Financial Report: Real Madrid expect €300 million drop in revenue for current season
3 December 2020
Covid-19 saw the Spanish giants lose out on €106 million in income last season but worse is yet to come.
Their pre-tax profit fell by almost €40 million to just €313,000.
Real Madrid earlier this year secured long-term bank financing of €155 million to offset the impact on their treasury.
Real Madrid expect turnover of around €300 million less for the 2020/21 season than they would have otherwise were it not for the pandemic, according to a just-published statement on their financial results for last year.
The results have been revealed as the club lie on the verge of a troubling exit from the Champions League group stage and shortly after their number one competitor, FC Barcelona, revealed they too are expecting around €300 million less in income for the current campaign.
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