It may have been a trophyless campaign and a turbulent year behind the scenes, but Real Madrid has one big reason to smile: €1.185 billion in revenue for the 2024–25 season.
Despite being knocked out by PSG (4–0) in the Club World Cup semi-finals and finishing without silverware in La Liga, the Copa del Rey, or the Champions League, Los Blancos have set a new financial record. That’s a 10% increase from last season, which had already broken the €1 billion barrier.
Key Financial Highlights:
- Net profit: €24 million
- EBITDA: €243 million
- Cash reserves: €166 million
- Net debt: €12 million
- Equity: €598 million
The arrival of Kylian Mbappé, booming shirt sales, major new sponsorship deals, and full commercial use of the new Santiago Bernabéu helped fuel this financial surge.
The Bernabéu renovation now costs €1.347 billion
On the spending side, the Bernabéu project is breaking records too. Initially projected at €575 million in 2018, the total cost has ballooned to €1.347 billion.
To cover the extra costs, the club took out two loans:
- €225 million in 2021 for the retractable pitch system
- €370 million in 2023 for additional upgrades
Real Madrid has repaid €38 million so far, leaving €1.132 billion outstanding. Full completion of the stadium is expected during the 2025–26 season.
Trophyless or not, Real Madrid is proving it’s a financial powerhouse, raking in over a billion euros while turning the Bernabéu into a stadium of the future.
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