Real Madrid has announced it is the world's top-earning football club after surpassing €1 billion ($1.08 billion) in revenue in its 2023-24 financial report.
Revenue for the 2023-24 campaign, excluding player transfers, reached €1.073 billion, €230 million more than the previous year, or 27% more.
The La Liga, UEFA Champions League and Spanish Super Cup champions closed the 2023-24 financial year with a profit after taxes of 16 million euros, 32% more than last season.
Forbes valued Real Madrid at $6.07 billion last season, making it the 11th most valuable sports team in the world overall and the most valuable football club. Forbes ranked Manchester United 13th, with a slightly lower valuation of $3 billion.
The Dallas Cowboys and New York Yankees topped Forbes' latest list with respective valuations of $9 billion and $7.1 billion.
“This is an unprecedented figure for any football club,” Real Madrid said in a statement. “The club remains financially solid with a net worth of 574 million euros.”
“The club has continued its profitable trajectory year after year since the beginning of the century.
“All business lines have experienced growth, with the exception of broadcasting rights, where the income received by LaLiga in the 2023-24 season was lower than that of the 2022-23 season.”
Madrid, who signed French star Kylian Mbappe on a free transfer earlier this month after his contract with Paris Saint-Germain expired, are also forecasting record numbers for the 2024-25 financial year.
The statement added: “The club expects this commercial momentum to continue and grow further in the 2024-25 financial year, supported by image-related benefits arising from both the composition of the squad and sporting successes, as well as the renovated stadium.”
