Real Madrid has set a historic milestone by becoming the first football club to surpass €1 billion in revenue.
This achievement outshines other major clubs like Barcelona, Manchester City, PSG, Liverpool, and Bayern Munich, none of whom have reached this financial landmark.
The achievement is particularly notable as it was not anticipated to occur this year; expectations were that revenue would hit these levels only after the full utilization of the Bernabéu stadium for various events and retail opportunities.
However, Real Madrid achieved a revenue of €1,073 million in the 2023-24 financial year without significant additional use of the stadium facilities.
The official financial report clarifies that winning more titles has led to higher expenses due to increased player bonuses.
A detailed financial breakdown reveals a 27% increase in revenue over the previous year, amounting to an additional €230 million.
The profit for the year stands at €16 million, up from €12 million the year before, pushing the net asset value up to €574 million as of June 30, 2024.
A critical aspect of the report is the club’s net debt, which, excluding costs related to stadium remodelling, is now at €8 million.
This is a significant reduction from the €241 million debt recorded at the start of the Covid-19 pandemic. Real Madrid has managed to decrease this debt substantially over four years.
Looking forward, the Santiago Bernabéu stadium remains a focal point, with expectations of substantial revenue growth as the final touches to the remodelling are completed and new commercial operations begin.
Real Madrid anticipates that once fully operational for events and retail, the stadium will significantly boost revenues, suggesting an even brighter financial future.
The club expresses immense pride and satisfaction with these results, highlighting a groundbreaking fiscal performance as it becomes the first club ever to break the €1 billion revenue barrier.
