>>

 

One of the most shocking examples is that of former Arsenal defender Emmanuel Eboué, who lost not only his properties in England but also custody of his children following a bitter divorce. Despite earning millions during his career, Eboué found himself stripped of almost everything. His situation became a cautionary tale, underscoring that even the wealthiest footballers can fall victim to the financial ruin that divorce can bring.

Eboué is not alone. Football legends such as Thierry Henry and Ryan Giggs have also experienced significant financial losses due to divorce. Henry reportedly paid £10 million to his ex-wife, while Giggs parted with an astonishing £40 million after his marriage ended. Louis Saha and Wes Brown, both former Manchester United players, also suffered substantial financial hits, with Brown declaring bankruptcy despite earning £50,000 per week during his time at the club. His case highlights how even vast earnings can quickly evaporate when faced with legal settlements and financial mismanagement.

David James, the former England goalkeeper, faced a particularly dire situation, losing much of his fortune after divorce and being forced to auction his personal belongings to make ends meet. Similarly, Ray Parlour, another Arsenal great, saw his ex-wife receive half of his £10 million fortune, including a £2.5 million house. Jamie Redknapp, a former Liverpool star, also faced a hefty settlement, parting with half of his estimated £15 million fortune after his marriage ended.

These are just a few of the many footballers who have faced financial disaster due to divorce. Keith Gillespie, once a key figure in the Premier League, lost over £7 million, leading to his bankruptcy in 2010. Despite earning significant wages during his career, his divorce and poor financial decisions left him in financial ruin. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Perhaps the most shocking case is that of Tendai Ndoro, a Zimbabwean striker who lost everything after registering all his properties in his wife’s name. Following their breakup, she kicked him out of the house, leaving him with nothing. Ndoro’s story serves as a grim reminder of the dangers of not protecting one’s assets, even in relationships where trust is implicit.

For footballers, whose careers often peak early, these financial setbacks can be devastating. While their salaries are among the highest in professional sports, the combination of short career spans, legal fees, and divorce settlements can quickly erode their fortunes. Many players also face additional challenges in managing their finances due to a lack of financial education or oversight during their playing years.

These stories underscore the importance of safeguarding personal wealth, especially for high-earning individuals like footballers, who may be more vulnerable to financial upheaval. Proper financial planning, asset protection strategies, and prenups are increasingly necessary tools for protecting one’s earnings and securing a stable future.

In conclusion, while the public sees footballers as insulated by their wealth, the reality is that they are just as susceptible to the financial hardships of divorce as anyone else. The personal struggles behind the scenes reveal that their lives, though glamorous on the surface, are often fraught with the same vulnerabilities and challenges faced by ordinary individuals. These cases serve as sobering reminders that financial security is never guaranteed, even for those at the pinnacle of success.

 

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NFL | The best was yet to come, and then no

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In February 2022, the Bengals missed the Super Bowl by three small points, but regardless, the future seemed bright in Cincinnati.


Posted at 1:13 a.m.

Updated at 7:00 a.m.

In any case, that’s what we, the most seasoned experts in American football, believed, capable of seeing the future each season, often in a very impressive way; for example, this column has been predicting since 1970 that the New York Jets are not going to win the Super Bowl, and that’s still exactly what happens.

The Bengals have never won anything, but their presence on the big stage two years ago suggested that, a bit like the Nordiques in 1990, the best was yet to come.

Well, no.

As of this hour, the Bengals are a dismal 1-4, and even then, their only win came against the Carolina Panthers, who are about as bad as they are.

The good news for the Bengals is that this “landing” is fairly easily explained: their defense is pretty awful. The less good news is that it is probably already too late to try to solve this problem.

In five games, the Bengals have allowed a total of 145 points, which gives a pretty staggering average of 29 points per game. No one else in the American Association looks this bad, and in the league as a whole, only the Carolina Panthers are even worse in this regard.

Meanwhile, the Bengals are wasting the best years of Joe Burrow, who turns 28 in December. He wouldn’t be the first quality quarterback to waste his talent in this uniform.

Is it necessary here to remember that in American football, as in life in general, there is never anything certain? This reality reminds us of this sublime quote from Jean-Jacques Rousseau, who once wrote that “supreme happiness is a hundred times sweeter to hope for than to obtain”.

Rousseau must have been a Bengals fan, obviously.

You are probably aware that the New York Jets fired their coachbut that’s not the worst. The worst part is that poor Robert Saleh would have been escorted to the door like a pauper by security agents.

PHOTO MIKE STOBE, ARCHIVES AGENCE FRANCE-PRESSE READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Former New York Jets head coach Robert Saleh

It’s undoubtedly one of the worst moments in the history of a club that collects the worst moments, from Mark Sanchez dropping a ball on his lineman’s pussy, to a visibly hot Joe Namath trying to to kiss a reporter live on TV (we’re going to move on to the naughty photo of Brett Favre because there are children here).

We can never repeat it enough: in football, as in life, everything starts from the top. The leaders of the Jets, who display a level of competence similar to that of the inventors of Pepsi Crystal, thus opted for the easy way, instead of realizing that their ground game is non-existent, and that their quarterback who hears voices in his head is finished.

In addition, barely installed, new coach Jeff Ulbrich decided to give control of the attack to assistant Todd Downing, who will call the plays from now on. This is not a detail because this task previously fell to offensive coordinator Nathaniel Hackett, close and confidant of Aaron Rodgers.

It’s obvious that this is going to end very badly. As per usual.

Someone whispers in my ear that the inbox is overflowing again, so let’s get to it right away.

First, Luc Girouard from Sept-Îles sends us this timely little comment: “Would Prince Rodgers have plotted to kick Robert Saleh out in order to take his place? »

We all see what you did, Luc.

Then, there is a certain Nicolas B. from Laval who sent this: “Hi Richard. Great weekly column on football. Really entertaining. In addition, you allow my teenagers to read about football in French, which is still a challenge […] If you ever make a reference to my comment, my sports travel gang is buying me a beer on our next trip. »

You will demand a micro beer, Nicolas. Finally, there is Marco Campanozzi who can no longer hear about “mixing” and the right chair: “I can’t do it anymore!!! »

We are Marco.

It will be another great opportunity to lock yourself in front of the TV while pretending to do something constructive, because Sunday’s menu is particularly spicy.

Thus, Commanders in a state of grace will go to Baltimore to prove that they are serious, the Chargers will go to Denver in the hope of recovering after two defeats in a row, and the Cowboys will host the Lions, in a match that they can’t really let slip away, just to build something following the little miracle last Sunday night in Pittsburgh.

Don’t forget to check out the colors during halftime.

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A young badminton player realizes his deceased father’s dream

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Only 13 years old, badminton-player-honors-fathers-dream-at-nationals/” title=”13-year-old Saskatchewan badminton player honors father’s dream at nationals”>Gautham Sumesh is preparing to realize the dream of his father, who died six months ago: he will soon participate in the National Badminton Championship.

My father was really addicted to badmintonrecalls the Saskatchewan teenager. He really liked that I played.

Gautham Sumesh has been playing badminton since he was old enough to handle a racket. The first time he managed to beat his father, Sumesh Pulavathil, he was offered a drink to celebrate the event.

Sadly, Sumesh Pulavathil died in a road accident near Estevan last October.

Despite the tragedy, the teenager continues to carry his family’s dreams: Gautham Sumesh won the provincial championships this year and is preparing to participate in the National Championship in New Brunswick.

He would be really happyhe believes.

Dreaming of badminton

The young player’s parents left India in 2022 in the hope that their son would become a top badminton player.

: Gautham badminton”,”text”:”When we moved to Canada, we only had one thing in mind: Gautham badminton”}}”>When we moved to Canada, we only had one thing in mind: Gautham badmintonexplains the latter’s mother, Gayathri Ramdas. It is the foundation of our family life.

Her husband put everything in place to help his son play. He bought him shoes and racquets, in addition to devoting many hours to coaching him and other children.

Sumesh Pulavathil (front) was an avid badminton player. (Archive photo)

Photo: Provided by Gayathri Ramdas

Although the family was devastated by Sumesh Pulavathil’s death, there was never any question of the teenager quitting badminton. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Since the death of his father, Gautham Sumesh has undergone intensive training, particularly in preparation for the provincial competition which took place in April.

He remembers that no one knew him when he started competing provincially, but that changed after his victory at the provincial championship.

: “Hey, good job!” Everyone started talking to me and becoming friends with me”,”text”:”After I won, everyone said to me: “Hey, good job! “Everyone started talking to me and becoming friends with me”}}”>After I won, everyone said to me: “Hey, good job!” Everyone started talking to me and becoming friends with meexplained Gautham Sumesh.

A portrait of Sumesh Pulavathil (far left) and his family.

Photo: Provided by Gayathri Ramdas

Despite his son’s success in the championship, Gayathri Ramdas believes the victory was bittersweet due to his father’s absence.

Despite everything, she watched her son grow up and demonstrate the values ​​of sportsmanship and good play that she and her husband wanted to instill in him, as he harbored ambitions of becoming a professional badminton player.

I’m little by little catching up on all the dreams we had.

With information from Janani Whitfield

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