Today, Real Madrid maintain their Ordinary General Assembly to be able to be accompanied by means of an Extraordinary Assembly for the duration of which the board will request club participants to authorise increasing credit score for the remodelling of the Santiago Bernabéu stadium. The 1,955 participants who're eligible to vote can achieve this both on line or in person at the basketball arena within the club's training complicated in Valdebebas.
President Florentino Pérez will provide a record detailing the membership's budget as the first order of the day. It can be the primary time that the president has informed contributors about the club's accounts considering the fact that his reelection (to 2025) in April.
The monetary problems to be treated on the Assembly will recognition on factors 2 and three. Members will vote to "study and approval, wherein appropriate, the budget settlement, the yearly file, the balance sheet and the earnings and loss account referring to the 2020/2021 financial yr which become drafted by using the board on 14 july. For the second one yr strolling, Madrid managed to ride out the financial impact of the pandemic. In assessment to the overall panorama of losses which European clubs suffered (up to eight,7 billion euros, in step with UEFA's estimation), Madrid closed the economic yr inside the black, with a price range surplus of 874,000 euros, at some point of a season whilst income rose to 653 million euros. The board will provide an explanation for wherein the club has controlled to make financial savings to hold the club economically healthy and could present a budget of 695 million euros for the 2021-22 season. The fourth factor concerns proposed new membership costs for 2022-23, earlier than contributors gets the risk to position forward their questions.
Later on Saturday, all through the Extraordinary Assembly, the primary point of the day will subject the work to upgrade the Bernabéu. The club will ask contributors to authorise the board of administrators to growth the debt to finance remodelling work via two hundred million euros. Extra expenses are destined to components of the assignment which had been now not formerly envisaged.
Last yr, Real Madrid's earnings dropped by 8% in comparison to the previous 12 months (the membership recorded 714.9 M euros in sales in 2019-20). Madrid are one of the few European golf equipment which did not suffer losses during the beyond monetary years, calculating that they have lost around 300 million euros because of the pandemic.
Savings since the begin of pandemic rose to 295 million euros - fifty eight million of that got here from decreasing the wages bill of the football and basketball sections in addition to the salaries of all high degree executives, 62 million changed into stored by means of reducing operative expenses and 175 million from selling players.
The Treasury balance as of 30 June, stood at 122.1 million euros, Real Madrid's internet really worth turned into calculated at 533.7 million euros and the net debt at 46.6 million. The quantity destined to remodelling the stadium rose by using 279.2 million euros, 48.6% of the entire, 575 million euros payable over 30 years.
Zero remarks
Para poder comentar debes estar registrado y haber iniciado sesión. ¿Olvidaste la contraseña?
Recommended in English
