University of new york at buffalo jing gao11/20/2023 ![]() Regular planning and finance issues have caused delays and amendments, which led to much frustration over the years. That roof has continued to be part of the project, but over time other elements have been added, including new commercial space, extra VIP and hospitality facilities, the futuristic ‘silver skin’ wrapped around the exterior of the building and a retractable pitch to allow for non-sporting events to be staged there, as another revenue stream. Remodelling the Bernabeu has been an objective of Perez for almost two decades, going back to a 2004 promise to spend €30million on a roof to keep all socios, as club members are known in Spain, dry during games. How does spending €1billion on a stadium rebuild affect things? On the surface, Madrid look to be in remarkable financial health - but it’s not quite as straightforward as that. “The club is nearly 50 per cent below their (La Liga) salary limit and would therefore have ample room to increase their spending without jeopardising compliance with the rules.” “In principle, there is no reason for concern of whether Real can afford to spend further this summer,” says Jose Manuel Sanchez Santos, professor of applied economics at the University of La Coruna and a specialist in the finances of Spanish clubs. That is likely to be even higher for 2023-24, with plenty of room to add further new big names, even after Bellingham’s arrival. Madrid also had by far the biggest salary budget in La Liga for 2022-23, with up to €683.5million available to spend. Meanwhile, Madrid’s published annual accounts have shown a positive operating result every year since the 2002-03 season, including a surplus of €13million for 2021-22. Tebas went further this year when saying Mbappe and Erling Haaland “could only be at Real Madrid (among the Spanish clubs), because the economic situation of Barcelona would not allow them to have access to this type of player.”īarcelona’s well-publicised financial issues have seen them run at big deficits in recent years, which current president Joan Laporta has dealt with by activating ‘financial levers’ to raise €867million by selling shares in the club’s future revenues. ![]() La Liga president Javier Tebas does not have a good relationship with Real Madrid but still acknowledged in 2021 that “it is the (club) that is in the best financial health” and the one that “has best managed the pandemic”. Shopping for Ten Hag and Manchester United in 2023: Strikers.With Kylian Mbappe now being available for sale due to the deterioration of his relationship with Paris Saint-Germain, there could be another substantial transfer fee on the cards for Madrid, as well as having to meet the France striker’s substantial demands for signing-on fee and salary.Īll of which raises the question of how might Madrid manage to afford this while they are also completing a €1billion rebuild of their stadium, and with club president Florentino Perez regularly claiming they can no longer afford to compete at the top of the transfer market. Not counting Barcelona’s €60million signing of Vitor Roque, which will not go through until next January, Madrid have so far this summer spent more than all the division’s other 19 clubs put together.Īnd yet there is a chance for even greater spending from the Bernabeu. No La Liga team has come close to this level of outlay. ![]()
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