Real Madrid has released its official financial report for the 2024–25 season, showcasing another remarkable year of economic strength and strategic investment. The club posted revenue of €1.185 billion—excluding player transfers—a 10% increase compared to the previous year, setting a benchmark unmatched by any football club last season. This marks the second consecutive year Madrid has surpassed the €1 billion revenue threshold.
Profitability and Financial Strength
The club closed the financial year with a post-tax profit of €24 million,
reinforcing its stable financial position. Real Madrid’s net worth currently stands at €598 million, with €166 million in cash reserves and only €12 million in net debt (excluding the stadium renovation project). The club emphasized its financial independence by noting that its debt-to-equity ratio is 0.0, which it describes as “a situation of maximum solvency and financial autonomy.”
The club also acknowledged a slight decrease in broadcasting revenue due to changes in UEFA’s revenue-sharing model and lower income received from La Liga compared to the previous year. Still, all other business areas registered growth.
€194 Million Invested in Players and Facilities
Real Madrid’s net debt figure remained stable year-over-year, with the club balancing its cash flow against its heavy investment efforts. The club spent €194 million in the 2024–25 financial year on player acquisitions and infrastructure improvements (excluding the stadium project). Notably, the timing of several player signings was advanced to June 2025 in preparation for the 2025 FIFA Club World Cup.
Santiago Bernabéu Renovation Nears Completion
The club also detailed the latest financial and structural milestones in its Santiago Bernabéu Stadium renovation, a transformative project now nearing its conclusion. As of June 30, 2025, the total investment reached €1.347 billion, approaching the final estimated cost.
The structural phase—highlighted by the completion of the retractable roof, new façade, and movable pitch—has given way to a focus on business-oriented areas. Over the past year, Real Madrid accelerated the development of premium VIP zones, the RM Experience, expanded event spaces, catering facilities, and a revamped official store. These commercial upgrades are at the heart of the renovation’s revenue-generating strategy.
Repayment of Bernabéu Loan Begins
Madrid confirmed that it had drawn the entire €1.17 billion loan needed for the renovation by November 2023. Having previously paid only interest, the club has now begun repaying the loan principal—€15 million in 2023–24 and €23 million in 2024–25—leaving an outstanding balance of €1.132 billion.
The final stages of construction will be completed in the 2025–26 season, focusing on refining hospitality areas and addressing noise-related concerns. The club is working with local authorities to ensure technical and legal compliance for resuming concerts, which are a key component of the stadium’s long-term financial strategy.
Looking Beyond Football
Real Madrid’s vision for the Bernabéu extends far beyond matchdays. The club plans to host concerts, major events, and even an official NFL game, as part of its broader goal to turn the stadium into a year-round, globally recognized multipurpose venue. These initiatives are expected to create a new revenue stream that enhances the club’s financial ecosystem independently of on-pitch performance.
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