Real Madrid resumes growth after Covid-19 years

After two financial years impacted by the Covid-19 pandemic, Real Madrid resumed its growth, presenting revenues of 721.5 million euros at the end of the 2021-2022 season. The Madrid club’s revenues had reached a record 757 million euros in 2019, before the outbreak of the pandemic, before falling to 653 million euros last season, due in particular to almost non-existent ticketing revenue. But Real has resumed its growth in 2021-2022, according to figures released on Monday evening: with revenue up by EUR 68.5 million over one year, the Merengue club is almost back to its 2018 revenue level (751 million). of EUR). In addition, in its provisional budget, which will be submitted for the approval of the socios (supporters-shareholders) on October 2, the “White House” forecasts EUR 769.6 million in revenue at the end of the 2022 financial year. 2023, which would mark a new record for the club. According to the “Football Money League” study published each year by the firm Deloitte, Real Madrid was in March the second club which generated the most income in the world, 4.2 M EUR behind Manchester City (644.9 M of EUR), even if certain commercial agreements of the English club – which represent almost half of its income – are subject to controversy. In its results as of June 30, 2022 published on Monday evening, Real also indicates that it has ended the 2021-2022 financial year in the green, with a new surplus of EUR 13 million, specifying that it had always generated profits despite the loss revenue linked to Covid-19 for three years, estimated at 400 million euros. In June, Real Madrid received all of the EUR 800m borrowed to finance the renovation of the Santiago-Bernabeu stadium. This work should be completed at the end of the 2022-2023 season.

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