Madrid made history as the first football club to exceed $1 billion in revenue.

ANDl real Madrid ended the last financial year with some Operating profit (before disposal of fixed assets) EUR 1,073 million, representing an increase of EUR 230 million (27%) As for the financial year 2022-23, according to the reports formulated today Board of Directors. Without a doubt, good news for the organization he leads. Florentino Perez considering that this historical barrier has been overcome for the first time without a new Santiago Bernabeu Maximize your operating income.

“As for the stadium, although the business development activities for the reconstruction have not yet been completed, Yes, the stadium’s availability for capacity and commercial use has gradually increased over the year, and in the last half of the year, marketing of new business products has begun, especially for major events and a new premium product associated with new VIP seats.“All this has led to a significant increase in revenue from the stadium’s operations, although this will happen in 2024-2025, when the stadium is operating at full capacity,” he said. The club reports this on its website.

More profit but less money

Real Madrid ends financial year 2023/24 with profit after tax of 16 million euros, up 32% from the previous year (12 million euros) and an operating result before depreciation and amortisation (EBITDA) of EUR 156 million, in line with the 2022-23 financial year (EUR 158 million),

Not counting the cost of the new Bernabeu, The debt to equity ratio as of June 30, 2024 is zero, Meanwhile, he net worth As of June 30, 2024, it reaches the value 574 million euros.

Also excluding the cost of the new stadium, The balance in the treasury is lower than last year: 83 million euros against 128 million on 30 June 2023.“The reduction in the treasury occurred due to the payment of capital depreciation ICO loans (38 million euros) and depreciation payment capital loan for the reconstruction of the stadium (15 million euros)“, the club says. Madrid, however, notes that there are unavailable credit policies for the amount 395 million euros This more than guarantees the planned payments.