Real Madrid has recently made headlines by announcing that they have become the highest revenue-generating football club in the world. According to their 2023-24 financial report, the club surpassed the €1 billion mark in total takings. Revenues for the campaign reached an impressive €1.073 billion, marking a significant 27% increase from the previous year.
Profitable Year
Not only did Real Madrid achieve remarkable revenue numbers, but they also closed out the 2023-24 financial year with after-tax profits of €16 million. This represents a 32% increase compared to the previous season. The club’s net equity now stands at €574 million, showcasing a sound financial status.
Unmatched Financial Success
Forbes has valued Real Madrid at an astonishing $6.07 billion, positioning them as the most valuable football club in the world and the 11th most valuable sports team overall. In comparison, Manchester United was ranked 13th with a slightly lower $3 billion valuation. Real Madrid’s consistent financial growth over the years has been commendable, with every line of business experiencing significant growth.
Despite their overall success, Real Madrid did encounter some challenges in the 2023-24 season. One area of concern was the decline in broadcasting rights revenue, as the club received lower revenues from LaLiga compared to the previous season. However, this setback did not overshadow their overall financial performance.
Looking ahead, Real Madrid is optimistic about the future and is forecasting record figures for the 2024-25 financial year. The recent signing of France star Kylian Mbappé on a free transfer has generated significant buzz and is expected to contribute to the club’s continued financial success.
Real Madrid’s financial achievements in the 2023-24 season are truly remarkable. With record-breaking revenues, increased profits, and a strong financial standing, the club has solidified its position as a powerhouse in the football world. Despite facing some challenges, Real Madrid’s trajectory remains positive, and they are poised for even greater success in the coming years.
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