Real Madrid Achieves Historic Milestone with €1 Billion Revenue in a Year
Real Madrid has made football history by becoming the first club to surpass one billion euros in revenue in a single fiscal year, according to a report by Deloitte. The Spanish giants achieved record earnings of €1,045 million, surpassing their closest competitor, Manchester City, which reported €837 million.
The remarkable financial success of Real Madrid can be attributed to their triumphs in both LaLiga and the Champions League in the previous season. Furthermore, the club experienced a significant increase in match day revenues, which doubled to €248 million, following renovations to the iconic Bernabeu Stadium.
Commercial revenue also saw a notable boost, increasing by 19% due to a new sleeve sponsorship deal with HP and rising merchandise sales, contributing an additional €482 million to the club's coffers.
In the overall rankings, Paris Saint-Germain claimed third place with approximately £680 million. Manchester United, despite a disappointing seventh-place finish in the Premier League, secured fourth with around £650 million, followed closely by Bayern Munich at £646 million and Barcelona at £642 million.
The report underscores the importance of participating in UEFA competitions for club revenues, as Juventus faced a decline in their ranking due to exclusion from European fixtures for financial breaches. Tim Bridge, lead partner in Deloitte's Sports Business Group, emphasized that while commercial revenue is crucial for the top clubs, broadcast income remains vital for those lower in the rankings.
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