Real Madrid’s gross debt has risen to €901 million, in the club’s latest figures, leaving them just behind rivals Barcelona in huge debt.
The past year will have affected all football clubs in terms of revenue, with no fans in the stands across Europe since March last year, and it’s being shown in the lack of transfer activity in this window.
Even the biggest of clubs aren’t immune to the problems and Real have announced some massive debts at their Annual General Meeting.
According to SPORT, Los Blancos revealed gross debt of €901 million, which isn’t too far off Barcelona’s €1.2 billion gross debt.
The Spanish champions have a net debt of €355 million and of that €114 million is attributed to the renovation of the Bernabeu, which has left them playing at the Estadio Alfredo Di Stefano at the moment
Real do only have €203 million in short term debt, which is far less than their rivals, who currently owe €126 million to other clubs for other transfers alone, across 19 different clubs.
Zinedine Zidane wasn’t able to boost his side’s chances of retaining the league title with any transfers last summer, which certainly makes sense with the club’s finances.
Instead Achraf Hakimi, Sergio Reguilon and Oscar Rodriguez were amongst the players sold, James Rodriguez was allowed to leave for nothing and Gareth Bale and Borja Mayoral were loaned out.