Real Madrid has just made headlines by smashing records in the football world.
For the 2023-24 season, they announced a groundbreaking financial achievement: becoming the first football club ever to exceed €1 billion in revenue.
This remarkable feat puts them at the top of the football financial charts with an impressive €1.073 billion (about £1.45 billion).
Compared to their earnings of €843 million (£708 million) from the previous season, this year’s revenue marks a staggering 27% increase.
This growth is not solely due to player transfers but reflects a broader surge in their financial performance.
The club also reported a substantial after-tax profit of €15.6 million, a 32% rise from last year, and they’re optimistic about even more growth in the coming year.
Several factors have contributed to this financial leap.
High-profile acquisitions like Jude Bellingham and the club’s on-field success, including winning the Champions League, LaLiga, and the Spanish Super Cup, have all played a role.
The club noted that despite the Santiago Bernabeu Stadium undergoing renovations and not being fully operational, they managed to surpass the one-billion-euro mark in operating income, a first for any football club.
While broadcasting revenues from LaLiga were lower compared to the previous season, other areas have seen notable growth.
Marketing and stadium-related income have particularly stood out.
The renovations at the Santiago Bernabeu have included new VIP experiences and the hosting of major events, contributing to increased commercial activity.
Future Outlook
Despite the Dallas Cowboys holding the title of the most valuable sports franchise worldwide, valued at £6.87 billion according to Forbes, Real Madrid remains the richest football club.
They rank 11th with a valuation of £4.6 billion, ahead of Manchester United and Barcelona.
Looking ahead, Real Madrid is poised for even more growth, especially with recent acquisitions like Kylian Mbappe and enhanced merchandising and sponsorship activities.
Looking Ahead
The club’s statement emphasizes their commitment to bolstering both their football and basketball success.
The addition of Kylian Mbappe to their roster for the upcoming season is expected to further elevate their financial and sporting achievements.
As Real Madrid continues to enhance their commercial activities and capitalize on their revamped stadium, they’re set to maintain their position as a leader in the football world.
Mine Crypto. Earn $GOATS while it is free! Click Here!!