Real Madrid Sets Unprecedented Record for Revenue in Football History with €1.073 Billion Earnings from the 2023-24 Season

Real Madrid has just set a new benchmark in football finance.

For the 2023-24 season, the club reported a staggering €1.073 billion (£1.45 billion) in revenue, making them the first football team to surpass the €1 billion mark.

This impressive figure marks a remarkable 27% increase compared to the previous season, when they earned €843 million (£708 million).

The Spanish giants have not only achieved record revenues but also enjoyed a substantial profit boost.

They finished the year with an after-tax profit of €15.6 million, reflecting a 32% rise.

Their on-field success, including winning the Champions League, LaLiga, and the Spanish Super Cup, has clearly fueled this financial growth.

Impact of Stadium Renovations

Even with the Santiago Bernabeu stadium undergoing renovations, which affected its full operation during parts of the season, Real Madrid managed to achieve these extraordinary results.

The club noted that despite the incomplete renovations, they experienced increased capacity and commercial activity, thanks to new VIP experiences and major events hosted at the stadium.

Growth in Commercial Activities

Real Madrid’s revenue from broadcasting rights saw a dip compared to last season, but this was offset by significant gains in marketing and stadium operations.

The club highlighted that their commercial activities, including merchandising and sponsorships, have grown substantially.

They anticipate this trend to continue with further enhancements expected in the upcoming financial year.

Looking Ahead

With recent additions like World Cup winner Kylian Mbappe joining the squad, Real Madrid is optimistic about their future prospects.

The club is not only focusing on strengthening their football and basketball teams but also on expanding their commercial reach and leveraging their revamped stadium.

For more on how Real Madrid’s success is shaping their financial future, tune in to “It’s All Kicking Off! EUROS DAILY,” where we’ll delve into how England can maximize Jude Bellingham’s potential.