Sep 13 (Archyde.com) – Real Madrid closed the 2021-22 financial year with a profit of 13 million euros ($13.19 million), according to the Spanish club, whose income is still being affected by the COVID pandemic. -19.
The club has managed to maintain profits during the three years affected by the COVID-19 pandemic, he added.
In the 2021-22 season, Real won their fourteenth European Cup, a record, by defeating Liverpool 1-0 in the Champions League final, and also won LaLiga and the Spanish Super Cup,
The club said the cash balance as of June 30, 2022, excluding the stadium refurbishment project, was €425m, while the loss of revenue from the pandemic since March 2020 had been close to €400m. .
“Operating income for the 2021/22 financial year reached the figure of 722 million euros, which represents an increase of 69 million euros (10%) compared to the previous year, as the economic effects derived from the pandemic gradually subsided. “said the club’s statement.
He added, however, that revenue was still affected by the pandemic.
The club’s net debt, excluding the stadium refurbishment project, reached a value of 263 million euros as of June 30, 2022, the statement added.
(1 dollar = 0.9855 euros)
(Reporting by Manasi Pathak in Bengaluru; Editing by Peter Rutherford, translated by José Munoz at the Gdańsk newsroom)
