Real Madrid Show Off Record Turnover

Real Madrid financial figures for the year ending June 30, capsule 2011 have seen an unprecedented record turnover.

The La Liga giant reported the revenue, capsule before the transfer of players, increasing from Eur442.3 million ($604.3mn) in 2009-10 to Eur480.2 million ($656.1mn) in 2010-11. A club statement read: “Real Madrid closes 2010-11 fiscal year with Eur480.2 ($656.1mn) million turnover, representing an 8.6% increase over last year. It is the largest revenue obtained by any sports institution in the world.”

Real’s net profit saw a significant 31.7% rise year-on-year to Eur31.6 million ($43.2mn). The club has also managed to take a substantial chunk out of its debt load as it fell from Eur244.6 million ($334.2mn) in 2009-10 to Eur169.7 million ($232mn).

Real added: “The club has managed to obtain a balanced structure of income sources, with a contribution that equals around a third of the total of each of the three great areas (stadium, television, marketing). This diversification of recurring income sources confers social stability to the club, cushioning the impact of possible income oscillations motivated by differences in performance in sports and the evolution of financial activity.”

Real’s biggest Spanish rival FC Barcelona revealed a pre-tax loss of Eur9.3 million ($12.7mn) for the year ending June 2011. Operating income rose by 14% year-on-year to Eur473.4 million ($647.1mn), while the club was also able to report that its net debt fell from Eur430.6 million ($588.5mn) to Eur363.7 million ($497mn).