Real Madrid has recorded its biggest 12-month increase in revenue in 18 years, according to financial figures released by the club.
The European champions announced an income of €750.9million (approx. $870 million) for 2017-18, not including fees recouped from player sales.
This marks an 11.3 percent jump from the year before, which is the largest increase since 2000, when Florentino Perez first became president.
The club was No. 3 on Forbes’ annual list of most valuable sports franchises, valued at $4.09 billion, behind only the NFL’s Cowboys ($4.8B) and EPL’s Manchester United ($4.12B).
Madrid’s net profits stand at €31.2m (approx. $36 million), a 45.9 percent increase from the previous financial year. The club’s net worth has therefore risen to €494.5m (approx. $573 million).
The club finished in the black for the third year in a row, with net debt now at about $124 million.
Forecasts suggest a revenue of €752m (approx. $871 million) for the 2018-19 season excluding player sales, with pre-tax profits in the area of $50 million.
The club’s general assembly will meet on Sept. 23 to submit the financial results for approval and discuss the prospect of outside financing to help the redevelopment of the Santiago Bernabeu.