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Report: Atlético Madrid debt reaches €999m

Spanish club records €1.8m profit for 2019/20 despite 9% revenue drop.

27 November 2020 Steven Impey

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  • La Liga outfit reportedly took €325.3m in returns
  • Sports-related revenues amounted to €100m
  • Club also secured €123m in broadcast rights income

Atlético Madrid’s debt has reached €999 million (US$1.19 billion) following the 2019/20 season, according to digital soccer outlet Goal.

Although Atlético’s official end of year financials have yet to be finalised with a formal vote, the report says the club are set to announce year-on-year (YoY) revenues have fallen by nine per cent to €325.3 million (US$426.56 million).

However, despite the impact of the coronavirus pandemic, the La Liga outfit reportedly recorded a net profit of €1.8 million (US$2.15 million) for the 2019/20 season, with their overall sports related income standing at €100 million (US$119.3 million).

Among other revenue streams, the club are said to have received €40 million (US$47.7 million) from their commercial partnerships, as well as €77.8 million (US$92.8 million) from advertising and €123 million (US$146.7 million) from their share of broadcast rights.

Atlético are due to hold their next general meeting with shareholders on 17th December to oversee the club’s accounts for the year ending 30th June. It follows news earlier in the month that the club will also have to make adjustments of 27 per cent to meet new La Liga salary regulations, with the league seeking to reduce its clubs’ collective player wage bill to €700 million (US$830.3 million) for the 2020/21 season.

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