The economic management that the Real Madrid has done in recent years pay off. The white club, with Florentino Pérez at the helm, has been reinforced after publishing the salary limits that each team has this season: you can spend more than 739.1 million euros, a record figure that has been achieved after carrying out an aggressive savings policy. The sale of players such as Cristiano, Achraf, Varane or Odegaard, which is linked to the release of large salaries (in this section the departure of Sergio Ramos can be included) have made the club’s treasury grow notably. Also the money collected and saved in assignments throughout these last years. In addition, to fight more strongly the economic crisis caused by the coronavirus, it has opted for a reduction in salaries in the workforce. Thanks to the support that the players have given, the club is now in an enviable situation compared to other great Spanish and European clubs.
Those 739.1 million is 270.6 more than the previous season, when he could spend 468.5. “The financial management that Real Madrid has done during the pandemic has been excellent. If we add the results obtained in 19-20 and 20-21, the profit was one million euros. They have managed to balance expenses and income so as not to have losses“, explains Juan Guerra, corporate director of LaLiga. And it is that, in addition to having increased its treasury through sales, the Chamartín team has not exceeded its salary limit in recent seasons, which allowed to save year after year, something that many other teams have not done. In fact, their accounts presented to the partners and competent bodies have always budgeted low. An example was given last year, when Madrid pointed out in their forecasts that they would qualify until the eighth of the Champions League, with the benefit that this entailed. Finally, he reached the semifinals and the prize was bigger.
Piggy bank for transfers
“Madrid have money to sign Mbappé and Haaland together”, said Javier Tebas, president of LaLiga, a few days ago. Last market the cub had perfectly adjusted his salary limit to be able to register the French player without exceeding it. It was 418 million euros in June, but the white board carried out the corresponding processes to increase it by 292 (presenting an item of own funds) and adjust to the figures counting transfer, salary and bonuses. It is important to bear in mind that teams may have a lower salary limit than estimated if in their economic forecasts they are ‘pessimistic’ (as is the case of Madrid with the Champions League), and may increase it if they present additional money items throughout the season. season.
In those 739.1 million that have a salary limit, all expenses derived from the sports part must enter. This includes everything from player salaries (gross) and amortization to affiliate spending. This year it has only added the amortization of Camavinga (about 7 million) and its salary, but it has saved in the sales of Odegaard and Varane, the salaries of both and that of Sergio Ramos, and the transfers of Kubo, Brahim and Odriozola. In the 2019-2020 season, with the appearance of the coronavirus, it had expenses of 524 million euros. That year, the salary limit was 641 million. In the absence of the accounts for this course, the club has worked to reduce that amount, so the margin could be even higher, and it can be used in the market.
This means that, as Tebas warned, Madrid has enough financial muscle to undertake one or two big signings next season. What’s more, Bale (30 million gross), Marcelo (16 million) and Isco (14 million) will be added to that salary limit at the end of the season, since all of them will end their contracts and there is no forecast to renew them.
In case of signing Mbappe, would arrive free, so there would be no transfer expense to fit the limit, although the player’s bonus and salary would. In the case of HaalandYes, it would be necessary to pay a transfer (presumably expensive) that would make Madrid approach the limit. However, the margin is wide enough to spend a large amount.