Real Madrid presents its latest fiscal results, highlighting a period where financial strength is showcased while the club navigates guarantees from managers, rising capital needs, and the reality of salary caps alongside necessary cuts to maintain stability. The financial plan Florentino Pérez will submit to the partners projects a profit of 13 million euros for the 2021/22 season and reveals what truly delivered results, including a treasury of 425 million euros.
These figures outline the main outcomes approved by the board this Friday, including a positive net worth of 546 million euros. Despite this, the club acknowledges the Covid-19 health crisis imposed losses of about 400 million euros, underscoring the unusual economic environment of the past years.
Three positive trends
In the accounts disclosed this Monday, the European champion emphasizes that they must also account for the new income losses caused by the pandemic. The report notes that the club closed three consecutive pandemic years with a positive result, even though the margins in the two prior years were under one million euros. This remains an unprecedented milestone for Spanish football and a remarkable achievement in European context.
Looking ahead to the current season, Pérez and his directors present a revenue budget of 769.9 million euros, up 48.1 million from the previous year. The profit forecast aligns with a five‑year target as of 30 June, although these projections exclude the costs associated with remodeling the Bernabéu stadium.
If these numbers are realized, Real Madrid would record the highest operating income in its history. While this would exceed the 757 million euros reached in the 2018/19 season, it would still fall short of some estimates made before the Covid disruption halted competition in March.
Real Madrid confirms a positive result of 13 million euros for the 2021/22 fiscal year, reinforcing the club’s resilience and financial discipline.
– Real Madrid CF (realmadrid) September 12, 2022
Negative net debt
The club’s net debt stands at a negative 263 million euros, a sign of liquidity strength. The management explains that this figure represents a net liquidity position, where the total cash and transfer receivables exceed the sum of investment loans, bank debt, and advance payments.
Regarding stadium reconstruction, the report shows an investment recognized in the 2021/22 fiscal year of 259 million euros, including capitalized financial costs during construction. This brings the cumulative investment up to 538 million euros as of 30 June 2022.
Additionally, Real Madrid arranged a total of 800 million euros in loans for these activities, with 354 million euros of unused credit available. This liquidity cushion ensures the club can pursue its plans without overextending borrowing.
Finally, the club estimates a state contribution to public coffers of 351 million euros in the 2021/22 season, encompassing income tax withholdings, Social Security contributions, property taxes, and value-added tax, among other fiscal measures.