In the most different Assembly in history, held entirely electronically (including the vote, which was managed remotely by the Indra company), the Real Madrid partners overwhelmingly approved the accounts for the 2019-20 financial year, which yielded symbolic benefits of 313,000 euros, and the budget for the 2020-21 campaign, for which an income of 617 million euros and a pre-tax loss of 91 million euros are planned. The result of the voting on the four items on the agenda, as announced by the club itself, were as follows.
Proposed resolutions of the Ordinary General Assembly:
SECOND POINT. Approval of the Settlement of the Budget, the Report, the Balance Sheet and the Profit and Loss Account, corresponding to the 2019/2020 financial year.
The result of the 1,836 votes cast is: 1,830 votes in favor, 3 against and 3 abstentions. That is, 99.67% of the votes are in favor.
THIRD POINT. Approval of the Income and Expenses Budget and the Activities Project for the 2020/2021 fiscal year.
The result of the 1,813 votes cast is: 1,797 votes in favor, 5 against and 11 abstentions. That is, 99.11% of the votes are in favor.
FOURTH POINT. Approval of Social Quotas for the 2021/2022 Season.
The result of the 1,810 votes cast is: 1,800 votes in favor, 4 against and 6 abstentions. That is, 99.44% of the votes are in favor.
The effects of the pandemic have been very noticeable in the club, which is still saving the situation. Revenues have fallen 25% in two years. In the 2019-20 season, whose accounts have just been approved, the gross debt stands at 409 million euros and the net at 241. The club keeps separate stadium credit accounts. Out of a total of 570 million, 100 have already been taken. Another 275 million will be taken next July and another 200 in July 2022. Florentino announced that the new fiefdom is scheduled to be completed that year, in 2022.