Real Madrid report €700m profit as total wage costs hit record €707m

Real Madrid have declared a profit of €700m while recording a club-record €707m in total spending on staff, including the amortisation of new transfer fees.

The figures underline the financial strength of the Spanish club under president Florentino Perez, whose management of expenditure has set a new benchmark for the organisation.

Real Madrid’s costs have risen as a result of investment in transfers, contract renewals and the amortisation of players’ registration rights. Those commitments place the club among the most ambitious in European football.

However, the increased expenditure is supported by similarly substantial revenues and a highly resilient commercial structure, which continues to provide the club with a stable flow of income.

According to figures published by derbyderbyderby.it, citing 2Playbook.com, the combined cost of wages for all Real Madrid employees, together with amortisation charges relating to new signings, reached €707m.