Real Madrid proudly presents black annual figures on Wednesday. The Spanish superpower booked a profit after tax of 874 thousand euros in the 2020/21 season, in which no spectators were allowed. “In this way, the club is one of the few major clubs in Europe that has not suffered a loss for two years in a row,” Real Madrid said in a statement.
As a result of the pandemic, Real Madrid had to deal with a loss of income of no less than 300 million euros. The Royal was able to compensate for this with intensive cost-saving measures. For example, a voluntary salary reduction of ten percent was implemented in both the football and basketball branches of the club. Real Madrid also saved 38 million euros on operating costs, including by playing in the second stadium, the Alfredo Di Stéfano.
The biggest cut was made by Real Madrid in spending on players: the club did not buy a single player last season, while selling for around 100 million euros. As a result, 874 thousand euros were left at the bottom of the 2020/21 season, half a million euros more than the profit in the 2019/20 season, when the consequences of corona were already felt.
As a result of the loss of income, Real Madrid had to take out a loan of 205 million euros and therefore has 122 million euros in cash. The Spanish top club looks forward to the future with great confidence. The expectation is that the club will be able to receive spectators again in the 2021/22 season, although the question is how much of the capacity can be used.
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