Real Madrid’s careful economic management over the past few years is paying off.
According to Spanish media, Real Madrid are in a strong position following the publication of the team’s salary cap for this season – this means they have 739.1 million euros to spend in the sports section, a new one record for the club and all thanks to an aggressive policy of cost reduction.
The sale of players such as Cristiano Ronaldo, Achraf Hakimi, Raphaël Varane and Martin Ødegaard has made it possible for the club to no longer have to pay high salaries (Sergio Ramos, who left for free, can also be included in this category), which had a noticeable effect on the club’s coffers.
Savings have also been made by loaning players over the past few seasons. In addition, the club have been forced to cut spending to deal with the financial crisis caused by the pandemic and, like many clubs, player salaries have been cut to make up for lost income. Thanks to the support of the players, Madrid are today in an enviable position compared to other clubs in Spain and Europe.
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The 739.1million euros Madrid have to spend is 270.6million more than last season, when their budget was 468.5million. “Real Madrid’s economic management during the coronavirus pandemic has been excellent. Adding this to the 2019-20 and 2020-21 results, the overall profit stands at around one million euros. They managed to balance the expenses and income so as not to suffer losses, ”explained LaLiga general manager Juan Guerra.
Replenishing the coffers through sales has also kept Madrid within the salary cap in recent seasons which has saved them every year which other clubs have failed to do.
Last season, for example, Madrid had planned their budget based on the prediction that they would reach the knockout stages of the Champions League. In fact, they made it to the semi-finals and made more money than they expected. A big recruit would now be a reality in the near future, according to AS. We necessarily think of Kylian Mbappé …