Football
Ending On A High : Real Madrid Closed the 2021-22 Season With A Profit Of 13 Million Euros
Picture : Twitter/ realmadriden
Real Madrid closed the 2021-22 season with a profit of 13 million euros ( 13.2 million) and a cash balance of 425 million euros ( 430.3 million).
As per report by AP, The club said on Monday the loss of income because of the coronavirus pandemic since March 2020 reached nearly 400 million euros ( 405 million) compared to the pre-pandemic situation, in addition to the loss of new revenue that could have been generated without the pandemic.
The operating income for last season reached 722 million euros ( 731 million), the club said, an increase of 10% year-on-year as the economic effects of the pandemic are gradually subsiding.”
The club said the effects of the pandemic were still lingering, though, which is why the revenue for 2021-22 was still lower than it was four years ago.
The 425 million euros ( 430.3 million) in liquid assets excluded the redevelopment of Santiago Bernabéu Stadium . Madrid won a record 14th European title last season, in addition to the Spanish league and the Spanish Super Cup.
