Friday, 7 September 2018

Real Madrid announce biggest revenue increase in 18 years

Real Madrid has announced an increase of €76.3million in revenue in the last 12 months. The biggest earnings since 2000.

For 2017-2018 reached 750.9 million ($871 million), 11.3 per cent more than the previous year.

Madrid declared profit for the third year in a row, with net debt now at -€107m.

The club's general assembly will meet on September 23 to submit the financial results for approval and discuss the prospect of outside financing to help the redevelopment of the Santiago Bernabeu

Despite selling Cristiano Ronaldo to Juventus for more than 100 million euros ($116 million) in July, the club still ended their financial year in positive. The Spanish league giant won its third straight Champions League title last season; bagged FIFA’s Club World Cup and Spanish Super Cups.

Also in other sports, the club's basketball team won the Euroleague and the ACB League.

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