Real’s income grows despite lack of silverware
Real Madrid’s
income rose 8.6 per cent from 407.3 million to 442.3 million euros in
the 2009/10 season, the Spanish club said in a statement on Wednesday.
The nine-times
European Cup winners were the first team in any sport to post revenues
in excess of 400 million euros in a single year, accountancy firm
Deloitte said in their most recent survey of the world’s richest soccer
clubs back in March.
Real reported their
net profit had risen 11.5 per cent to 24 million euros, and that their
net debt had shrunk from 326.7 million to 244.6 million euros.
The club did not
give a figure for total debt but a survey carried out by University of
Barcelona professor Jose Maria Gay published in May said it stood just
below 700 million euros at the end of the 2008/9 season.
Real suffered a
trophyless campaign in the last two seasons being beaten to the La Liga
title by arch-rivals Barcelona, but appear to be in a healthier
financial position.
In August, new
Barca president Sandro Rosell posted accounts which showed that
although the Catalan club’s income had risen to 408.9 million euros,
they had suffered a post-tax loss of 77.1 million euros.
Their net debt was
listed as having swelled to 442 million euros, and Gay’s survey listed
their total debt as being 489 million at the end of the 2008/9 season.
Deloitte rated Barca as the world’s second richest club by revenue, behind Real Madrid.
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