.contact us |.about us
News > Sports News...
Search:
    Advertisement
Real Madrid forecasting big profits boost
( 2003-09-04 09:38) (Agencies)

RealMadrid expect to boost pre-tax profits in 2003-2004 to 58.8 million euros ($63.46 million), thanks largely to a TV deal that kicked in at the start of the season and higher marketing revenues.

Real, whose squad includes French playmaker Zinedine Zidane, England captain David Beckham and Brazilian striker Ronaldo, said on Wednesday it made a pre-tax profit of 9.3 million euros in 2002-2003.

The club, which has agreed to offload several first-team players in recent weeks, including midfielder Claude Makelele and striker Fernando Morientes, said it hoped to make an operating profit of 21.6 million euros in 2003-2004 as it cut payroll expenses.

The nine-times European champions posted an operating loss of 97.9 million euros in 2002-2003 after paying off 76.1 million in debt. But the figures were lifted by 108.3 million euros in extraordinary gains, including profits from the sale of a training ground.

Next year the club expects revenues to rise 21 percent to 232.6 million euros, thanks to a new TV deal worth more than 50 million euros a season and a forecast rise in marketing revenues.

The acquisition of Beckham, one of the world's most glamorous sportsmen, is expected to boost the club's sales of merchandise worldwide.

Real said it had 143.2 million euros in cash and no bank debt.

 
Close  
   
  Today's Top News   Top Sports News
   
+Premier: Stable RMB rate benefits all
( 2003-09-04)
+Typhoon kills at least 36 in Guangdong
( 2003-09-04)
+Free-trade initiative gathers momentum
( 2003-09-04)
+Several nuclear-power plants to quench energy thirst
( 2003-09-04)
+Olympics preparations progress smoothly
( 2003-09-04)
+Real Madrid forecasting big profits boost
( 2003-09-04)
+Chinese teenager scores in Man Utd reserve match
( 2003-09-03)
+Deportivo clear as only side with perfect record
( 2003-09-04)
+McLaren on top in Monza testing
( 2003-09-04)
+Cafu sets sights on fourth World Cup appearance
( 2003-09-04)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
   
     
  Related Articles  
     
 

+Real Madrid earn draw, Ronaldinho lifts Barca
2003-09-04

+Real Madrid draw with Villareal
2003-09-03

+Real scrape away draw, Ronaldino stars for Barca
2003-09-03

+Real's Makelele completes Chelsea move
2003-09-01

+Morientes joins Monaco on loan from Real Madrid
2003-09-01

+Real estate financing a tough issue
2003-08-31

+Valencia reject Real Madrid bid for Ayala
2003-08-29

+Ronaldo in Real's 3-0 win at Malloca
2003-08-28

+Beckham in Real's 3-0 win at Malloca
2003-08-28

+Raul celebrates with Carlos in Real's 3-0 win at Malloca
2003-08-28

+Beckham the hero as Real win Super Cup
2003-08-28

+Beckham convinced he will triumph at Real Madrid
2003-08-27

+Real estate financing a tough issue
2003-08-26

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved