On July 9, Paris Saint-Germain put an end to the 2024-25 season of Real Madrid. The winners of the Champions League spanned the Merengues 4 to 0 in 1/2 final of the Club World Cup. A blow for the residents of the Santiago-Bernabéu stadium, who had made this competition a goal after having failed to win the Liga, the King's Cup and the Champions League. An almost white year for Casa Blanca, which won the European Super Cup and the Intercontinental Cup of FIFA. Despite these results below expectations, the Real Madrid cash flow is doing well. Very well even. Yesterday, the capital's club published a financial report on its official website.
Real Madrid has excellent recipes
“Real Madrid finishes exercise 2024-25 with a result after taxes of € 24 million. The revenues of the 2024/25 season, excluding transfers of players, reach 1.185 billion euros, 10% more than the previous year, during which the club had exceeded the billion euros. A first in the history of football. The values of the EBITDA before transfer (€ 208 million) and the EBITDA (€ 243 million) carried out during the financial year 2024-25 are the highest ever reached by the club. The club retains a heritage situation with a own capital of € 598 million, a cash flow of € 166 million and a net debt of € 12 million (debt/ebitda ratio 0.0x) on June 30, 2025. “
Real Madrid also specified concerning the sponsorship part. “With regard to commercial activity, during the year 2024/25, the club has considerably developed its merchandising and sponsorship activities, in particular thanks to the signing of new important sponsorship contracts.” The arrival of Kylian MbappĂ© certainly had an impact at this level. Regarding the stadium, the club said: “Exercise 2024/25 was the first to undergo any restriction of availability due to work and to benefit from a high level of exploitation of the various recurring activities linked to ticket office and commercial exploitation, which resulted in a significant increase in income.”
Bernabéu renovation costs more than expected
It is then indicated: “Certain activities are not yet fully exploited, in particular the restoration and organization of concerts. On the other hand, the marketing of the product 'licenses of personal place' continued in 2024/25, although the income generated by this product was lower than those of the previous financial year due to the marketing of a lower number of places. Except this income from licenses, revenues from recurrent activities linked to the reception capacity and the commercial exploitation of the stadium were in 2024/25 38 % higher than those of the previous financial year. In the rest of the press release, the Spanish team shared different figures. And one of them caught attention.
These are expenses related to the renovation of the Santiago-BernabĂ©u stadium. They are raised to 1.347 billion euros. Iberian media, including Mundo Deportivorecall that in 2018 the figure initially announced for the renovation of the enclosure amounted to 575 million euros. Since then, the Champions of Spain and Europe 2024 have requested two new loans. The first date of 2021 and was an amount of € 225 million. He had been contracted for the retractable lawn project which did not appear in the initial plans. In 2023, Madrid made a second loan of € 370 million. “Real Madrid has already reimbursed 38 million euros in these loans, which leaves a balance of 1.132 billion euros on the principal”precise MD. The site will be completed in 2025-26 but the Merengues have already inflated the note at more than double the initial price.
