Real Madrid has announced record revenues of €407m for the 2008-2009 financial year compared to €366m revenues for the previous season. This amount is higher than the budget projections (€400m) and the pre-tax profit will raise to €58m (exercise closing on June 30).
Results have been announced today, before the Extraordinary General Assembly to be held on March 29, which could fix the date of the future club’s presidential elections.
Real Madrid reported its debts would be reduced to €125m as againts €200m last year.