POSITIVE BALANCE DESPITE LOSSES
The accounts of Madrid 20/21: 300 million less income due to COVID
Published:15/07/2021 - 09:43h
Updated:15/07/2021 - 09:43h
Real Madrid has published its accounts for the 2020/2021 season and has assured that it has stopped entering 300 million due to COVID. However, whites continue to have a positive balance due to their savings policy from last season
The Real Madrid published this past Wednesday his annual accounts of the exercise 2020/2021. The whites ensured that they have left of ingresar 300 million euros by fault of the COVID-19. However, in spite of these losses, the merengues stood out that the club follows having money in box and that the economic balance of the past season has resulted positive, with a profit of 874.000 euros.
In the course 19/20, the madridistas had in spite of the losses by the pandemia a profit of 313.000 euros, by what has improved his data. This is something that enorgullece to the merengues, as they show in his communiqué. "The Club goes to be one of the few big clubs of Europe that do not incur in losses in these two exercises, since, according to a study of UEFA, the operative losses accumulated by the European clubs between 2019/20 and 2020/21 will approach to the 6.000 million euros", aimed.
"The effects of the sanitary crisis caused by the Covid-19, that began in March of the past exercise, have extended during all the exercise 2020/21, in which all the parties have had to celebrate to enclosed door. This has caused a loss of income in all the lines of business, fundamentally in the stadium, to the not having income by assistance to parties, but also in the rights of television, so much of the League as of the UEFA, and in the commercial activities, so much in the exploitation of installations as in the sales in shops and the sponsorship", continued the Madrid in his writing.
"This loss of alone income has been able to be compensated by the Club through the execution of intense measures of saving of cost in all the areas", remembered the merengues. These measures have been to reduce the mass salarial of all the staff with cuts of 10%, not doing any signing the summer happened not to have more losses and a saves in "operative costs" that have done to save 25% regarding the campaign 19/20.
Leaving was the construction of the new Santiago Bernabéu, since the credit still has not begun to pay, the madridistas took out breast by the money that have now in box. "The Club closes the exercise 2020/21 with a balance of tesorería to 30 June 2021 of 122 million euros, excluded the project of remodeling of the stadium. It has reached this balance after amortising during the exercise 2020/21 a banking loan of 50 millions and without need to have any balance of policy of credit", signalled.
The Madrid will follow saving this season
Finally, the Madrid threw of a moderate optimism of face to the course that comes with the turn of the public to the stadiums, and left clear that will follow his politics of saving. "Regarding the next exercise, the forecast is that it go back the assistance of public to the stadiums, although it still does not know which percentage of the capacity will be able to use . Regarding the economic situation, the current forecasts indicate that the recovery of the previous situation to the pandemia will not be immediate. In this context, the Club will continue in the effort of containment of cost made until the moment", concluded.