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Real Madrid becomes the first football club to surpass 1 billion in revenue
Football
23-Jul-2024
Source: Marca
Español

Real Madrid closed the last financial year with operating income (before disposal of fixed assets) of €1,073 million, reflecting a significant increase of €230 million (27%) compared to the 2022-23 financial year, as announced by the Board of Directors. This achievement is particularly noteworthy as it marks the first time this historic revenue barrier has been surpassed without the new Santiago Bernabéu fully maximizing its operating income.

The club reported a profit after tax of €16 million for the 2023-24 financial year, a 32% increase from the previous year's €12 million. The operating result before depreciation and amortization (EBITDA) was €156 million, comparable to the €158 million recorded in the 2022-23 financial year.

As of June 30, 2024, and excluding the cost of the new Bernabéu, Real Madrid's debt/equity ratio is zero, with equity valued at €574 million.

However, the cash balance has decreased from the previous year, standing at €83 million compared to €128 million on June 30, 2023. The club attributed this decrease to payments made to amortize the capital of ICO loans (€38 million) and the loan for the stadium remodeling (€15 million). Despite this, Real Madrid assured that there are undrawn credit policies amounting to €395 million, which more than cover the expected payments.

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