Financial Report: Real Madrid expect €300 million drop in revenue for current season

3 December 2020

RealMadrid
Photo: PA Images Covid-19 saw the Spanish giants lose out on €106 million in income last season but worse is yet to come.

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.

Emil Gjerding Nielson nielson@offthepitch.com

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.

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.