ANDhe real Madrid has released the result of its accounts for last season in a statement. The club throws some profits of 13 million eurosthe net worth amounts to 546 million As of June 30, 2022, a treasury balance of 425 million and the loss of income caused by covid since March 2020 is 400 million euros.
“With this result, the club manages to stay in profit in the three years affected by the pandemic, after having obtained profits both in the 2019-20 financial year (313 thousand euros after taxes) and in the 2020-21 financial year (874 thousand euros after taxes), being one of the few large clubs in Europe that did not incur in losses in those two exercises”, says the statement.
546 million net worth
“As a consequence of the profits obtained, the club has been increasing year after year the value of its net worth until reaching a value of 546 million euros as of June 30, 2022. Having managed to maintain profits in the three years affected by the pandemic (2019-20, 2020-21 and 2021-22), despite the income losses suffered, The club has managed to increase the value of the net worth by 14 million euros compared to the situation in June 2019 before the pandemic,” he adds. The operating income of the 2021-22 financial year have in turn reached, as announced by the club itself, the figure of 722 million euroswhich represents an increase of 69 million euros (10%) compared to the previous year, as the economic effects of the pandemic gradually subside.
On the other hand, the treasury balance as of June 30, 2022, excluding the stadium remodeling project, is €425 millionThe club’s net debt, excluding the stadium remodeling project, stood at -263 million euros as of June 30, 2022. “This amount represents, in reality, not a debt but a net liquidity positionas the sum of the treasury and debtors for transfers is greater than the credit balances for investments, bank debt and advances, “explains the club.
The Board of Directors met today to agree to call the Ordinary General Assembly for October 2in which the results corresponding to the 2021-2022 season will be submitted for approval, among other matters.
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Real Madrid returns to profit and presents a box of 425 million