UK time is: 10:08:51
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

Cleverley Stay`s (Tuesday September 2 2014)

Hernandez Gets His Dream Move (Tuesday September 2 2014)

So How Was It For You? (Tuesday September 2 2014)

That Falcao Deal? (Tuesday September 2 2014)

Falcao Set For United Move (Monday September 1 2014)

Welbeck Off On Loan? (Monday September 1 2014)

Vidic - Nightmare Start! (Monday September 1 2014)

Blind Deal Almost Done (Monday September 1 2014)

Transfer Deadline Day Live Blog (Monday September 1 2014)

Kagawa Goes Back to Dortmund! (Sunday August 31 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
Burnley 0 - 0 Man Utd
Sunderland 1 - 1 Man Utd
Man Utd 1 - 2 Swansea

League Table (view table)

Team P W D L GD Pts
11. West Ham 3 1 0 2 -1 3
12. Q.P.R. 3 1 0 2 -4 3
13. Sunderland 3 0 2 1 -1 2
14. Man Utd 3 0 2 1 -1 2
15. Leicester City 3 0 2 1 -2 2
16. Newcastle 3 0 2 1 -2 2
17. Everton 3 0 2 1 -3 2

Breaking League News

Cleverley Stay`s
Man Utd : 02/09/2014 10:04:00
Amalfitano Joins
West Ham : 02/09/2014 10:02:00
Diame's Gone
West Ham : 02/09/2014 10:01:00
What Did We Really Expect?
Spurs : 02/09/2014 09:38:00
Things That You Would Chnage About Football?
Aston Villa : 02/09/2014 09:08:00

Current Site Poll (view all polls)

MOTM v Burnley (a)?
Suggested By:  Red Boy
De Gea 10%
Jones 5%
Evans 0%
Blackett 0%
Young 0%
Valencia 5%
Fletcher 0%
Mata 0%
Di Maria 67%
Rooney 2%
Van Persie 2%
Anderson 2%
Welbeck 2%
Januzaj 5%