Real Madrid has declared itself the top revenue-generating football club globally after surpassing €1 billion ($1.08 billion) in revenue for the 2023-24 financial year.

The club’s revenue for the 2023-24 season, excluding player transfers, reached €1.073 billion, marking a €230 million increase from the previous year, representing a 27% rise.

As the champions of LaLiga, the UEFA Champions League, and the Spanish Super Cup, Real Madrid finished the financial year with after-tax profits of €16 million, up 32% from the previous season.

Forbes had valued Real Madrid at $6.07 billion last season, making it the most valuable football club and the 11th most valuable sports team worldwide. In comparison, Manchester United was ranked 13th with a valuation of $3 billion.

According to Forbes’ latest list, the Dallas Cowboys and the New York Yankees were the highest valued sports teams, at $9 billion and $7.1 billion respectively.

Real Madrid’s statement highlighted that this revenue figure is unprecedented for any football club. The club also noted its strong financial health with net equity of €574 million.

The club has maintained a profitable trend year after year since the early 2000s.

 However, there was a decline in revenue from broadcasting rights, with LaLiga payments for 2023-24 falling short of those in 2022-23.

Recently, Real Madrid signed French star Kylian Mbappé on a free transfer from Paris Saint-Germain, and they are anticipating record-breaking figures for the 2024-25 financial year.

The club’s statement also mentioned expectations for continued and enhanced commercial growth in the 2024-25 season, driven by both the squad’s performance and the renovated stadium.

ESPN

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