Real Madrid Publishes 2022/23 Income and Stadium Renovation Costs: Estimates 12 Million Euro Profit and 893 Million Euro Reconstruction Price

Real Madrid has published its income and expenditure figures for the 2022/23 season, in which it estimates a profit of around 12 million euros. At the same time, he analyzed the cost data for the renovation of his stadium, which this season reached 350 million euros, and for the entire period of reconstruction, the price rose to 893 million euros.

The goal of the Madrid club is that the work on the Santiago Bernabéu be completed by the end of this year, so that the stadium could be fully used as soon as possible and gradually generate the expected income.

There is not much left until the completion of the largest “white ballet” project in recent times, but due to events such as the pandemic and the war, the cost of the reconstruction has almost doubled compared to the original expectations.

In 2019, Real Madid took out a loan of 575 million euros with a fixed interest rate of 2.5% and annual installments of 29.5 million euros between 2023 and 2049. However, two years ago, the Madrid club requested another 225 million euros . He allegedly needed them to finance projects that were not originally included in the renovation of the stadium.

2023-08-01 14:25:00
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