Real Madrid CF: 2023-24 projected budget & €370m investment approved by club members

• Approval of the financial accounts for the 2022-23 financial year (from 01/07/2022 to 30/06/2023), which include a record turnover of €843m and a net profit of €11.8m, with 99.5% of votes in favour (out of a total of 1,699 votes cast).
• Approval by 99.2% of those voting of the projected budget for 2023-24, which forecasts a new record turnover of €939.5m and a net profit of €6.3m.
• Extension of the authorisation given to the club's board of directors to borrow to finance work on the Estadio Santiago-Bernabéu (Madrid, ESP), by 96.1% of votes cast.
• Agreement on the price of membership fees for the 2024-25 season (95.2% in favour).

These were the main points to emerge from Real Madrid CF's (LALIGA EA Sports) general assembly for representative members, held at the basketball pavilion at the club's training centre, on 11/11/2023.

"In order to address all these additional investments and expenses, we have decided to finance ourselves on a long-term basis to avoid having to impact the activity and the club's outstanding balance sheet in the short term. The budget for these new…