Monday's Most Important Stories: Real Madrid record slight profit in midst of pandemic; European top divisions to spend €870 million on youth development in 2020; Hoeness launches criticism of Alaba's agent; Newcastle take legal action against the Premier League 

14 September 2020

RM
Photo: PA Images Real Madrid closed the 2019/20 financial year with a profit of €320,000, according to Spanish newspaper AS, despite the heavy toll the coronavirus pandemic has taken on the world of football.
Emil Gjerding Nielson nielson@offthepitch.com

1. Real Madrid record slight profit in midst of pandemic

Real Madrid closed the 2019/20 financial year with a profit of €320,000, according to Spanish newspaper AS, despite the heavy toll the coronavirus pandemic has taken on the world of football.

The club's first team, along with Madrid's basketball team, took a ten per cent pay reduction to offset the financial impact, in addition to other cost cutting measures.

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