Real Madrid profited by 13 million euros Real Madrid made a profit of 13 million euros

by time news

Real Madrid, one of the biggest football clubs in Spain, will make a profit of 13 million euros in the financial year 2021-22. The club has been able to remain profitable even though there has been a drop in revenue due to Covid, officials said.

Real Madrid won the Champions League, La Liga and the Spanish Super Cup in the 2021-22 season. Club officials said the cash balance as of June 30, 2022, excluding the stadium development project, was €425 million and the loss of revenue due to Covid since March 2020 was €400 million. Operating income for the financial year 2021-22 reached 722 million euros. A year-on-year increase of 69 million euros.

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