Real Madrid has published the club’s accounts for the 2023-2024 financial yearwhere it reached a figure of operating income, before the disposal of fixed assets, of 1,073 million eurosmaking it the first football club in the world to exceed 1,000 ‘kilo’.
“Operating income (before disposal of fixed assets) for the 2023/24 financial year reached 1,073 million euros, representing an increase of 230 million (27%) compared to the 2022/2023 financial year . This year, even though the stadium is not yet fully operational, “The club has managed to exceed the figure of one billion euros in operating income before the disposal of fixed assets, a number that has not been reached to date by any football club,” reports Real Madrid.
The club added that “it closes the 2023/24 financial year with a profit after taxes of 16 million euros, 32% higher than last year (12 million). Thus the club maintains the path of profits achieved year after year since the beginning of the century, all within an economic context characterized by extensive and massive losses accumulated during the period 2019/20 to 2022/23 of the majority of clubs Losses in Europe, losses that also continue in many clubs in the 2023/24 financial year,” he added.
“As a result of the benefits obtained, the club increases the amount of its net worth every year until it reaches the amount of 574 million euros”, point.
“The treasury balance as of June 30, 2024, excluding the stadium remodeling project loan treasury, is 82 million euros, compared to a treasury of 128 million euros on June 30, 2023″, he completed.
A Real Madrid teaching that “all lines of business recorded growth, “except for broadcasting, where the income received from the League in 2023/24 was less than in 2022/23.”
On the other hand, HP’s t-shirt sleeve sponsorship stands out as an important new form of business. “In terms of commercial activity, during the 2023/24 financial year, the club has significantly promoted both merchandising and sponsorship activities, highlighting in the latter case the signing of the new HP sponsorship for the sleeve of the shirt” , he pointed out.
In addition, he shares an analysis of the club’s debt and investment in the new stadium and signings. “The club’s net debt, excluding the stadium remodeling project, amounts to 8 million euros as of June 30, 2024.”
“During the 2023/24 financial year, the debt increased by 55 million euros as a result of the investments made (267 million, excluding the remodeling project). investment in players of 239 million euros and the beginning of the construction of the Paseo de la Castellana car park, in which 16 million euros have been invested,” he explained.
“The debt/EBITDA ratio stands at 0.1, which represents the highest credit quality for financial entities,” he continued.
“The completion of the work will have a corresponding impact on the income of the stadium, which, although it has already increased during the 2023/24 financial year, It will be in the 2024/25 financial year when the stadium will be fully operational with all its businesses, which will translate into a significant additional increase in said income. Logically, the increase in revenue will also translate into a consequent increase in operating expenses related to the complete operation of the stadium.
On the other hand, Real Madrid reported that the club’s contribution to “Tax and Social Security revenue in the 2023/24 financial year amounted to 277.1 million euros.”
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
