Real Madrid's five-season losses reportedly soar to over €130 million / News - Basketnews.com

Real Madrid, despite winning the EuroLeague, faced a €27.8 million financial loss in the 2022-23 season, attributed to escalating expenses related to personnel contract bonuses.

Credit: Erikas Ovčarenko/BNS Credit Erikas Ovčarenko/BNS

Despite clinching the EuroLeague championship, Real Madrid faced a financial setback, reporting a loss of €27.8 million in the 2022-23 season, according to 2PlayBook.

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In comparison, archrivals FC Barcelona recorded a record-breaking loss of €56.6 million, as reported by the same media outlet.

Real Madrid's expenses escalated due to bonuses tied to personnel contracts associated with their EuroLeague victory.

Although they achieved a historic high income of €22.0 million, it fell significantly short of covering the overall costs of the team.

Unlike Barcelona, Los Blancos did not opt for budget cuts as they entered the 2023-24 campaign.

Previously, Real closed the 2021-22 season with €31.1 million in losses, the largest amount in the team's history.

The cumulative losses for the seasons 2018-19 (€26.47M), 2019-20 (€26.36M), 2020-21 (€18.9M), 2021-22 (€31.11M), and 2022-23 (€27.8M) amounts to €130.64 million.

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