Sport: Real Madrid become first club in world to report €1bn in revenue

Real Madrid become first club in world to report €1bn in revenue - Nigeria Latest Breaking News Today

Real Madrid have announced that they are the highest revenue-generating football club in the world. ..Read Full Article

Their 2023/2024 reports shows the LaLiga club have exceeded €1billion ($1.08bn) in takings.

The revenues does not include player transfers, which hit €1.073bn, a €230million rise from the previous year and a 27% increase.

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The UEFA Champions League winners closed out the 2023/2024 financial year with after-tax profits of €16m, 32% higher than last season.

A club statement read: “This is an unprecedented figure for any football club.

“The club maintains its sound financial status with a net equity of €574m.

“The club has continued its profitable trajectory year after year since the turn of the century.

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“Every line of business has seen growth, with the exception of broadcasting rights, where revenues received from LaLiga in 2023-24 were lower than in the 2022-23 season.”

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