Real Madrid announce £438.4m revenue

The Santiago Bernabeu side recorded a £31.05m profit for 2012-13 after breaking the half-billion euro turnover barrier for the second consecutive season
Real Madrid have announced a turnover of €520.9 million (£438.4m) over the 2012-13 fiscal year, a 1.3 per cent increase on the previous season.

The Santiago Bernabeu side thus become the only sports entity in the world to surpass the €500m revenue barrier for the second consecutive year.

Madrid recorded a net profit of €36.9m (£31.05m), which represents a 52.4 per cent increase compared to the previous financial year.

Consequently, the Liga giants' net debt dropped by 27.4 per cent to €90.6m (£76.2m) in total - a decrease of more than €34m (£28.6m).

The results from the 2012-2013 season will be subject to approval at a club general meeting on September 22.