The Real Madrid to approve the Sunday absorption of the Heel to create the female football team of the club. The partners will decide, in an Extraordinary Assembly. Before, in the Regular meeting, the club representatives should endorse the accounts of the season 2018-2019, with an income of $ 757 million, and the budget of course 2019-2020, which will amount to 822,1 million.
Florentino Perez will present the balance of last season in their initial discourse. Explain that in the campaign 2018-2019, the first football team Real Madrid won the title of World's Clubs for the third consecutive year. In basketball he won the titles of ACB League and Super cup. And to emphasise that in the fourth quarter of the year is awarded the contract execution and closed the financing of the project of the remodelling of the Santiago Bernabéu stadium, which will have effect from the year 2019-20.Real Madrid paid 319,1 million euros in taxes and Social Security payments in the course 2018-2019
indicates that the operating income of the financial year 2018-2019, without counting the capital gains obtained from the transfer of players, have reached the number of 757,3 million euros, 0.8 percent more than the previous year. The growth of the business compensated for the lower income obtained in the competition of Champions League, in such a way that the white house has awarded operating income before depreciation and amortization (EBITDA) of 176,3 million euros, 19.8% higher than the previous year. Achieved a profit before tax of 53.5 million euros, and after deduction of taxes had a net profit of 38.4 million euros, with a 23.1 per cent higher than the previous year, so that the net assets of the entity amounts to eur 532,8 million euros, 38.3 million euros higher than the previous year.
The cash balance stood at 155,7 million euros on 30 June. Now, paid signings, there is not that number. The cash flow generated in operations enabled the club to maintain a high balance after you make the premium payments for athletic achievements of the previous year. Real Madrid continues with no debt because the value of the net debt remains negative for the fourth consecutive year, standing at a value of -27,1 million euro to June 30, 2019, which represents the , in reality, is not a debt but a position of net liquidity position. With this, the ratios of debt over EBITDA, and net assets have remained at a value of zero, which indicates a position of maximum solvency. The contribution of Real Madrid to income Tax and Social Security amounts to eur 319,1 million euros.
Is budgeted for the season 2019-2020 revenues of 822,1 billion euros, prior to the sale of fixed assets , as well as a pre-tax profit of 41.4 million euros.Updated Date: 13 September 2019, 16:01