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Real Madrid have record revenues of half a billion euros
Real Madrid say its revenues increased by 8 percent over the 2010-11 season to reach a record figure of nearly half a billion euros.
- Associated Press
- Updated: September 17, 2011 01:55 PM IST
Read Time:1 min
Madrid:
Real Madrid say its revenues increased by 8 percent over the 2010-11 season to reach a record figure of nearly half a billion euros.
The world's richest club says it earned €480.2 million ($663 million) for a net gain of €31.6 million ($43.6 million) from a season when it won the Copa del Rey. The net profit margin was up from €24 million ($33 million) the season before.
Madrid also says its net debt dropped from €244.6 million ($337.6 million) to €169.7 million ($234.2 million).
Madrid, who lead Spanish rivals Barcelona and English champions Manchester United, say the revenue figures are "the biggest sum of any sporting institution in the world."
Topics mentioned in this article
Football Real Madrid Barcelona
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