Madrid’s income over €500m last year

According to figures released by the club’s official website, Real Madrid’s income for the 2011-12 financial year was over €500m.

The figure of €514m is a seven per cent increase on the previous 12 months and the highest of any sports institution in the world, overcoming the €500m barrier for the first time, with member contributions accounting for 9.5 per cent of the total.

Operating profit after the sale of fixed assets increased by 1.9 per cent to €153.9m, while net profit was €24.2m, down 23.3 per cent on the previous year.

The disparity is due to player bonuses paid for winning the La Liga title, changes in tax legislation, insurance against financial risk-taking as well as increased repayments on investments.

The figures also show that net assets have increased by 9.6 per cent to €275.2m and the net debt reduced by 26.5 per cent to €124.7m, a decrease of €45m.

It is intended that the budget for the forthcoming 2012-13 period will realise a net profit of €24.4m with revenue of €516.6m.

Tags Income