Real Madrid closed the 2019/20 financial statement with a very small profit of 320 thousand euros, demonstrating the ability to adapt this strange situation despite the Coronavirus emergency, which has hit the world of football and especially the big clubs, deprived of own public for matches june onwards.
The impact of Covid, on Real Madrid’s coffers, led to a reduction in revenues of -13% (-106 million euros). However, discounting the costs directly associated with these revenues (16 million euros), the loss due to the impact of the Coronavirus emergency is equal to -91 million euros. The Blancos have implemented several cost-saving measures. Containment measures that led the Spanish club to close the 2019/20 financial year with an economic result in break even point (small profit just over 300 thousand euros).
As Marca reports, the club was therefore foresight, adopting various measures to counter the effects of the emergency. The most important was the 10% reduction in salaries in the top football and basketball teams. A cut that would have been 20% if the competitions were completely blocked.
In addition, the Blancos have made various spending cuts in each department of the Club to save the season and close without losses. In the end, the numbers smiled at the Madrid-based company, which was able to close the year with a small profit of 320,000 euros (38.4 million profit in 2018/19).
Ahead of the season that has just started, Real Madrid have calculated a minus revenues of 172 million euros, which could increase if the public cannot return to the Santiago Bernabéu for matches during the sport season.
The budget approved in the 2020/2021 will be around 650 million euros. It should not be forgotten that two-thirds of last season had normal development, which is currently in doubt for this season: for sure the players will have to tighten their belts again, in a negotiation still pending between the squad and the management.
The situation has also changed on the transfermarket, with Real having been concerned above all with selling. The club has grossed € 100 million from disposals, a figure it hopes to raise to € 150 million.
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