Real Madrid announced they are the highest-revenue-generating football club in the world after exceeding €1 billion ($1.08bn) in takings in the 2023-24 financial report.
Revenues for the 2023-24 campaign, not including player transfers, reached €1.073bn , €230 million more than on the previous year, a 27% increase.
The LaLiga, UEFA Champions League and Spanish Super Cup winners closed out the 2023-24 financial year with after-tax profits of €16m, 32% higher than last season.
Forbes valued Real Madrid at $6.07bn last season, the 11th most valuable sports team in the world overall and the most valuable football club. Manchester United was ranked by Forbes at 13th with a slightly lower $3bn valuation.
The Dallas Cowboys and the New York Yankees topped Forbes’ most recent list with respective valuations of $9bn and $7.1bn.
“This is an…
