Real Madrid reveals record revenues, prior to Gareth Bale deal

Updated: 06 September 2013 18:06 IST

The world's richest club says it earned 521 million euros - a 1.2 percent increase from the previous year - for a profit of 37 million euros

Madrid:

Real Madrid say they posted record revenue of more than half a billion euros (dollars) for a second straight season in 2012-13.

The world's richest club says it earned 521 million euros ($684 million) - a 1.2 percent increase from the previous year - for a profit of 37 million euros ($48.5 million) in a season that failed to produce a major trophy.

Madrid say they reduced their debt by 34 million euros ($45 million) for a total still owed of 91 million euros ($119 million).

These figures do not include Madrid's transfer business from this summer, topped by their world-record payment of 100 million euros ($132 million) for Gareth Bale.

Madrid, who lead Spanish rival Barcelona in the rich list, say they revenue figures are "not reached by any other sporting institution in the world."

Topics : Football Gareth Bale Real Madrid Barcelona
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