Real Madrid have become the first football club to surpass €1 billion in revenue.
This historic financial achievement was announced by the Real Madrid Board of Directors following their meeting on July 23, where they reviewed the annual accounts for the 2023-2024 financial year.
A Tuesday statement obtained from the club’s website by PUNCH Online revealed this.
The statement was titled, “Real Madrid Becomes The First Football Club To Exceed One Billion Euros in Revenue.”
On the pitch, Real Madrid’s football first team enjoyed a stellar season, securing the Champions League for the sixth time in the last decade, along with winning LaLiga and the Spanish Super Cup.
The basketball team also shone, clinching the League, Copa del Rey, and Spanish Super Cup, while making it to the EuroLeague final.
According to the statement, these triumphs significantly boosted the club’s revenue, despite the associated higher costs from squad…