Profit

Real Madrid close the 2021-22 season with a profit of 13 million euros


MADRID (AP) — Real Madrid closed the 2021-22 season with a profit of 13 million euros ($13.2 million) and a cash balance of 425 million euros ($430.3 million ).

The club said on Monday that the loss of revenue due to the coronavirus pandemic since March 2020 reached nearly 400 million euros ($405 million) compared to the pre-pandemic situation, in addition to the loss of new revenues that could have been generated without the pandemic. .

Last season’s operating profit reached 722 million euros ($731 million), the club said, a 10% year-on-year increase “as the economic effects of the pandemic are gradually diminishing”.

The club said the effects of the pandemic were lingering, which is why revenue for 2021-22 was still lower than it was four years ago.

The 425 million euros ($430.3 million) in cash excludes the redevelopment of the Santiago Bernabéu stadium.

Madrid won a record 14th European title last season, in addition to the Spanish league and the Spanish Super Cup.

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