MARCA: Real Madrid has closed the 2019-20 financial year with a €320M surplus, thus showing their ability to adapt to a global pandemic thanks to €100m in sales (could reach €150m) and wage cuts by the ⚽🏀 players without sacking any lower staff or using government aid.
MARCA: Real Madrid has calculated a drop in revenue of €172m, which could increase in the event that the public isn't still allowed back to the stadiums. The budget will be around €650m. Real Madrid are financially stable but this won't change their current transfer strategy.
AS: The drop in income was so strong (especially operating income of the stadium) there is no other recipe than containment in spending. The swift action of Florentino & his board of directors has been decisive in reducing operating expenses (transfers) & wages that saved €50m.
MARCA: Real Madrid's wage cuts consisted of all the high-earners, from the directors to the players. In addition there were no bonuses paid for winning the league. The club was prepared to increase the cuts from 10 to 20% even if the season was voided.
AS: Real Madrid also has the highest score in the Football Club Transparency Index (INFUT), which measures the transparency in the accounts of First and Second division clubs.
AS: Real Madrid pays €456m in salaries to its more than 800 workers (between sports and non-sports personnel). This meant an Efficiency Ratio (total wage bill to operating income) is 55%. The ECA recommends it not exceed 70%.
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