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Real Madrid boast €178m transfer budget

The financial outlook for Real Madrid following the double winning 2016/17 campaign has been revealed ahead of the club’s Annual Assembly on October 1.

Real president Florentino Perez and his board of directors must gain official approval from the members to pass the budget, as well as its forecasts for the 2017/18 season.

Coming out of the previous campaign with a whole host of silverware, Los Blancos earned 674.6 million euros in operating income with operating profit amounting to 137.8m euros.

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Furthermore, the treasury balance of Real Madrid is due to be settled at 178m euros, the second highest in club history as Zinedine Zidane holds vast swathes of transfer funds at his disposal.

While there was great success on the pitch, in reality this meant higher outlays in terms of expenses and bonuses, totalling 70m euros.

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Operating income increased 8.8 percent year on year, excluding the capital gains of player sales, while club equity reached 463.5m euros, up 21.2m euros.

Profit after tax and securities was named as 21.4m euros for 2016/17.

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Looking ahead to the end of the 2017/18 season, Madrid chiefs forecast earnings to expand to 690.3m euros with a pre-tax profit of 48.6m euros.

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vibehubs.com | credit:marca.com | Real Madrid boast €178m transfer budget