Liga - Real Madrid announce increased revenue, profits

Real Madrid’s board have published preliminary financial figures for last season, announcing a revenue of 520.9 million euros (£439m).

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Liga - Real Madrid announce increased revenue, profits
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Florentino Perez presents Isco (Reuters)

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.

Read the original article on Football Espana - The ultimate website for English-speaking fans of Spanish football

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