Real Madrid Reports Record Revenue in 2023-24 Financial Year
- Real Madrid has reported revenues exceeding €1 billion for the 2023-24 financial year, marking a 27% increase from the previous year.
- The club's financial success reinforces its position as the highest revenue-generating football club worldwide.
- With a valuation of $6.07 billion, Real Madrid continues to demonstrate significant financial growth over the years.
Real Madrid has declared itself the highest revenue-generating football club globally, surpassing €1 billion ($1.08 billion) in its 2023-24 financial report. The club's revenues for the season, excluding player transfers, reached €1.073 billion, marking a €230 million increase from the previous year and a significant 27% growth. The LaLiga, UEFA Champions League, and Spanish Super Cup champions concluded the financial year with after-tax profits of €16 million, a 32% rise compared to last season. According to Forbes, Real Madrid was valued at $6.07 billion last season, making it the most valuable football club and the 11th most valuable sports team overall. In contrast, Manchester United ranked 13th with a valuation of $3 billion. The Dallas Cowboys and New York Yankees led the list with valuations of $9 billion and $7.1 billion, respectively. A statement from Real Madrid emphasized the unprecedented nature of their financial achievements, highlighting a net equity of €574 million. The club has maintained a profitable trajectory since the early 2000s, with growth across all business lines except for broadcasting rights, which saw a decline in revenues from LaLiga compared to the previous season. Recently, Real Madrid signed French star Kylian Mbappé on a free transfer, further bolstering their financial outlook. Looking ahead, Real Madrid anticipates record figures for the 2024-25 financial year, driven by commercial growth and the benefits of a strong playing squad and renovated stadium. The club remains optimistic about its financial future, supported by ongoing sporting success.