Real Madrid Posts $50 Million in Net Income

(Before It's News)

Real Madrid President Florentino Perez said Friday in presenting the club’s balance sheet for the 2013-2014 financial year that it earned 38.5 million euros ($50 million) in net income, up 4.4 percent from the previous 12-month period.

Total revenue for the 2013-2014 period rose to 603.9 million euros ($782 million), a 10.9 percent increase compared to the preceding financial year.

The accounts will be submitted for approval at the club’s Ordinary General Assembly on Sept. 21.

Operating revenues, excluding capital gains on player transfers, amounted to 549.6 million euros ($711.8 million), an increase of 5.5 percent compared to the previous financial year.

As a result, the club’s pre-tax profit totaled 48.2 million euros ($62.4 million), while net income amounted to 38.5 million euros.

Real Madrid will post more revenue than any other sports team in the world for the 10th consecutive year, Perez said.

He also noted that earlier this year Forbes magazine ranked the member-owned Spanish soccer club, which won a record 10th Champions League title in May, as the planet’s wealthiest sports franchise.

“We can continue to feel satisfied about having this track record and this financial stability that leads to institutional stability and has a positive impact on the sporting side,” Perez said.

Published in Latino Daily News

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