Real Madrid have earned their biggest 12-month increase in revenue for 18 years, according to financial figures released by the club.
In a very successful year that saw the Spanish club win a third consecutive Champions League crown as well as the Club World Cup, UEFA Super Cup and Supercopa de Espana, they announced an income of €750.9 million (£674m/$874m) for 2017-18, not including fees recouped from player sales.
This marks an 11.3 per cent increase from their figures the year before, which is the largest increase since 2000, when Florentino Perez first became president.
Madrid’s net profits stand at €31.2m (£28m/$36m), a 45.9 per cent increase on the previous financial year. The club’s net worth has therefore risen to €494.5m (£443m/$575m).
They are in profit for the third year in a row, with net debt now at -€107m (£96m/$125m). That net liquidity increase is €96.7m (£87m/$112m) up from last year, which they report as “the greatest reduction to debt achieved by the club in the last 15 years”.
Forecasts suggest a revenue of €752m (£675m/$875m) for the 2018-19 season excluding player sales, with pre-tax profits in the region of €43.2m (£39m/$50m).