Real Madrid over €600 million in debt

Published September 20th, 2014 - 12:22 GMT
Real Madrid squad
Real Madrid squad

Real Madrid's debt has grown to €602 million, according to figures released to club members.

The amount that the European champions owe to banks, creditors the Spanish government and others has grown 11.3 per cent, from €541m, in the past year.

The largest chunk of their gross debt is made up by payments which must be fulfilled within 12 months (€267m), but long-term debt still makes up a large chunk of the total (€241m).

In the 12 months leading up to June 30, 2014, Real Madrid's income did rise, albeit only by 5%, to €550m. This included a €60m jackpot for winning the Champions League.

Since the cut off date for the latest figures, the Blancos splashed an estimated total of €115m on Toni Kroos, James Rodriguez and Keylor Navas before selling midfield pair Xabi Alonso and Angel Di Maria for around €85m.

The president of Valores del Madridismo, which is made up of club members which aim to preserve the values of Real Madrid, fears that the Blancos' spiralling debt will eventually backfire.

"The total debt of Real Madrid on June 30, 2014 is €602m to creditors - both short and long term," Carlos Mendoza told Mundo Deportivo.

"Last year the debt was €541m, which represents a significant increase. We are concerned that the club can not do meet commitments and future payments which must be met."

Away from accounting, Real Madrid are in action on Saturday against Deportivo La Coruna as they aim to bounce back from consecutive La Liga defeats.

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