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Real Madrid reveals record revenues, drop in debt
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."
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Topics mentioned in this article
Real Madrid
Arsenal
Chelsea
Manchester United
Wayne Rooney
Alex Ferguson
Levski Sofia
Samuel Eto'o
Barcelona
AC Milan
Football
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