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Real Madrid increased budget
Spain - 20 September, 2004
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The Primera Liga club has formally announced a €300m budget for the current season – a significant increase on last year’s €232m. Most of this rise will be driven from marketing revenues coming from the star players attracting the sale of a record number of replica shirts around the world. The club is also expecting a huge rise in pre-tax profits, from €8m in the period to July 2004 to €50m in the current financial year, though wage costs are expected to climb 13% from €123.6m last year to €140.2m this season.
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