{"id":202824,"date":"2024-07-24T16:53:47","date_gmt":"2024-07-24T16:53:47","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/24\/real-madrid-set-historic-revenue-record-with-astonishing-2023-24-financial-year\/"},"modified":"2024-07-24T16:53:47","modified_gmt":"2024-07-24T16:53:47","slug":"real-madrid-set-historic-revenue-record-with-astonishing-2023-24-financial-year","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/24\/real-madrid-set-historic-revenue-record-with-astonishing-2023-24-financial-year\/","title":{"rendered":"Real Madrid set historic revenue record with astonishing 2023\/24 financial year \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Real Madrid have become the first club in football history to pass the \u20ac1bn mark in revenue, their official reports have confirmed.<\/strong><\/p>\n<p>Los Blancos are arguably in the strongest playing condition of any squad in Europe having added Kylian Mbappe to a star-studded squad this summer that already includes Vinicius Junior and Jude Bellingham among many others.<\/p>\n<p>The Spanish giants\u2019 on-field successes, which included a La Liga and Champions League double last season, have been complemented by their off-field savvy, making them renowned as one of the best-run clubs in the world.<\/p>\n<p>Releasing their annual accounts for the 2023\/24 financial year,\u00a0a statement from Madrid\u00a0reads: \u201cOperating income (before disposal of fixed assets) for the 2023\/24 financial has totalled \u20ac1.073bn, an increase of \u20ac230m (27%) compared to the 2022\/23 financial year. In this period, despite the stadium not being fully operational, the club has succeeded in eclipsing the \u20ac1bn mark in operating income before disposal of fixed assets. This is an unprecedented figure for any football club.\u00a0<\/p>\n<p>\u201cEvery line of business has seen growth, with the exception of broadcasting rights, where revenues received from\u00a0La Liga\u00a0in 2023\/24 were lower than in the 2022\/23 season. The gains in marketing and the stadium are particularly notable.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/07\/01j3j4yn2rzrr2cay3xh.jpg\" alt=\"Kylian Mbappe, Florentino Perez Rodriguez\" title=\"Kylian Mbappe, Florentino Perez Rodriguez\"\/><\/figure>\n<p>Mbappe arrived on a free transfer from PSG \/ David Ramos\/GettyImages<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p>\u201cFrom a commercial perspective, the club has significantly boosted its merchandising and sponsorship activities during the 2023\/24 financial year.\u00a0A substantial element in relation to the latter is the new deal with HP to be the team\u2019s sleeve sponsor.<\/p>\n<p>\u201cAs for the stadium, despite the business elements related to the remodel not being fully complete, there has been a progressive increase in terms of capacity and commercial operations over the course of the year. This saw the initiation of new business areas in the latter part of the financial cycle, in particular hosting major events and a new premium offering with new VIP experiences.\u00a0<\/p>\n<p>\u201cThis has all resulted in a significant increase in stadium-related revenues, although it won\u2019t be until the 2024\/25 year that the stadium becomes fully operational in every area of business. Lastly, revenues from international competitions has seen a boost following victory in the\u00a0Champions League\u00a0(semi-finalists last year).\u201d<\/p>\n<p>As well as Mbappe, Brazilian prodigy Endrick has also joined the\u00a0Madrid\u00a0squad as they look to defend the domestic and European titles they won last season.<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real Madrid have become the first club in football history to pass the \u20ac1bn mark in revenue, their official reports have confirmed. Los Blancos are arguably in the strongest playing condition of any squad in Europe having added Kylian Mbappe to a star-studded squad this summer that already includes Vinicius Junior and Jude Bellingham among [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":202825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-202824","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Madrid set historic revenue record with astonishing 2023\/24 financial year \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/24\/real-madrid-set-historic-revenue-record-with-astonishing-2023-24-financial-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Madrid set historic revenue record with astonishing 2023\/24 financial year \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Real Madrid have become the first club in football history to pass the \u20ac1bn mark in revenue, their official reports have confirmed. 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