Real Madrid reveals record revenues, drop in debt

Updated: 14 September 2012 17:40 IST

Real Madrid says it posted record revenue of more than a half a billion euros (dollars) in the 2011-12 season, an increase of seven percent.

Madrid:

Real Madrid says it posted record revenue of more than a half a billion euros (dollars) in the 2011-12 season, an increase of seven percent.

The world's richest club says it earned €514 million ($673 million), up from a record €480 million, for a profit of €34 million in the season it won the Spanish league.

Madrid says its debt load dropped from €169.7 million to €124.7 million as it comes in line with UEFA's financial fair play requirements.

Madrid, which leads Spanish rival Barcelona and Manchester United in the rich list, says the revenue figures are "the biggest sum of any sporting institution in the world."

Related Articles
I'm Staying at Real Madrid, Says Cristiano Ronaldo
I'm Staying at Real Madrid, Says Cristiano Ronaldo
Cristiano Ronaldo Will Remain Real Madrid Player For '2-3 More Years', Says Zinedine Zidane
Cristiano Ronaldo Will Remain Real Madrid Player For '2-3 More Years', Says Zinedine Zidane
Bayern Munich Sign James Rodriguez On Loan Deal From Real Madrid
Bayern Munich Sign James Rodriguez On Loan Deal From Real Madrid
Show Comments
Advertisement