UK time is: 02:47:07
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

Evra to be Unveiled this Afternoon (Thursday July 31 2014)

Vidal - Coming or Not? (Thursday July 31 2014)

A Second Chance (Thursday July 31 2014)

Is Hernandez Bound for Spain? (Thursday July 31 2014)

Mind Games! (Wednesday July 30 2014)

It`s Loan Deal Time! (Wednesday July 30 2014)

So What Do You Get for 33 million? (Wednesday July 30 2014)

Three Months? (Wednesday July 30 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

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
8. Leicester City 0 0 0 0 0 0
9. Liverpool 0 0 0 0 0 0
10. Man City 0 0 0 0 0 0
11. Man Utd 0 0 0 0 0 0
12. Newcastle 0 0 0 0 0 0
13. Q.P.R. 0 0 0 0 0 0
14. Southampton 0 0 0 0 0 0

Breaking League News

Bojan Gets Squad Number
Stoke : 31/07/2014 21:46:00
Arsenal Fan Goes Out On Loan
Arsenal : 31/07/2014 21:30:00
Danny: Champion of the World!
Spurs : 31/07/2014 21:10:00
Albion Announce 2014-15 Squad Numbers
WBA : 31/07/2014 18:13:00
Bertrand Joins On Season Long Loan
Southampton : 31/07/2014 18:02:00

Current Site Poll (view all polls)

Can We Win the Premier League This Coming Season?
Suggested By:  Red Boy
Yes! 74%
No! 13%
Too early to say! 13%