Real Madrid Posts Record €1.185 Billion Revenue, Gives Full Update on Bernabéu Renovation and Financial Future

Real Madrid have once again set the standard—not just on the pitch, but off it. The club has officially released its financial report for the 2024–25 season, revealing record-breaking revenue and providing significant updates on the Santiago Bernabéu renovation, long-term financial strategy, and future growth.

Historic Revenue: €1.185 Billion (Excluding Transfers)

The club reported an eye-watering €1.185 billion in revenue, excluding player transfer activity—a 10% year-on-year increase, and the highest figure recorded by any football club globally for the season. This is the second consecutive year Real Madrid have surpassed the €1 billion mark, further solidifying their position as football’s most financially powerful institution.

The boost came from strong performance across commercial activities, matchday income, sponsorship deals, and other diversified revenue streams. However, the club did note a slight decline in broadcasting revenue, driven by changes in UEFA’s revenue-sharing model and lower La Liga payouts compared to the previous season.

Still, the overall picture is one of aggressive growth and financial strength.

Profit & Stability: Net Profit of €24 Million

Real Madrid finished the year with a post-tax profit of €24 million, underlining a well-managed financial structure. The club currently has:

• €598 million in net assets
• €166 million in cash reserves
• Only €12 million in net debt (excluding stadium-related financing)

Perhaps most notably, Madrid highlighted a debt-to-equity ratio of 0.0, proudly describing their position as one of “maximum solvency and financial autonomy.”

This is especially important in an era where clubs around Europe are leaning heavily on outside funding. Madrid remains entirely self-financed, a point the board continues to emphasize as part of its identity.

€194 Million Invested in Players & Infrastructure

In the 2024–25 financial year, the club invested a total of €194 million into two main areas:

• Player acquisitions ahead of the 2025 FIFA Club World Cup
• Infrastructure upgrades, excluding the Bernabéu renovation

Madrid strategically moved several signings forward to June 2025 in order to prepare a top-tier squad for the expanded Club World Cup. This early investment had a clear impact on this season’s financial report but is seen as a long-term move aimed at sporting and commercial success.

Bernabéu Renovation: €1.347 Billion Invested, Nearing Completion

The club also gave a comprehensive update on the Santiago Bernabéu Stadium renovation, which continues to be one of the most ambitious infrastructure projects in world football.

As of June 30, 2025, Real Madrid have invested €1.347 billion into the project. The structural phase—which included the retractable roof, movable pitch, and iconic steel exterior—has now been completed.

Focus has now shifted to business and hospitality development:

• Premium VIP zones
• The “RM Experience” tour areas
• New catering and event spaces
• Revamped official club store

These upgrades are designed with one clear goal: generate year-round revenue, independent of football matches.

Stadium Loan Repayment Begins

Madrid confirmed that the entire €1.17 billion Bernabéu loan was drawn by November 2023. Until now, the club had been paying interest only. But starting this season, loan principal repayments have begun:

• €15 million in 2023–24
• €23 million in 2024–25

That leaves an outstanding balance of €1.132 billion, which will be paid down gradually over the coming years.

The club remains confident in its ability to manage this debt, particularly because of the expected long-term commercial returns the renovated Bernabéu will provide.

Next Phase: Finishing Touches, Concerts & NFL Games?

The final phase of the project will be completed during the 2025–26 season, focusing on:

• Refining the new hospitality areas
• Solving noise and permit-related issues linked to large-scale events
• Working with local authorities to clear the way for concerts and non-football events

The club is also negotiating to resume major international concerts and is reportedly in talks with the NFL to host a regular-season game at the Bernabéu.

Florentino Pérez and his board envision the stadium as a year-round global venue capable of:

• Hosting music events
• Corporate expos
• Esports tournaments
• Cultural festivals
• And eventually, official NFL games

A Vision Beyond Football

Real Madrid’s message is clear: the club’s future isn’t tied solely to matchday revenue or trophy wins.

By transforming the Bernabéu into a multi-purpose venue and keeping its financial structure entirely self-reliant, the club is positioning itself to dominate both on and off the pitch — now and for years to come.

While rivals lean on billionaire owners, Real Madrid are betting on infrastructure, brand, and global reach.

And so far, the numbers are backing them.