Even though football Real Madrid had to be satisfied with only a triumph in the Spanish Cup last season, it did well financially. The Spanish giants announced today that they had revenues of 843 million euros (over 20 billion crowns) in the financial year 2022/23, which was 121 million euros (2.9 billion crowns) more than a year earlier.
Despite the negative effects of the coronavirus pandemic and the renovation of the San Bernabéu stadium, in which it is investing 893 million euros, Real ended the year with a profit for the fourth time in a row. This time he earned 11.8 million euros, roughly one million euros less than a year earlier. Due to the reconstruction of the stadium, revenue from ticket sales fell by 13 percent, but from other business activities it was higher than before the pandemic.
The fortune of the fourteen-time winner of the Champions League increased by 12 million euros to 558 million. The club’s net debt without liabilities in connection with the stadium renovation is 46.7 million euros. A year ago, it amounted to 263.1 million euros.
2023-07-17 19:07:29
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