Football

Real Madrid announce record income for 2013-14 season

Spanish giants Real Madrid’s have announced a record 603.9 million-euro income (S$980 million) for the 2013-14 season.

It was largely due to them winning the Champions League for a 10th time in May.

Madrid’s total revenue was up 10.9 per cent on last season, with the net profit slightly up from 36.9 million euros last year to 38.5 million euros.

Real also slashed their net debt by 21 per cent to 71.5 million euros.

Real Madrid captain Iker Casillas arrives on stage with the Champions League trophy during the draw for the 2014/2015  Champions League group stage last month in Monaco

Real Madrid captain Iker Casillas arrives on stage with the Champions League trophy during the draw for the 2014/2015  Champions League group stage last month in Monaco.

Despite strengthening their position as the richest club in world football, Real’s board has come under fire for allowing key midfielders Angel di Maria and Xabi Alonso to leave for a combined fee of 85 million euros.

Those departures came after the club made a combined 100 million euro splurge on World Cup stars James Rodriguez, Toni Kroos and Keylor Navas.

Madrid president Florentino Perez, though, defended his decision to allow Di Maria to leave.

He claimed the Argentine wanted a wage rise that would have seen him become the second highest-paid player at the club behind World Player of the Year Cristiano Ronaldo.

Said Perez: “He had economic demands that we could not satisfy.

"We made our best offer at the highest level we could and he did not accept it."

Source: AFP

 

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