This makes Real Madrid the first football club in history to overcome the barrier of 1 billion euros in revenue, therefore netting a 16 million euros profit for the 2023-24 year.
The Real Madrid CF Annual Financial Report for the year 2023-2024 was presented during an extraordinary meeting, requested by the board of directors, on Tuesday. According to information on the club's official website, revenue for the season, excluding player sales, increased to 1.073 billion euros, 27 percent upward from 846 million euros at the close of the previous year.
“Operating income (before disposal of fixed assets) for the 2023/24 financial year reached 1,073 million euros, representing an increase of 230 million euros (27%) compared to the 2022/23 financial year. In this financial year, despite the stadium not yet being fully operational, the Club has managed to exceed the 1 billion euros mark for operating income before disposal of fixed assets, a figure not previously achieved by any football club,” it said in a realese.
Real Madrid closed the 2024 financial year with a net profit of 16 million euros, up 32 percent from the previous year's 12 million euros in net income. Moreover, the club has stood in a more than good financial position with a net worth of 574 million euros.
More to that, Real Madrid provided the tax and social security revenues amounting to 277.1 million euros in the 2023-24 financial year. Yearly investment of 270 million euros was nailed as the financial costs associated with construction were capitalized on. The total investment up to June 30, 2024, reaches 1.163 billion euros.
On the pitch, the team was having a good campaign, winning the Champions League, its sixth in the 2014-2024 period, besides the Spanish League and Super Cup titles.
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