Madrid earns 874,000 euros of profit in the last year

874,000 euros. That is the benefit that the Real Madrid in exercise 2020-21. The club chaired by Florentino Pérez has presented the accounts of a last year that has been marked by the COVID-19. Despite the economic impact (In the statement they estimate that they have stopped entering 300 million euros due to the pandemic), the accounts maintain a positive result for the club's coffers. An impact that, according to Real Madrid, has been reduced by the different savings measures that have been carried out throughout the year. Among other, a salary reduction estimated at 58 million euros and the loss of certain players that represent a saving of 175 million euros.

In addition, the white team emphasizes in the letter that due to this and other measures (savings in operating expenses, etc.) its net debt has been reduced from 240 to 46 million euros. That is, a reduction of 195 million euros. However, the white club does not hide that it has been a complicated exercise in which there have been loss of income “in all lines of business”. Although they mainly regret the non-attendance of the public at the stadium. A stadium, by the way, for which Madrid has obtained a total 30-year loan of 575 million euros.

Prospects for the future

In the same statement, Real Madrid reserves a space in which they explain their forecasts for the year 2021-22. Although they hope that the attendance to the stadiums will return, in the club they do not trust everything to this currency and state that the “Recovery from the situation prior to the pandemic will not be immediate”. In this context, the club adds that they will continue with the savings measures. In this way, Madrid has managed to end the fiscal year positively, despite COVID-19, the works at the Santiago Bernabéu and the lack of public in the stadiums.