Real Madrid have published their accounts for the 2022-23 season and recorded a profit of 11.8 million euros.
Real Madrid is fine, thanks for him. Los Blancos’ profit is actually down around €1m from the previous season, but their revenue has risen sharply to reach its highest figure yet and surpass the levels for the first time. before the pandemic. Last season, Los Blancos’ income was €722m, but it increased by €121m to €843m.
They also ended with 128 million euros in their cash, while their net debt fell from 263 million euros to 47 million euros. However, these figures do not include the cost or the debt related to the renovation of the stadiums, which fell from 538 million euros to 893 million euros. The latter figure represents the total cost of the Santiago Bernabeu works so far, which are expected to be completed at the start of this season.
Real held up well
In addition to cash from the treasury, the Madrid club also has access to 265 million euros in credit lines. The expense/revenue ratio is 54%, which is considered healthy; a ratio above 70% is of concern.
Real Madrid have large debts related to the construction of their stadium, but their financial situation is largely healthy. It has weathered the effects of the pandemic better than many of its competitors, despite the absence of a major financial backer.
