Real Madrid: Spanish giants emerge first football club to exceed €1b in revenue

Revenues for the 2023/24 season, not including player transfers, reach 1.073 billion euros, some 27% up on the last year.

Real Madrid home ground, Santiago Bernabeu, Madrid
Real Madrid home ground, Santiago Bernabeu, Madrid

Real Madrid makes 16 million euros in profit for the 2023/24 financial year.

The club maintains its sound financial status with a net equity of 574 million euros.

The Real Madrid Board of Directors, which met on the 23rd of July, has prepared the annual accounts for the 2023-2024 financial year.  

On the pitch, the football first team won the Champions League for the sixth time in the 2014-2024 period, as well as the LaLiga title and the Spanish Super Cup. The basketball first team won the League, the Copa del Rey and the Spanish Super Cup, as well as making the EuroLeague final.

This has all contributed to improved revenues, but also higher costs, in particular related to sports squad bonuses.

Operating income (before disposal of fixed assets) for the 2023/24 financial has totalled 1.073 billion euros, an increase of 230 million euros (27%) compared to the 2022/23 financial year. In this period, despite the stadium not being fully operational, the Club has succeeded in eclipsing the one-billion-euro mark in operating income before disposal of fixed assets. This is an unprecedented figure for any football club.

realmadrid.com

Photo: iStock

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