• Tuesday, Mar 09, 2021
  • Last Update : 03:44 pm

Real Madrid generate biggest income in Covid-hit season

  • Published at 04:37 pm January 11th, 2021
Real Madrid
Sergio Ramos lifts the trophy as Real Madrid players celebrate winning the Super Cup against Atletico Madrid in Saudi Arabia in January last year Reuters

Real's revenue was the highest among the teams who won domestic titles in Europe's six major leagues

La Liga champions Real Madrid recorded overall income of 681.2m euros ($832m) in the 2019-20 season despite an 8% drop in revenue, a study from auditing firm KPMG revealed Sunday.

The Spanish champions' revenues was the highest among the teams that won domestic titles in Europe's six major leagues. 

Bundesliga champions Bayern Munich recorded 607.2m euros, followed by Premier League winners Liverpool (557m euros) and Ligue 1's Paris Saint Germain (540.6m euros).

KPMG's study also included Serie A's Juventus, whose revenue totalled 401.4m euros and Portuguese Primeira Liga victors Porto who had the lowest revenue of the six champions at 87.3m euros.

The study said all six European domestic champions suffered a decrease in operating revenues due to the economic impact of the Covid-19 pandemic.

KPMG's global head of sports and the study's author Andrea Sartori presented the findings.

Zinedine Zidane said Real Madrid's goalless draw with Osasuna Saturday was "not a football match" and should have been called off after Spain was hit by a snowstorm.

Posted by Sports Tribune on Sunday, 10 January 2021

With matches cancelled or played behind closed doors from March 2020 onwards, all European champions barring Porto suffered the biggest blow through loss of matchday income, with Real being the hardest hit with 34.9m euros of losses.

Broadcasting income also reduced for all six champions, with Champions League performances playing a role.

Last season's finalists Bayern and PSG both registered a 4% decrease in their TV income, while Porto suffered a 63% drop, mainly due to their failure to qualify for the competition.

However, Liverpool (14%), Bayern (4%) and Real (2%) increased their commercial income - the only examples of revenue growth found in the study.

Only German champions Bayern (5.9m euros) and La Liga's Real (300,000 euros) registered net profits in the 2019-20 season, unlike the 2018-19 campaign when all champions recorded profits.

PSG suffered the highest net loss at 125.8m euros after Ligue 1 was the only top domestic European league that ended its season in April amid the Covid-19 crisis.

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