‘Real Madrid is a debt-ridden club that can’t afford superstars.’ The myth has been busted.
First and foremost, Real Madrid has only paid a fee for Camavinga since the start of the 2020 season, while selling Odegaard, Varane, Hakimi, Reguilon, Oscar Rodriguez, and others. In that time, the club has spent a total of £128.4 million.
Real Madrid has officially confirmed that the club’s net debt has decreased from €240 million at the end of the 2019/2020 season to €46 million at the end of the 2020/2021 campaign.
Real Madrid has reportedly secured a 25-year deal with the American corporation ‘LEGENDS’ that will see the new stadium generate in between €400 and 450 million per year in revenue from various events.
Florentino Perez hopes to enhance Real Madrid’s valuation from €4.4 billion to €6-8 billion by 2025, thanks to the deal.
Real Madrid have been able to conserve money by keeping players like Modric, Kroos, and Benzema for longer periods of time, allowing them to invest in the next generation of superstars. In addition, the squad took a 10% wage cut during the epidemic, which helped the team’s long-term financial status.
Real Madrid’s ‘debt’ is long-term, as a result of the board voting to renovate the Santiago Bernabeu and demanding a €575 million loan, with Real Madrid required to pay €29.5 million every year until 2023.
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