Last year Madrid became the first sports entity in the world to surpass the €500m barrier in revenue generated and they have reported this week that they have managed the feat for a second year in a row.
Subject to ratification at a general meeting to be held later this month, the club confirmed that their revenue for 2012-13 grew 1.3 per cent from the previous season, thanks in part down to operating profits enjoying a 26.7 per cent boost up to €55.7m.
Net debt also dropped by 27.4 per cent, down from €124.7m to €90.6m. Profit for the year increased by 52.4 per cent and is reported for 2012-13 as reaching €36.9m.
Real topped Deloitte's annual ranking of the world's richest clubs for an eighth consecutive year on the accounting firm's list for the 2011-12 season published in January.
Under president Florentino Perez they became the first sports club to exceed the threshold of half a billion euros, said Deloitte, who exclude player transfer fees, VAT and other sales-related taxes from their calculations.
Real's La Liga rivals Barcelona, the Spanish champions, were second with revenue of €483m and English Premier League champions Manchester United were third with €396m.
"Real have led the way in the phenomenal level of revenue growth enjoyed by the sport's top clubs over the past two decades," Deloitte said.
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- Sports & Recreation