Real Madrid closed the 2022-23 monetary 12 months with a 11.8 million euro (13.25 million USD) revenue, the Spanish membership stated on Monday, round a million euros lower than within the earlier season regardless of the next income.
The Spanish membership managed to stay in revenue during the last 4 monetary years regardless of the unfavourable affect of the COVID-19 pandemic and the 893 million euros renovation challenge of its Bernabeu stadium, set to be concluded by the top of 2023.
“Operating income for the financial year 2022-23 has reached 843 million euros, an increase of 121 million euros (17 percent) compared to the 2021-22 financial year,” the membership stated in an announcement.
1 USD = 0.8906 euros
It added, nevertheless, that stadium revenues, restricted by the redevelopment challenge, had been nonetheless 13 % decrease than in 2018-19 season however revenues from the remaining business strains have already exceeded pre-pandemic ranges, with advertising revenues (up 12 %) standing out specifically.
Madrid stated its internet price is 558 million euros, 12 million greater than final season, and its internet debt, excluding the Bernabeu challenge, stood at 46.7 million euros as of June 30 2023.
That is a significant enchancment from final 12 months, when its internet debt was 263.1 million.
