UK time is: 00:08:20
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Madrid - Richest Club?

Officially Real Madrid are the 'Richest Club In The World', yet club executive Ramon Calderon has had to move to ease fans' concerns about the financial health of the club.

Calderon admitted that Madrid have a deficit of 435million euros (301million) on the balance sheet, but insisted a large percentage of that figure is covered and the effective debt is in fact in the region of 70million euros (48million).

'This figure (435million euros) is true but we have to explain it,' Calderon told Radio Marca.

'We have 160million euros (111million) in a bank account and 189million euros (131million) that is owed to us. Therefore, the effective debt is around 70million euros.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer: Cantona Mail feedback, articles or suggestions

Date:Tuesday April 18 2006

Time: 6:27PM

Your Comments

Money on this level is hard to understand - it's like national debt - what's that all about. But if any other type of business was run the way some football clubs are, the bank would pull the plug. Football clubs seem to be a special case.
DBT Riverside
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Manchester United Articles

Villa to Sign Cleverley in January! (Friday October 24 2014)

Van Gaal on Chelsea and Mourinho! (Friday October 24 2014)

Same Again for Chelsea Fixture! (Friday October 24 2014)

Valdes Talk! (Friday October 24 2014)

Sir Alex - The Film (Friday October 24 2014)

Madrid Want a Permanent Deal! (Friday October 24 2014)

United Happy Talk! (Thursday October 23 2014)

Bitter and Twisted? (Thursday October 23 2014)

Shaw Can Do Better! (Wednesday October 22 2014)

Fellaini on That Goal! (Wednesday October 22 2014)

Archived Manchester United Articles

List All Vital United Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
WBA 2 - 2 Man Utd
Man Utd 2 - 1 Everton
Man Utd 2 - 1 West Ham
Leicester City 5 - 3 Man Utd
Man Utd 4 - 0 Q.P.R.
Burnley 0 - 0 Man Utd

League Table (view table)

Team P W D L GD Pts
3. Southampton 8 5 1 2 14 16
4. West Ham 8 4 1 3 4 13
5. Liverpool 8 4 1 3 1 13
6. Man Utd 8 3 3 2 3 12
7. Arsenal 8 2 5 1 2 11
8. Swansea 8 3 2 3 1 11
9. Spurs 8 3 2 3 -1 11

Breaking League News

Going for Three Points This Time!
Chelsea : 24/10/2014 22:00:00
Liverpool: Lawro Predicts 2014-15 - Hull (Home)
Liverpool : 24/10/2014 20:00:00
Villa to Sign Cleverley in January!
Man Utd : 24/10/2014 18:43:00
Pearson On Competition amp; Swansea Threat
Leicester City : 24/10/2014 18:31:00
Pellegrini Expecting Tough West Ham Test
Man City : 24/10/2014 18:17:00

Current Site Poll (view all polls)

United v Chelsea?
Suggested By:  Red Boy
Home Win! 60%
Away Win! 30%
Draw! 10%