Real Madrid have announced that their 2019-2020 season balance has closed leaving them with a surplus of €320,000
This is a result of various strategies that the club have introduced during a heavily affected season, and the leaders of Madrid are pleased with how they’ve dealt with the impact of the Covid-19 pandemic.
The most striking of the strategies enforced were the 10% wage reductions for both the football and basketball teams, during a season which ultimately meant Madrid couldn’t spend in the summer. The board have predicted a €172m loss in revenue for the 2020-21 season, and it could get worse too.
Real have already prepared for this, by earning close to €130m already from the sales, and the wages removed from the books. They will also require another season of wage-cuts from the players, which is reportedly going to be well received according to MARCA, with Sergio Ramos leading the conversations.
The total budget for the new season is €650m, and this time next year, the club will be hoping for a number of new signings, as long as the season goes ahead as expected, and Real’s position in the 2021 summer transfer window would certainly improve with the return of fans and the re-opening of official stores around the country.