The Real Madrid board of directors, meeting this Wednesday in Madrid, has closed the 2020-21 financial year with a positive result of 874,000 euros, as reported by the merengue entity in an extensive statement where it offers details of all the figures for the last financial year.
The white club explains that the effects of the crisis caused by COVID-19 and the holding of matches behind closed doors have caused a “loss of income in all lines of business, mainly in the stadium, as there is no income from attendance to matches, but also to television rights, both in the League and UEFA, and in commercial activities, both in the operation of facilities and in store sales and sponsorship ”.
Madrid has been able to obtain an EBITDA higher than that achieved in the two previous seasons thanks to the current 180 million euros. “After the savings measures adopted to compensate for the loss of income (...), the club closes the financial year 2020-21 with a profit of 874,000 euros after taxes, just as it already closed with a profit of 313,000 euros on exercise 2019-20 ".
“In this way, the club is going to be one of the few big clubs in Europe that does not incur losses in these two years, given that, according to a study by UEFA, the operational losses accumulated by European clubs between 2019-20 and 2020-21 will approach 6,000 million euros ", Real Madrid recalls in its statement, thanking its players and workers for the" contribution made "in this regard.