Aug 10, 2013; St. Louis, MO, USA; Real Madrid poses for a photo before the match against Inter Milan. Mandatory Credit: Scott Rovak-USA TODAY Sports

Real Madrid announces record revenues

The 2012-13 year for the world’s most valuable franchise, Real Madrid was a good one as they raked in  €520.9 million in revenue. That led to an increase in profits of €36.9 million and a lowered declared financial debt of €90.6 million, according to ESPN FC.

“Real Madrid’s revenue totals €520.9 million, its net profit amounts to €36.9 million, and its net debt has shrunk by 27.4%,” the club said,  via a statement on the club’s official website on Thursday evening. “Real Madrid closed the 2012-13 fiscal year with a turnover of €520.9 million, 1.3% more than in the previous period, thus becoming the only sports entity in the world in far surpassing the €500 million revenue barrier for the second consecutive year. Earnings before taxes total €47.7 million, 47.8% more than in the previous period while net profit is €36.9 million, 52.4% above the previous fiscal year.”

That is good news considering the amount of money they shelled out to land Welsh forward Gareth Bale. Madrid has plans to recoup some of the money invested in Bale. The 2012-13 year saw Madrid be less active in the transfer market only making a big acquistion of Luka Modric in August 2012 for €37 million.

The money shelled out for Bale has almost been balanced out by transfers totaling €115 million for Mesut Ozil, Gonzalo Higuain, Raul Albiol, Jose Callejon and Pedro Leon. Madrid also ditched high-earner Kaka and his salary, they let him leave on a free transfer three years after paying €65 million for him.

Tags: Real Madrid

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