Real Madrid Announces Record Income Numbers For The '11-12 Season
Real Madrid closed the '11-12 fiscal year with income totaling €514M ($674.3M), 7% more than in the previous period. The number represents the highest figure earned by an int'l sports institution and makes Real Madrid the first club to surpass the €500M ($655.9) barrier in the sports industry. Members' contribution from both annual membership and tickets accounts for 9.5% of the total income. Net earnings totaled €24.2M ($31.7M), 23.3% less than in the previous period. This variation is due to increased costs arising from securities premiums, changes in tax regulations, hedging of contingencies and risks derived from the evolution of the economic context, and increased amortization expenses from investments made. Equity rose by 9.6% reaching €275.2M ($361M). Net debt fell by 26,5% totaling €124.7M ($163.6M), €45M ($59M) less than in the previous period. The estimated income for the '12-13 season is €516.6M with net earnings of €24.4M (Real Madrid).