Real Madrid has announced a profit of 11.8 million euros ($13.25 million) for the 2022-23 financial year, slightly lower than the previous season’s profit despite experiencing increased revenue. The club’s ability to maintain profitability over the past four years is particularly noteworthy, considering the challenges posed by the COVID-19 pandemic and the ongoing 893 million euro renovation project at their iconic Bernabeu stadium, expected to be completed by the end of 2023.
Real Madrid’s financial resilience serves as a testament to their solid management and ability to navigate challenging circumstances while sustaining a profitable position. The club stated in a press release, “Operating income for the financial year 2022-23 has reached 843 million euros, an increase of 121 million euros (17%) compared to the 2021-22 financial year.” It is important to note that stadium revenues were limited due to the redevelopment project, resulting in a 13% decrease compared to the 2018-19 season. However, revenues from other business lines have already exceeded pre-pandemic levels, with marketing revenues (up 12%) standing out in particular.
Real Madrid’s net worth has risen to 558 million euros, which is 12 million euros more than the previous season. Additionally, their net debt, excluding the Bernabeu project, currently stands at 46.7 million euros as of June 30, 2023. This represents a significant improvement from the previous year when their net debt amounted to 263.1 million euros.
The financial success of Real Madrid amid the pandemic and ongoing stadium renovations reflects the club’s ability to generate revenue from various sources and adapt to evolving circumstances. The continued growth in operating income and the reduction of net debt showcase the effectiveness of the club’s financial strategies.
Real Madrid’s management will likely be pleased with the positive financial results, as they demonstrate the club’s resilience and their ability to remain competitive in both sporting and financial aspects. The profitability achieved despite the challenges of the pandemic and stadium renovation project underscores Real Madrid’s status as one of the most successful and financially stable clubs in the football world.
As the 2022-23 season approaches, Real Madrid can now focus on further strengthening their squad and investing in the future. The club’s ability to navigate financial challenges and maintain profitability puts them in a strong position to compete for titles and continue their legacy as one of the most renowned football clubs globally.
