UK time is: 06:20:46
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 (oldest first)

Change to most recent first
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
Report Abuse
18/04/2006 18:36:00

 

Have Your Say

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

Recent Manchester United Articles

Loris, De Gea and Real Madrid? (Tuesday May 5 2015)

Jones Fit for Last Three Games (Tuesday May 5 2015)

Penalty Taker Wanted! (Monday May 4 2015)

De Gea Deal Almost Done (Monday May 4 2015)

Herrera on Barcelona Radar (Sunday May 3 2015)

They Want How Much For Pogba? (Sunday May 3 2015)

Archived Manchester United Articles

List All Vital United Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

1. TheFamousNo7 16

League Table (view table)

Team P W D L GD Pts
1. Chelsea 35 25 8 2 42 83
2. Man City 35 21 7 7 35 70
3. Arsenal 34 21 7 6 33 70
4. Man Utd 35 19 8 8 24 65
5. Liverpool 35 18 7 10 11 61
6. Spurs 35 17 7 11 5 58
7. Southampton 35 17 6 12 20 57

Breaking League News

Stoke lose to 8th place battle to Swansea
Stoke : 05/05/2015 22:55:00
Match Analysis: Swansea City 2-0 Stoke City
Swansea : 05/05/2015 21:31:00
Reports Claim Mitrovic Fee Agreed
Newcastle : 05/05/2015 19:07:00
McClaren Rejection
Newcastle : 05/05/2015 18:52:01
Copa America Call For Fernandinho
Man City : 05/05/2015 18:24:01

Current Site Poll (view all polls)

MOTM v West Brom (h)?
Suggested By:  Red Boy
De Gea 8%
Valencia 3%
McNair 1%
Smalling 0%
Blind 0%
Herrera 55%
Mata 5%
Rooney 1%
Fellaini 1%
Young 3%
Van Persie 6%
Falco 1%
Di Maria 6%
I'll Opt Out of This One! 10%