REAL MADRID HAVE announced income totalling €514 million in the past financial year, a 7% growth on the previous period.
This is the highest figure earned by any sporting organisation and, in doing so, Real have become the first club to surpass the €500m barrier in the sports industry.
Members’ contributions, from both annual membership and tickets, account for just 9.5% of the total income.
Madrid’s net earnings are €24.2m, which is more than 23% down on the previous period.
The decrease is put down to increased costs arising from security costs, changes in tax regulations, as well as increased expenses from from investments made by the club.
However, Real has managed to reduce its debt by 26.5%, to €124.7m.
Estimated income for the 2012-13 campaign is 516.6m euros, with net earnings of about 24.4m euros.