Real Madrid close the 2021-22 financial year with a profit of 13 million euros

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Real Madrid recorded a profit of €13m (£11.3m) for the 2021-22 financial year.

Real recorded the profit despite what they calculate as 400 million euros in losses related to the COVID-19 pandemic since March 2020. This is also their third consecutive year affected by COVID in which they made a profit.

After a 2021-22 campaign that saw them win the Champions League and La Liga, Real also take home €425.5m in cash, an increase of €300m from the previous year. This figure, however, excludes the Santiago Bernabeu redevelopment project.

Real’s total investment in the stadium project rose to €537.8m from €279.2m the previous year. Last season, Real returned to the Bernabeu after playing at the Estadio Alfredo Di Stefano in the 2020-21 campaign due to renovations to their main stadium.

In May, Real struck a 20-year, €360m deal with US-based Sixth Street – which has since partnered with Barcelona as well – and Legends, which will see several events held at the Bernabeu each year. year.

Real’s net debt, excluding the Bernabeu project, stands at -263 million euros, meaning they are in a net cash position. This is an improvement from last year, when their net debt was 46 million euros.

However, Real also increased their loan draw on the Bernabeu renovation from €375m last year to €800m this year, an increase of €425m.

Real’s accounts relate to the club as a whole, including the football and basketball teams. Last year, however, the basketball team’s total expenses, including salaries, were just under 10% of those of the football team.

Carlo Ancelotti’s side weren’t particularly active during the transfer window, but brought in Antonio Rudiger on a free transfer from Chelsea and splashed €100m on Monaco’s Aurelien Tchouameni. They recouped much of that fee, with Casemiro being sold to Manchester United for €80.7m and Borja Mayoral, Takefusa Kubo and Miguel Gutierrez all leaving on permanent deals.

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(Photo: Getty Images)

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