Real Madrid closed the 2021/22 financial year with a $19.3 million profit in the Spanish club’s report, with the COVID-19 pandemic still having an impact on revenues.
In the 2021/22 season, Real won the Champions League title, the fifth title in the last eight years and a record 14th in total, as well as the Spanish League title and the Spanish Super Cup. The basketball first team won the ACB League title, was a finalist in the Euroleague and champion of the Spanish Super Cup. The result has been higher revenues, but also higher expenses, especially in terms of bonuses for the sporting personnel.
The Club’s net asset value has increased year on year as a result of the profits made, reaching a value of $810.5 million as of June 30 2022. By staying in profit in the three years affected by the pandemic – 2019/20, 2020/21 and 2021/22 – despite the loss of income suffered, the Club has managed to increase the value of its net assets by $20.7 million in comparison to the pre-pandemic situation as at June 2019.
The Club stated the cash balance at June 30 2022, excluding the stadium redevelopment project, was $631 million, while the loss of income due to the pandemic since March 2020 had touched $594 million.
“Operating income for the financial year 2021/22 has reached $1.072 million, an increase of $102 million AUD (10%) year-on-year, as the economic effects of the pandemic are gradually subsiding,” Real Madrid’s statement read.
The club’s net debt, excluding the stadium redevelopment project, reached a value of $390.5 million as of June 30 2022, the statement added.
For a full breakdown of Real Madrid’s analysis, you can find it here.
