Real Madrid have announced a slight increase in turnover for the 2012-13 fiscal year compared to the previous 12 month period.
In the latest financial figures published by the club, Los Blancos had a turnover of 520.9 million euros – an increase of 1.3% from the previous year.
The increase in turnover means the Santiago Bernabeu side has become the first sports club in the world to surpass the 500 million euro mark for two consecutive years.
The club said it had recorded a net profit of 39.9 million euros, up 52.4% from the previous season. The jump in profit meant the club’s net debt fell by more than a quarter (27.4%) to 90.6 million euros. In total, the debt decreased by 34 million euros.
The financial results will be subject to approval at a general meeting held on September 22. The figures do not include the 91 million euros paid out to Tottenham Hotspur for recent signing Gareth Bale.
