While Manchester United might have outspent everyone in Europe this past summer, there is no doubt what club who is the biggest club in the world in terms of revenue.
European champions Real Madrid have announced their financial results for the 2013/14 financial year and they show record revenues of £480 million (€603.9 million). Real are the first club to ever break the €600 million revenue barrier, and they have been the highest revenue producing club in the world for the last ten years.
Success on the pitch transferred to the bottom line as Real saw revenues increase by 10.9% over the previous year as the club’s net profit increased by 4.4% to £30.5 million (€38.5 million) while their debt shrunk by 21% to £56.8 million (€71.5 million).
“For the tenth consecutive year, it will be the highest earning sports institution in the world, and for the third consecutive year, Forbes considers us the most valuable club in the world. For me, being chairman of Real Madrid is an honour, but running this wonderful club is a responsibility and we should never forget that, after 112 years of history, Real Madrid still belongs to its members” said club president Florentino Pérez.
But even with those mouth watering revenues Real were conscious of Financial Fair Play this summer where they spent €122.5million euros in the transfer market on James Rodriguez, Toni Kroos and Keylor Navas on permanent deals while Javier Hernandez joined the Spanish outfit on a season-long loan from Manchester United.
However, that figure is almost balanced out by the €114 million received from the sales of Angel di Maria, Xabi Alonso, Alvaro Morata, Casemiro and Diego Lopez.