Real Madrid first club to surpass 500 million euro income barrier

The Primera Division side has announced a record income over last term, as its net debt has fallen to 124.7 million euros
Real Madrid has closed the 2011-12 fiscal year with income totalling 514 million euros, a seven percent growth compared to the previous period.

This is the highest figure earned by an international sports institution, and los Blancos have become the first club to surpass the 500 million euro barrier in the sports industry.

Members’ contributions, from both annual membership and tickets, account for 9.5% of the total income.

Madrid's net earnings are 24.2 million euros, which is 23.3% less than in the previous period.

This decrease is put down to increased costs arising on the security front, changes in tax regulations, hedging of contingencies and risks derived from the evolution of the economic context, as well as increased amortization expenses from investments made.

However, the club's net debt has still dropped by 26.5%, to 124.7 million euros.

Estimated income for the 2012-13 campaign is 516.6 million euros, with net earnings of about 24.4 million.

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