Madrid increase profit, revenue

Real Madrid’s board last night published preliminary financial figures for last season, announcing a revenue generated of €520.9m.

Last year Madrid became the first sports entity in the world to surpass the €500m barrier in revenue generated and they have reported this week that they have managed the feat for a second year in a row.

Subject to ratification at a general meeting to be held later this month, the club confirmed that their revenue for 2012-13 grew 1.3 per cent from the previous season, thanks in part down to operating profits enjoying a 26.7 per cent boost up to €55.7m.

Net debt also dropped by 27.4 per cent, down from €124.7m to €90.6m. Profit for the year increased by 52.4 per cent and is reported for 2012-13 as reaching €36.9m.