“Real” ended the 2022-23 fiscal year with a profit of 11.8 million euros ($13.25 million), the Madrid club said in a statement quoted by ESPN.
This year’s profit after tax decreased by EUR 1 million compared to the prior period due to increased costs.
Operating profit for the 2022-23 financial year reached €843 million, up €121 million (+17%) compared to the 2021-22 financial year, the club said in a press release.
Real Madrid’s net worth is €558 million as of June 30, 2023, while their net debt is €46.7 million. This figure does not include the cost of renovating the home stadium.
Source : MatchTV
I am Ben Stock and I work in Athletistic as an author. My specialty is covering football news and other related topics. I have been writing for this website since the past 2 years, crafting compelling stories with the latest updates in the sports world. My articles have gained widespread appreciation amongst readers due to their accuracy and depth of research.
