Real Madrid announced the details of the 2021-2022 exercise and confirmed the release of profits in the financial statements for the third consecutive year.
The Spanish club of Real Madrid continued to make financial profits in its budget for the third consecutive year, after the Royal Club revealed the results of the financial year 2021-2022.
Real Madrid has released a detailed statement on its official website to announce the results of the last financial year.
In the statement, Real Madrid confirmed the closure of the 2021-2022 financial year with a profit of 13 million euros.
Real Madrid’s net worth currently amounts to € 546 million, while cash and cash equivalents as of June 30, 2022 amounted to € 425 million.
Real Madrid also revealed in their statement, which included detailed economic data, that the club’s income losses since March 2020 due to the Corona virus pandemic amounted to € 400 million.
The statement confirmed that Real Madrid’s board of directors, which met on Monday 12 September, decided to hold an ordinary general meeting on 2 October 2022, during which the results of the 2021-2022 exercise will be presented for the approval of the members. of the club.
Real Madrid stressed that the club’s sporting successes, in terms of football and basketball, have led to an increase in revenues and also to an increase in expenses, particularly in terms of bonuses to athletes.
Real Madrid confirmed that its net debt, which does not include the development of the “Santiago Bernabeu” stadium, amounted to 263 million euros as of 30 June 2022.
Real Madrid’s sources of income vary, starting with television rights, tickets to attend matches, offers for the sale of players, as well as the sale of clothing and items for the team around the world and the financial rewards that the club receives local and international tournaments to win.
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