Real Madrid closes 2021-22 season with profit of 13M euros

Posted September 12, 2022 7:00 am

The Associated Press

Real Madrid's Vinicius Junior, left, celebrates after scoring his side's 2nd goal during the Spanish La Liga soccer match between Real Madrid and Mallorca at the Santiago Bernabeu stadium in Madrid, Spain, Sunday, Sept. 11, 2022. (AP Photo/Manu Fernandez) The Associated Press

MADRID (AP) - Real Madrid closed the 2021-22 season with a profit of 13 million euros ($13.2 million) and a cash balance of 425 million euros ($430.3 million).

The club said on Monday the loss of income because of the coronavirus pandemic since March 2020 reached nearly 400 million euros ($405 million) compared to the pre-pandemic situation, in addition to the loss of new revenue that could have been generated without the pandemic.

The operating income for last season reached 722 million euros ($731 million), the club said, an increase of 10% year-on-year 'œas the economic effects of the pandemic are gradually subsiding."

The club said the effects of the pandemic were still lingering, though, which is why the revenue for 2021-22 was still lower than it was four years ago.

The 425 million euros ($430.3 million) in liquid assets excluded the redevelopment of Santiago BernabÃ©u Stadium.

Madrid won a record 14th European title last season, in addition to the Spanish league and the Spanish Super Cup.

___

More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Real Madrid's Federico Valverde, left, celebrates with Real Madrid's Dani Ceballos after scoring his side's first goal during the Spanish La Liga soccer match between Real Madrid and Mallorca at the Santiago Bernabeu stadium in Madrid, Spain, Sunday, Sept. 11, 2022. (AP Photo/Manu Fernandez) The Associated Press

Real Madrid's Federico Valverde, right, celebrates with Real Madrid's Dani Ceballos after scoring his side's first goal during the Spanish La Liga soccer match between Real Madrid and Mallorca at the Santiago Bernabeu stadium in Madrid, Spain, Sunday, Sept. 11, 2022. (AP Photo/Manu Fernandez) The Associated Press

Article Comments

Article Categories
Content Providers MLS Pro Sports Soccer Sports Sports Leagues Sports Types

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.