Real Madrid have filed their financial report for the 20/21 season, and have reported losses worth €300 million due to the pandemic. Despite that, they have gained a profit worth €874,000 which is up from the margin of the previous year, €313,000.
“In this way, the club will be one of the few big clubs in Europe that does not incur losses in these two years, given that – according to a UEFA study – the operating losses accumulated by European clubs between 2019-20 and 2020-21 will approach €6billion,” Madrid said.
A statement attributed the club’s financial performance to “intense spending saving measures in all areas”.
“With regard to the economic situation, current forecasts indicate that the recovery from the pre-pandemic situation will not be immediate,” the club said.
“In this context, the club will continue in the effort so far to contain spending.”
Real Madrid have not made a single signing for the first team in the last year. They have instead let Achraf Hakimi, Sergio Reguilon and James Rodriguez leave the club. This summer, they have also lost Sergio Ramos and look set to sell Raphael Varane to Manchester United.
The Santiago Bernabeu is currently undergoing renovation, and Real Madrid are playing their games at their training ground due to the added absence of fans. They have strongly been linked with Kylian Mbappe over the last few years, but the situation surrounding his club future is silent as of this moment.
The club’s statement saying that they will try to contain investments does not bode well for fans hoping to see the World Cup winner become a Madrid player soon.
