Benefits for Madrid

Madrid has presented the accounts for the year 2020-21: € 874,000 in profits, loses 300 million in income and has reduced its debt by € 195M.

Benefits-for-Madrid

874,000 euros. That is the benefit that Real Madrid has achieved in the 2020-21 financial year. The club chaired by Florentino Pérez has presented the accounts of a last year that has been marked by 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 others, 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 losses 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 2021-22 financial year. Although they hope that attendance at the stadiums will return, the club does not trust everything to this currency and they 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.



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