Real Madrid introduced they’re the very best revenue-generating soccer membership on the planet upcoming exceeding €1 billion ($1.08bn) in takings within the 2023-24 monetary document.
Revenues for the 2023-24 marketing campaign, no longer together with participant transfers, reached €1.073bn , €230 million greater than at the earlier time, a 27% build up.
The LaLiga, UEFA Champions League and Spanish Tremendous Cup winners closed out the 2023-24 monetary time with after-tax income of €16m, 32% upper than endmost season.
Forbes valued Actual Madrid at $6.07bn endmost season, the eleventh maximum decent sports activities group on the planet total and probably the most decent soccer membership. Manchester United used to be ranked via Forbes at thirteenth with a fairly decrease $3bn valuation.
The Dallas Cowboys and the New York Yankees crowned Forbes’ most up-to-date record with respective valuations of $9bn and $7.1bn.
“This is an unprecedented figure for any football club,” a Real Madrid statement said. “The club maintains its sound financial status with a net equity of €574m.
“The membership has endured its successful trajectory time upcoming time for the reason that flip of the century.
“Every line of business has seen growth, with the exception of broadcasting rights, where revenues received from LaLiga in 2023-24 were lower than in the 2022-23 season.”
Madrid, who signed France celebrity Kylian Mbappé on a free transfer previous this presen upcoming his word with Paris Saint-Germain expired, also are forecasting document figures for the 2024-25 monetary time.
The commentary added: “The club expects this commercial boost to continue and grow even stronger in the 2024-25 financial year, supported by the image-related benefits derived from both the composition of the playing squad and sporting success, as well as the renovated stadium.”
