Real Madrid Wednesday announced net profit for the 2009-2010 season jumped 11.5 percent from the previous year on what it said were the highest revenues “of any sports institution in the world.”
It said gross revenues for the season were 442.3 million euros, up 8.6% from the previous year. I believe this is the first time that any sports franchise has posted revenues in excess of 400 million euros in a single year,
Real reported their net profit had risen 11.5% to 24 million euros, and that their net debt had shrunk 25.1% from 326.7 million to 244.6 million euros.
The big-spending Spanish club reported annual profits of 24 million euros (30.6 million dollars), up from 21.5 million a year earlier.
Here are the official figures from the Real Madrid web site.
|Earnings before player transfers||407.3||442.3||+8.6%|
|EBITDA before player transfers||93.1||111.6||+19.8%|
|Efficiency ratio of Personnel Expenditures/Earnings||46%||43%||–|
|Earnings after amortization||29.1||43.9||+50.9%|
|Earnings before taxes||24.9||31.0||+24.2%|
|Net assets on 30 June||195.9||219.7||+12.2%|
|Net debt on 30 June||326.7||244.6||-25.1%|
|Debt/net assets ratio||1.7||1.1||–|