On Sunday afternoon, Real Madrid‘s board of directors submitted the vote for the club budget for the past financial year, 2016/17, to the Madrid financial institute.

It has been a quite sensational year for Los Blancos with the revenue for the previous year expected to be just less than 700 million euros.

The exact figure is believed to be 690.3m and no surprises are anticipated with regards to the outcome of the vote as the Member’s Assembly will in all likelihood approve the accounts and budgets.

In sporting terms, 2016/17 was a spectacular success in the Spanish capital, Zinedine Zidane leading his team to double success in LaLiga and the Champions League.

In addition to this there was also tournament glory in the UEFA Super Cup and the Club World Cup.

Transfer business was sparse for the Spanish giants and although 127m euros was spent on incoming players, only 54m was recouped through player sales.

Few teams across the world can compete with the financial might of Real Madrid, and Los Blancos announced that there was a surplus of 178m euros in the club’s coffers.

Their net debt is around 10m euros, a miniscule figure when you consider scale of the organisation.

Much of the increase in revenue comes as a direct result of marketing income, with 254m euros said to enter the club accounts via these means.

Real receive a total of 165m euros through their various sponsors and a further 165m comes from broadcasting rights.

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