Spanish Liga football club, Real Madrid has further consolidated its position as the financial powerhouse of world sport by revealing revenue and profit increases for its 2014-15 fiscal year.
In its financial report for 2014-15, Real said it generated total revenue of €660.6m ($731.9m), a 9.4 per cent increase on the previous fiscal year’s mark of €603.9m. This figure includes the capital gains obtained through the sale of players.
Net profit climbed to €42m, a 9.1 per cent increase on the previous fiscal year’s figure of €38.5m. However, after reporting a 21 per cent reduction in net financial debt in 2013-14, this rose by 24 per cent to €95.8m for the year ending June 30, 2015.
Real Madrid finished runner-up to Barcelona in the 2014-15 LaLiga season and exited the Uefa Champions League through a semi-final defeat to Juventus. The 2013-14 figures came after the club won the Champions League and finished third in LaLiga.
In July, Real retained its title as the world’s most valuable sports team in Forbes’ annual study. Real secured top spot for the third straight year, despite seeing its valuation fall five per cent to $3.26bn (€2.96bn).
Forbes pointed to Real’s revenue of $746m in 2014, the highest in all sports, but said its valuation suffered due to the euro’s decline against the dollar. Equal second billing was granted to NFL American football franchise the Dallas Cowboys and MLB baseball team the New York Yankees with valuations of $3.2bn.
