Real Madrid recently shared their financial report for the 2023-2024 year, revealing impressive figures.
The club achieved an operating income of €1.07 billion before considering the sale of fixed assets. This milestone makes Real Madrid the first football club globally to surpass €1 billion in operating income.
For the 2023/24 season, Real Madrid’s revenue, excluding player transfers, reached an impressive €1.07 billion. This amount represents a significant increase of 27% compared to the previous year.
This data, available on the club’s official website, highlights the club’s financial growth and successful management strategies.
There is more to it
The financial year ended on a high note with the club recording a profit after tax of €16 million. This is a notable increase of 32% compared to the previous year’s profit of €12 million.
“The club thus maintains the path of profits achieved year after year since the beginning of the century,” read a statement from the team.
“All within an economic context characterized by widespread and very significant losses accumulated in the period 2019/20 to 2022/23 by the vast majority of the most relevant European clubs, losses that also persist in quite a few clubs in the 2023/24 financial year,” it added.
Real Madrid also maintained a strong financial position, boasting a net worth of €574 million. This solid financial standing underscores the club’s stability and efficient financial planning.
In terms of contributions to tax and social security revenues, Real Madrid made substantial contributions amounting to €277.1 million during the 2023/24 financial year.
This significant contribution reflects the club’s role in supporting the broader economy and its compliance with financial obligations.
Real Madrid also made considerable investments during the 2023/24 financial year, recording an investment of €270 million. This amount includes the financial costs capitalized during the construction period.
“All business lines have registered growth, except for broadcasting, where the income received from the League in 2023/24 has been lower than in 2022/23.”
By the end of June 2024, the club’s total accumulated investment reached €1,163 million. This level of investment showcases the club’s commitment to growth and development, ensuring it remains competitive on and off the field.
“During the 2023/24 financial year, the debt has increased by €55 million as a result of the investments made (€267 million, excluding the remodelling project).
“Among these investments, the investment in players of €239 million and the start of the construction of the Paseo de la Castellana car park, where €16 million have been invested, stand out in particular,” he explains.
“The debt/EBITDA ratio stands at 0.1, which represents maximum credit quality for financial institutions,” the statement added.