Real Madrid Revenues To Hit All-Time High
The world's most profitable football club continue to triumph over the global credit crunch, and with flying marks...
Businesses around the world have been shedding tears ever since early September, when the global financial crisis took its toll on the world's largest corporations. The same can't be said about Real Madrid though, who released their financial expectations for the 2008-09 season to reveal some shocking revelations.
According to a report released by Agence France-Presse, Real Madrid have announced that they are expecting a record €407 million in revenue by June, up from €366 million during the same time last year.
Even more impressive, pre-tax profits are expected to rise to a whopping €58 million. This would see Real Madrid emerge as the world's highest earner in terms of both revenue and profit.
As for the club debts, which have been a controversial issue ever since the infamous 'Galatico' Era, they are expected to drop to €125 million, a world-record 37.5 per cent decrease in total.
Meanwhile, los Blancos' arch-rivals Barcelona are still behind in terms of finances, expecting a 'meagre' €308 million in revenue, €100 million less than Real Madrid. Barca's debts are still at €180 million, and are not expected to decrease severely by the time the financial year ends this June.
The sharp jump in earnings for both teams are largely down to their luxury television contracts, their main source of income, along with merchandising, sponsorship deals, and ticket sales.