Real Madrid closed the 2021-22 financial year with a 13 million euros ($13.19 million) profit, the Spanish club said, with the COVID-19 pandemic still having an impact on revenues.
Real Madrid closed 2021-22 season with 13 million euros profit (Reuters Photo)
HIGHLIGHTS
- Real Madrid closed 2021-22 season with a profit of 13 million euros
- Real Madrid said cash balance on June 30, 2022 was 425 million euros
- Real Madrid’s net debt reached a value of 263 million euros
La Liga club 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). The club had managed to remain in profit over the three financial years affected by the COVID-19 pandemic, it added.
In the 2021-22 season, Real won a record-extending 14th European Cup when they beat Liverpool 1-0 in the Champions League final, while they also won the LaLiga crown and the Spanish Super Cup.
The club said the cash balance on June 30, 2022, excluding the stadium redevelopment project, was 425 million euros, while the loss of income due to the pandemic since March 2020 had touched 400 million euros.
“Operating income for the financial year 2021/22 has reached 722 million euros, an increase of 69 million euros (10%) year-on-year, as the economic effects of the pandemic are gradually subsiding,” the club statement read.
It added, however, that revenues were still being impacted by the pandemic.
The club’s net debt, excluding the stadium redevelopment project, reached a value of 263 million euros as of June 30, 2022, the statement added.
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