Monday, 10 October 2016

Real Madrid, World’s Highest Earning Club

It has been confirmed that Spanish giant, Real Madrid is the World’s highest earning football club after their latest rise in financial figures. The 11-time European champions posted record revenues over the course of 2015-16, with earnings rising 7.4 per cent to €620 million.

A statement credited to the club read:

'Operating revenues for the financial year 2015-16, without taking into account capital gains obtained as a result of player transfers, have topped €600million euros for the first time. This improvement in profitability is due to an increase in revenues having subtracted operating expenses and provisions corresponding to risks and contingencies.'

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