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 time

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Picture by: Francisco Seco / AP/Press Association Images

Real Madrid today announced earnings of €620 million, placing them first on the list of the world's highest-earning football clubs
 
The figure, which is an increase of 7.4% from last year, places Los Blancos slightly ahead of Barcelona's €609 million income(excluding €70 million in player sales) and easily surpassed the €520 million Man Utd. announced in September.

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".