Real Madrid set historic revenue record with astonishing 2023/24 financial year
- Real Madrid become first club to pass €1bn mark in revenue
- Prowess in transfer market has helped Los Blancos cultivate an incredible squad
- Profits of €16m were also recorded in annual reports
Real Madrid have become the first club in football history to pass the €1bn mark in revenue, their official reports have confirmed.
Los Blancos are arguably in the strongest playing condition of any squad in Europe having added Kylian Mbappe to a star-studded squad this summer that already includes Vinicius Junior and Jude Bellingham among many others.
The Spanish giants' on-field successes, which included a La Liga and Champions League double last season, have been complemented by their off-field savvy, making them renowned as one of the best-run clubs in the world.
Releasing their annual accounts for the 2023/24 financial year, a statement from Madrid reads: "Operating income (before disposal of fixed assets) for the 2023/24 financial has totalled €1.073bn, an increase of €230m (27%) compared to the 2022/23 financial year. In this period, despite the stadium not being fully operational, the club has succeeded in eclipsing the €1bn mark in operating income before disposal of fixed assets. This is an unprecedented figure for any football club.
"Every line of business has seen growth, with the exception of broadcasting rights, where revenues received from La Liga in 2023/24 were lower than in the 2022/23 season. The gains in marketing and the stadium are particularly notable.
"From a commercial perspective, the club has significantly boosted its merchandising and sponsorship activities during the 2023/24 financial year. A substantial element in relation to the latter is the new deal with HP to be the team's sleeve sponsor.
"As for the stadium, despite the business elements related to the remodel not being fully complete, there has been a progressive increase in terms of capacity and commercial operations over the course of the year. This saw the initiation of new business areas in the latter part of the financial cycle, in particular hosting major events and a new premium offering with new VIP experiences.
"This has all resulted in a significant increase in stadium-related revenues, although it won't be until the 2024/25 year that the stadium becomes fully operational in every area of business. Lastly, revenues from international competitions has seen a boost following victory in the Champions League (semi-finalists last year)."
As well as Mbappe, Brazilian prodigy Endrick has also joined the Madrid squad as they look to defend the domestic and European titles they won last season.
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