Vital Football

Latest Manchester United News

Madrid - Richest Club?

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.'


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

Writer:Cantona
Date:Tuesday April 18 2006
Time: 6:27PM

Comments

0
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
18/04/2006 18:36:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Manchester United Articles

United Announce New Arrival

Manchester United may only have sealed one summer signing, with Victor Lindelof joining from Benfica, but it is still early days as far as the summer transfer window is concerned.

United Youngster Joins Preston North End

One of our host of promising youngster has left Manchester United.

Darmian Pushing for Juventus Move

Our suspicions are that Matteo Darmian could have played his last game for Manchester United Football Club.

FA End Betting Sponsorship

Late yesterday afternoon, the Football Association announced the result of its three month review of their relationship with gambling companies and that association now comes to an end.

Archived Vital United Articles

Vital United articles from

Site Journalists

Red Boy
Editor email
Profile
Charlie Bacchus
no email
Profile

Current Poll (see more polls)

How Do You Rate United's Chances of Winning the EPL Next Season?
Suggested By: Red Boy
Excellent!86%
Good!6%
Average!6%
Poor!2%
ScoopDragon Premier League Network Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Manchester United Results (view all)

Manchester United Fixtures (view all)

Aug 7 2017 12:00AM : Leicester City (a)
Community Shield

Vital Members League Table

RankNamePoints
1.Livingstone4
2.gera2
3.michael95511
Write for Vital Football