Real Madrid First Club To Generate 1bn Euros Revenue In A Season, Deloitte Reveals

By Bukola Kayode

Real Madrid has become the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24.

Reuters reports the Spanish football giants as topping the Deloitte Football Money League as the world’s highest revenue-generating club once more.

Real Madrid’s latest feat adds to its illustrious history.

It was under Florentino Pérez’s first presidency (2000–2006) that Real Madrid started its ambition of becoming the world’s richest professional football club.^[301] The club ceded part of its training grounds to the city of Madrid in 2001, and sold the rest to four corporations: Repsol YPF, Mutua Automovilística de Madrid, Sacyr Vallehermoso and OHL. The sale eradicated the club’s debts, paving the way for it to buy the world’s most expensive players, such as Zinedine Zidane, Luís Figo, Ronaldo and David Beckham. The city had previously rezoned the training grounds for development, a move which in turn increased their value, and then bought the site.^] The European Commission started an investigation into whether the city overpaid for the property, to be considered a form of state subsidy.

On the footballing level, Real Madrid has won many trophies, including the UEFA Champions League, the UEFA Super Cup, and the FIFA Club World Cup.

UEFA Champions League