Real Madrid beat Man Utd and Barcelona in list of highest-earning football clubs
Los Blancos recorded earnings of over €600 million for the first time17:10 Friday 7 October 2016, 17:10 7 Oct 2016
This is the first time the club has posted profits over the €600 million mark, and while they have paid off €96 million worth of debt, the club has posted a smaller pre-tax profit than in previous years.
An official statement released by the club today explained this as a result of a lack of player sales.
"A pre-tax profit of €43.3m has been recorded, which is 22.5 per cent less than the previous financial year. This is due to the non-recurrent effect of player transfers, despite the operating improvements recorded.
The statement went into further detail regarding the financials, revealing the net profit to be slightly over the €30 million mark.
"After achieving a net profit (after tax) of €30.3m, net worth has risen to €442.2m.
'The cash balance has risen by €102.6m to reach a figure of €211.5m, thanks to higher cash flow generated by operations and restraints on investments".
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