Real Madrid is the World’s highest earning club


Spanish giant, Real Madrid have been confirmed as the World’s highest earning football club after their latest rise in financial figures. The 11-time European champions posted record revenues over the course of 2015-16, with earnings rising 7.4 per cent to €620million.



A club statement read:
'Operating revenues for the financial year 2015-16, without taking into account capital gains obtained as a result of player transfers, have topped €600million euros for the first time. This improvement in profitability is due to an increase in revenues having subtracted operating expenses and provisions corresponding to risks and contingencies.'

Comments

Popular posts from this blog

Jude Okoye P-Square’s ex-manager remanded over suspected theft

Fasting may continue in Nigeria as moon not sighted

NNPCL Officials Are Not Thieves Says Kyari