Business News: Real Madrid break €500m barrier again.
Real Madrid feature heavily in the news during almost every transfer window. Big money acquisitions are a feature of the club, but recently, figures suggest there is a more studious fiscal policy than most would think.
The headline numbers for the 2012-2013 fiscal year show a 1.3 per cent increase in turnover to €520.9m, resulting in a net profit of €36.9m. This profit shows a further increase of 52% when compared to the previous year.
Debt has also been reported to have dropped by over 27% to €90.6m; in money terms, a drop of around €34m.
A statement from the club indicates these figures mean the Spanish giants are, “the only sports entity in the world in far surpassing the 500 million euros revenue barrier for the second consecutive year.”
These seemingly healthy figures come just days after Real forked out a reported €100m to sign Gareth Bale from Tottenham Hotspur.
Of course, additions earlier in the transfer window of Asier Illarrmendi, Isco, Daniel Carvajal and Casemiro take the spending to upward of €170m this summer, with the Bale fee attracting some criticism.
However, the departures of several top earning players including Mesut Özil, Gonzalo Higuain and Raul Albiol brought over €100m back into the Santiago Bernabeu. Kaka’s return to Milan also helped cut back on the wage bill as the Brazillian was a top earner at Madrid, although failed to reach the heights accomplished in his previous spell with Milan.
Madrid, mainly Florentino Perez, may grab the headlines with signing so called “Galacticos” for galactic fees, but behind the scenes at the Santiago Bernabeu, it seems at least someone is looking after the bottom line.