Real Madrid Announces Record Revenues

Real Madrid has revealed revenues of US$673.55m for the 2011-12 financial year – a figure it claims is a record for any sports club.

Real’s revenues for the 2011-12 campaign represent a 7 percent rise on last season’s generation. The club said its net debt fell by 26.5 percent to US$163.4m, ed but it also reported a 23.3 percent fall in its yearly profits.

Real’s net profit saw a significant 31.7 percent rise year-on-year to US$41.9m in 2010-11, denture but it has now dropped to US$31.46m.

The club said in a statement: “This variation is due to increased costs arising from securities premiums, changes in tax regulations, hedging of contingencies and risks derived from the evolution of the economic context, and increased amortisation expenses from investments made. It is noteworthy that the financial result of the previous year included a non-recurrent tax financial income.”{jcomments on}