Real Madrid lose €300m to pandemic but report profit for 2020-21

By Sports Desk July 14, 2021

Real Madrid revealed they have lost "close to €300million" in revenue during the coronavirus pandemic as their financial results were announced on Wednesday.

However, Los Blancos reported a post-tax profit of €874,000 for 2020-21, up from €313,000 in the previous financial year.

"In this way, the club will be one of the few big clubs in Europe that does not incur losses in these two years, given that – according to a UEFA study – the operating losses accumulated by European clubs between 2019-20 and 2020-21 will approach €6billion," Madrid said.

A statement attributed the club's financial performance to "intense spending saving measures in all areas".

These measures, Madrid said, were the only way to compensate for a sizeable nine-figure revenue loss, "to which we would have to add the loss of new income that could have been achieved if the pandemic had not existed."

The 13-time European champions did not make a single first-team signing in the 2020-21 season while selling Achraf Hakimi and Sergio Reguilon and allowing James Rodriguez to leave.

Further big names are following this year, with Sergio Ramos departing after claiming a contract offer was withdrawn and Raphael Varane widely linked to Manchester United.

However, Madrid are not considered to be in as tricky a situation as rivals Barcelona, who are closing on a new deal for Lionel Messi but must first clear room under their salary cap.

And Los Blancos – whose Santiago Bernabeu stadium is under renovation, with the team playing elsewhere during the pandemic – continue to be linked with high-profile moves for the likes of Kylian Mbappe.

But the final line in Madrid's financial report appeared to rule out sudden significant expenditure.

"With regard to the economic situation, current forecasts indicate that the recovery from the pre-pandemic situation will not be immediate," the club said.

"In this context, the club will continue in the effort so far to contain spending."

Related items

  • Rumour Has It: Chelsea, Man Utd eye Monaco star Tchouameni Rumour Has It: Chelsea, Man Utd eye Monaco star Tchouameni

    Aurelien Tchouameni has established himself as one of the brightest young midfielders in European football over the past season.

    The 22-year-old is a mainstay in the Monaco side and is already a full France international.

    He is under contract until 2024 but seems destined to move on sooner rather than later, with Europe's biggest clubs said to be interested.

     

    TOP STORY – TCHOUAMENI TO COMMAND HUGE FEE

    According to Marca, Premier League giants Chelsea and Manchester United have both identified Tchouameni as an option to boost their midfield.

    The report claims that Monaco have set an asking price of between €80million and €100m (around £66.5m to £83.2m).

    Monaco's Ligue 1 rivals Paris Saint-Germain, as well as LaLiga leaders Real Madrid, are also credited with an interest.

    ROUND-UP

    Fabrizio Romano reports Liverpool have agreed personal terms with Luis Diaz, and that the deal with Porto is now nearing completion.

    Sky Italia has claimed Tottenham want to sign Juventus' Dejan Kulusevski, after missing out on Diaz.

    Aston Villa face competition from Lyon for Rodrigo Bentancur, who is now a target for the Ligue 1 club, according to multiple reports.

    Sky Sports has reported Pierre-Emerick Aubameyang has been the subject of interest from Juventus and Barcelona.

    Tottenham and Lyon are in advanced negotiations over Giovani Lo Celso, while the French side also want to sign Brest playmaker Romain Faivre, so says Fabrizio Romano.

    Romano also reports Valencia are hopeful of loaning Bryan Gil from Spurs, and Crystal Palace are in talks with United over a move for Donny van de Beek.

  • Colombia enduring wretched goalless run to leave World Cup hopes in doubt Colombia enduring wretched goalless run to leave World Cup hopes in doubt

    Colombia continued their wretched goalscoring run on Friday as their bid to qualify for the 2022 World Cup took another blow.

    Reinaldo Rueda's side were stunned by Peru in Barranquilla as an 85th-minute goal from Edison Flores secured a 1-0 win for the visitors.

    Colombia had 30 shots to Peru's four, with 2.35 expected goals to their opponents' 0.36, and had more than five times as many touches in the opposition box. Somehow, they failed to make their dominance count.

    The result means Colombia have now gone six games in a row without scoring, with Paraguay also enduring the same barren run. It is the second-longest run of matches without a goal in the history of South American World Cup qualifying.

    It also leaves them in sixth place in the standings after 15 games, with Uruguay two points ahead and Peru three above them. Only the top four – presently Brazil, Argentina, Ecuador and Peru – will automatically qualify for the finals in Qatar.

    Colombia, whose only goals since September 10 last year came in a 2-1 friendly win over Honduras this month, will face Argentina, Bolivia and Venezuela in their final qualifying matches.

  • Vlahovic primed to be Serie A's new poster boy as he ignores pull of Premier League for Juventus Vlahovic primed to be Serie A's new poster boy as he ignores pull of Premier League for Juventus

    It wasn't so long ago that the notion of Juventus hoovering up talent from Serie A rivals would have been seen in a negative light by most Italian football fans.

    But while their domination of Italy's top division only really ended last season when Inter brought the Bianconeri's nine-year subjugation of Serie A to a halt, their current situation would make you think it was far longer since they were a challenger.

    When the season resumes after this international break, Juve will go into their next fixture at least 11 points off the top, down in fifth. For years their recruitment has been muddled and misguided, with Aaron Ramsey's fringe squad status the perfect embodiment of that.

    But Dusan Vlahovic's arrival shows there is life in the Old Lady yet, and given the striker's rise to prominence, this move is also potentially massive for Serie A in general.

    Fiorentina hadn't been shy about their desire to cash in on the Serbian, who turned 22 on Friday. They have been very public about how they simply could not afford to lose out on a transfer fee, a situation that was quickly threatening to become a real issue given his contract was due to expire in 2023.

    Pretty much all of Europe's biggest clubs were linked with Vlahovic at some point over the past 12 months, and for a while most people's money would have been on him moving to England.

    "Oh, another emerging talent scurrying off to chase the big bucks of the Premier League, how predictable," many 'calcio' fans were presumably muttering to themselves as… *checks notes*… Arsenal and Tottenham circled.

    As the story reportedly went, Vlahovic's agent didn't seriously consider those two in the end. Whether it might have been a different story for Manchester City, Liverpool, Manchester United or even Chelsea is unclear, but a coup it remains for Juve.

    Vlahovic's impact on Italian football, particularly over the past 18 months, has been significant. Some have suggested he's Serie A's answer to Erling Haaland – perhaps a slight exaggeration, but there's a reason Juve are investing in a guy who in 2021, let's not forget, became only the second player in the past 60 years to net 33 Serie A goals over a single calendar year.

    Juve's attraction to him makes absolute sense when you consider a metric as reductive – yet, crucial – as goals. Following Cristiano Ronaldo's exit last year, the Bianconeri were left with a gaping maw in terms of finishing ability. The faith placed in Alvaro Morata to pick up the slack was as optimistic as it was naive, as the Spaniard has five in 22 Serie A games.

    Vlahovic should, in theory, provide them with a number nine who is dedicated to goals. As Fiorentina's focal point this term, he has recorded 87 shots (second-most among Serie A players) and scored 15 non-penalty goals across all competitions.

    Some might point to the fact those 15 strikes are a considerable increase on his non-penalty xG (expected goals) of 10.2, and there's obviously a chance he won't prove to be quite so clinical for Juve, but it clearly shows they are buying a player brimming with belief.

    Similarly, being surrounded by better players in Turin may mean Vlahovic doesn't have to try as many low-xG shots. A quick look at his shot map in Serie A this season shows a significant variation in goal distances, which obviously has an impact on his xG per shot, which is 0.11 (excluding penalties).

    That may not mean anything in isolation, but when you compare that to Tammy Abraham's 0.18, there's quite a gulf. The England striker seems to be better at getting into clear-cut goalscoring situations, but if Vlahovic is already proving this deadly from worse positions, imagine what he could do if he improves.

    It's worth noting that by no means does Vlahovic only have eyes for goal. In fact, among 'conventional' strikers in Serie A this season, only four – and Paulo Dybala, nominally a creator anyway – have had more involvements in shot-ending sequences without taking the shot (45).

    That speaks to Vlahovic's link-up play and his effectiveness at knitting attacks together in the final third, a skill that is not to every striker's liking. Yet he manages to fulfil this function without it being to the detriment of his goals output.

    At Juve, assuming he links up in attack with Dybala, there may be less need for him to get as involved and that could potentially be how he improves his record of getting into higher xG situations.

    It's fair to assume Juve would see that pay dividends on the goals front, given he already only averages 2.2 touches per shot inside the box – that's only fractionally more than Robert Lewandowski, Cristiano Ronaldo and Haaland (all 2.0), showing how he's more of an instinctive finisher than the likes of Mohamed Salah (3.1) and Kylian Mbappe (3.3), who are more about dribbling and beating defenders.

    The fact is, Vlahovic still has elements to his game that could still improve, yet he's already performing at a high level. He may be young, but Juve have signed a player who can go straight into the team, which will presumably start being built around him.

    Whether Massimiliano Allegri is the right coach for this new Juventus is another debate, but the acquisition of Vlahovic could be a game-changer.

    At the very least, it's a genuine boost for Serie A to keep arguably its finest young player in the league despite the Premier League waving its vast sums in his direction.

    With Ronaldo and Romelu Lukaku gone, Vlahovic is surely primed to be Serie A's new poster boy.

© 2022 SportsMaxTV All Rights Reserved.