MADRID, July 29 — Real Madrid generated a record 1.221 billion euros (1.4 billion U.S. dollars) in revenue during the last financial year, according to figures approved by the club’s board of directors on Tuesday.
The Spanish club said revenue rose 3.1 percent from the previous season, adding that no other sports organization has surpassed that level of annual income. The increase was driven primarily by an 11 percent rise in revenue from the Santiago Bernabeu Stadium and a 6 percent increase in marketing income, boosted by sponsorship and commercial partnerships. The club posted a pre-tax profit of 26.3 million euros, extending its run of annual profits to 26 consecutive years. Real Madrid also reported net assets of 624 million euros, cash reserves of 83 million euros and net debt of 9 million euros.
The debt figure does not include financing related to the redevelopment of the Santiago Bernabeu Stadium, where total investment has reached 1.407 billion euros.
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