Real Madrid has reportedly set a record as the highest revenue-generating football club in the world, surpassing €1 billion ($1.08bn) in revenue for the 2023-24 financial year.
The club’s revenue for the 2023-24 season, excluding player transfers, reached €1.073 billion. This marks a €230 million increase from the previous year, representing a 27% growth.
The LaLiga giants closed the financial year with after-tax profits of €16 million, a 32% increase from last season and the club’s net equity stands at €574 million.
“Forbes” recently valued Real Madrid at $6.07 billion, making it the most valuable football club and the 11th most valuable sports team in the world. Manchester United followed at 13th with a $3 billion valuation. The Dallas Cowboys and New York Yankees topped the Forbes list with valuations of $9 billion and $7.1 billion, respectively.
Real Madrid’s statement reveals, “This is an unprecedented figure for any football club. The club maintains its sound financial status with a net equity of €574m. The club has continued its profitable trajectory year after year since the turn of the century.”
The club also noted that all business lines saw growth, except for broadcasting rights, where revenues from LaLiga in 2023-24 were lower than the previous season.
“The club expects this commercial boost to continue and grow even stronger in the 2024-25 financial year, supported by the image-related benefits derived from both the composition of the playing squad and sporting success, as well as the renovated stadium,” the statement added.
