Skip to main content

Real Madrid's earning increases 8.6 percent


Real Madrid says its earnings have increased 8.6 percent year-on-year, seemingly dispelling fears that the Spanish powerhouse would suffer financial woes after having spent heavily to buy players and still not won major silverware.
The club says on its website Wednesday that its gross revenue increased from €407.3 million ($517 million) in the previous season to €442.3 million ($561.6 million) in 2009-10.
Madrid drew criticism last year for its heaving spending and was one of the main reasons why UEFA’s Professional Football Strategy Council introduced “financial fair play” regulations stating European clubs should break even from 2012 or face being barred from the Champions League.
Madrid, now coached by Jose Mourinho, had spent record sums to acquire Cristiano Ronaldo, Kaka, Karim Benzema and Xabi Alonso.
Labels:

Comments

Post a Comment

Popular posts from this blog

India film industry contributes $6.2 billion in year

India's film and television industry contributes an immense $6.2 billion (Rs 28,305 crores) to the Indian economy, according to a new report released by PricewaterhouseCoopers. The report, titled Economic Contribution of the Indian Film and Television Industry, also finds that the sector has a total gross output of $20.4 billion (Rs 92,645 crores) and contributes more to the GDP of India than the advertising industry. "This report demonstrates the importance of the film and television sector to the overall growth and vitality of the Indian economy. Indians should be proud of the staggering growth that the film and television industry has achieved," said Motion Picture Association of America (MPAA) chairman Dan Glickman, who launched the report in New Delhi at the Asia Society Conference. "The film and television industry in India is one of the world's largest markets in terms of number of consumers and offers significant growth potential. Over the past fe...
1 comment
Read more

HR group says BSF kills one Bangladeshi in every four days

Taking part in an open discussion, Odhikar general secretary Atikur Rahman Khan said BSF is killing one Bangladeshi in every four days. Human rights group Odhikar and Human Rights Watch at a press conference at BRAC Centre on December 13, 2010 revealed a report on killing, abuse and torture by the Border Security Force (BSF) of India along the border. About 1,000 Bangladeshis were killed by Indian Border Security Forces (BSF) over the last decade, according to a report released by rights groups in the capital city Dhaka in Bangladesh on December 13, 2010. Apart from the killings, the report says, the Indian border guards usually threaten, abuse and beat Bangladeshi people living in frontiers villages, but they hardly get any cooperation from Bangladesh police. "It's a gross violation of human rights." The report was prepared based on statements of victims, witnesses, journalists, human rights workers, law enforcement officials and members of BSF and BDR. The re...
1 comment
Read more