Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Real's Worrying Debt Load
AS, October 8th, 2013 3:21PM

MOST READ
TAGS:  real madrid

MOST COMMENTED

Carlos Mendoza, the president of the Association for [Real] Madrid’s Values, gives an interview to AS in which he describes the financial situation of Real Madrid, which is by most estimates the world’s most expensive soccer team, as being grim, to say the least.

According to Mendoza, the club is 541 million euros ($734.7 million) in debt, which is more than twice the total debt load that current Real President Florentino Perez inherited from Lorenzo Sanz, his predecessor. On top of that, Mendoza points out that Perez aims to rebuild Real’s home stadium, the Santiago Bernabeu, at a further cost of $543.2 million. Moreover, Mendoza’s projection does not include the club’s astonishing summer outlay of $187.4 million on player acquisitions this summer.

And while the sales of Mesut Ozil to Arsenal, Gonzalo Higuain to Napoli and Kaka to AC Milan were both positive and necessary, Mendoza says they amount to a mere drop in the ocean given the club’s ever-increasing costs.  “Since [Vicente] Del Bosque left, Florentino has spent 800 million euros ($1.1 billion) on players who have won a League and a Cup. The model is clearly inefficient."

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Ancelotti: Blatter 'Unable to Keep His Mouth Shut'     
Real Madrid coach Carlo Ancelotti on Tuesday accused Sepp Blatter of being "unable to keep his ...
Report: Spain's Tax Authority Probes Barca, Real Stars     
Marca on Wednesday reported that some of La Liga's highest profile players over the last several ...
Reports: Moyes to Take Over at La Real?    
Spanish media reports claim that former Manchester United coach David Moyes is among the names being ...
Balotelli 'Finally!' Scores for Liverpool     
Mario Balotelli on Tuesday came off the bench to save Liverpool from a League Cup fourth-round ...
Study: Barca Produces the Most Professionals in Europe     
According to new research, La Liga giant Barcelona has produced more professional players in Europe's top ...
Clattenburg Dropped for Breaching Referee Rules    
English referee Mark Clattenburg has been dropped for this weekend's Premier League games for breaking the ...
Mourinho Blasts Fringe Players Following Shrewsbury Win     
Chelsea coach Jose Mourinho criticized his fringe players for not taking their chance to impress him ...
Blatter on Russia: Soccer and Politics Should Not Mix     
FIFA President Sepp Blatter, in Russia on Monday for the unveiling of the official emblem for ...
Report: Evra Out for a Month     
Juventus defender Patrice Evra will be out for a month with a hamstring strain, the club ...
UEFA Reduces CSKA Stadium Ban     
UEFA on Monday reduced CSKA Moscow's stadium ban over its fans' racist behavior to two games ...
>> Section 2 Around the Net Archives