This Sunday the Real Madrid celebrated in Valdebebas his Assembly of Committees 2020 with 1,773 partners meeting telematically due to the Covid-19 crisis. The Board of Directors presented an income statement with a positive balance despite the crisis generated by the pandemic, with benefits of 313,000 euros. The loss of income compared to what was planned has been 107 million euros and the budget for the 2020-21 season will be 616.8 million.
Florentino Pérez began his report by lamenting the death of so many people from Covid-19 and asked for a minute of silence. “Playing our games without the presence of partners and fans was the most difficult. The absence has led to a significant drop in income. We have suffered a reduction in expenses to continue facing the future ”, he said in reference to the reduction of the floor that the staff has accepted.
Pérez praised the players and the coach, Zinedine Zidane: “We are proud of some players who left their souls to make the fans happy and win a league that is already unique, just like our coach, who is the second coach with more victories in the history of the club ”. In addition to highlighting the quarry, a memory for Iker Casillas: “He is a benchmark and a myth of Madridismo.”
Presentation of accounts
Florentino Pérez presented the accounts: “Fiscal year 19-20 has been marked by the effects of the Covid. 107 million euros have been stopped entering. To mitigate this, the players and coaches voluntarily agreed to lower their pay by 10%, which would have been 20% if the league had not been able to resume. With these saving measures, it has been possible to close the year positively, with 313,000 euros ”. “We have a net worth of 533 million euros and a sufficient treasury to cover the payment in this situation.”
A loan to be paid with the proceeds of the new stadium
With regard to the remodeling of the Santiago Bernabéu, “after more than a year of works, we can see how it has taken shape and will be a vanguard icon of world football. The investment is 114 million euros so far ”. “The loan of 525 million that was requested for 30 years will be paid with the new income generated by the renovated stadium.”
“Real Madrid continues to be the most valuable club in Europe and the most valuable football brand in the world. This is the club with 23 European Cups, 13 for football and 10 for basketball ”.
Wink to the European Club Super League
Florentino Pérez launched a message about the changes that are coming, a nod to the European Club Super League that promotes the great teams of the old continent. “Nothing will be like before. The pandemic should make us more competitive. You have to innovate, find ways to keep football attractive. Real Madrid was at the founding of FIFA, at the European Cup … the current model needs a boost and the impact of Covid 19 has shown it ”.
“Everyone is advocating the reform of the global competitive landscape. There is saturation and the fans, who are the most important, suffer. There are also consequences for players, in the form of injuries. Football reform must not wait. You have to change. The greats of Europe have millions of fans and you shouldn't turn your back on them, ”he said.
The most powerful clubs in Europe promote a Super League with a format similar to that of the Euroleague basketball, a tournament that would generate more revenue than the current Champions League and that would offer a greater spectacle for spectators.
Josep Maria Bartomeu, on the day of his resignation as president of FC Barcelona, dropped the support of the Barça club for this new competition. Florentino's words indicate that Real Madrid would also be in favor of the innovative tournament.