Saturday, 8 October 2016

REVEALED: Real Madrid Is The Highest Earning Football Club In The World.

Real Madrid have been confirmed as the world's highest-earning football club after revealing their latest financial figures.

The Spanish giants posted record revenue over the course of 2015-16, with earnings rising 7.4% to €620million. This put Real Madrid ahead of nearest rivals Manchester United and Barcelona.

Barca's revenue in the same period was €679m but included around €70m in player sales - which Madrid's did not - While Manchester United announced earnings of €570m in September.

Real Madrid released a club statement, read:
"Operating revenues for the financial year 2015-16, without taking into account capital gains obtained as a result of player transfers, have topped €600million for the first time.
"The operating result before repayments and player transfers has risen to €163.2m, which  is the highest figure ever reached by the club.
"This improvement in profitability is due to an increase in revenues having subtracted operating expenses and provisions corresponding to risks and contingencies.

"A pre-tax profit of €43.3m has been recorded, which is 22.5% less than the previous financial year. This is due to the non-recurrent effect of player transfers, despite the operating improvements recorded. After achieving a net profit (after tax) of €30.3m, net worth has risen to €442.2m.
"The cash balance has risen by €102.6m to reach a figure of  €211.5m, thanks to higher cash slows generated by operations and restraints on investment.

"As a result of the increase in liquid assets and the reductions of creditor balances by investments, the €108.9m to sit at a figure of €-13.1m, which in reality represents not a debt but rather a net liquidity position.
"Therefore, multiples of debt over EBITDA and net worth have been reduced to zero, indicating a position of maximum solvency."




 
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