Asked By: Curtis King Date: created: Jul 11 2023

Who is owning Real Madrid

Answered By: Oliver Allen Date: created: Jul 12 2023

Unlike many football clubs, Real Madrid is not owned by any one individual, family, consortium, or other corporate body. Instead, it is owned by fans, who are called either “Madridistas” or ‘Socios.” A “socio” will pay an annual fee of Euros 150, although once they have been a member for 50 years or more, this is waived.

  1. In turn, they elect the President and the Board of Directors to run the Board on their behalf.
  2. Florentino Pérez, a 76-year-old Spanish businessman, who heads Spain’s largest construction company, has been President of the club since 2009.
  3. The last elections held in 2021 saw him re-elected unopposed for another four-year term.

Read: Top 10 clubs with the most trophies in Europe Real Madrid has been owned in such a fashion since the very inception of the club back in 1902. An attempt in 1992 to force all Spanish clubs to register as PLCs (Public Limited Companies) was evaded by Real and their great rivals Barcelona, who took advantage of a loophole in the law.

Socios have the right to vote in club elections, and they also get priority when it comes to buying match tickets. Every four years, the socios vote on a two thousand member assembly, which has the power to elect the club president and board of directors, approve the annual budget, and authorize loans and other financing arrangements.

Although in principle, anybody can become a socio, in practice, it is very difficult. To register for eligibility, a prospective member needs to complete an application form, and they need to be endorsed by two existing members. Even that is not enough because the waiting list is long to become a member and depends on if somebody who is already a member either dies or chooses to relinquish their status.

  1. Consequently, there have been some people who have been waiting years for the chance to become members.
  2. Membership is also non-transferable.
  3. This means that it cannot be sold to somebody else or bequeathed to a family member via a will.
  4. Whilst the socio model is, in theory, more democratic than the situation at many football clubs, in practice, the individual member has very little power or influence on the way that the club is managed or governed.

Read: Real Madrid legends – Top 10 greatest players of all time For example, while many Real supporters, like fans of other clubs, were opposed to the idea of the European Super League, Pérez was one of the principal architects of the scheme and continues to be a major supporter to this day.

He is able to wield almost unquestioned authority because of the success that the club has enjoyed on his watch and also because of his policy of signing some of the biggest stars in world football. On the other hand, it does keep the club out of the hands of corporate raiders. A takeover of the club by overseas investors, such as the Premier League regularly experiences, would not be possible in the case of Real Madrid.

Proponents of the current ownership model would argue that this helps preserve the culture and identity of the club.

Is Real Madrid private?

Avenida Coucha, Espina Nr.1 Madrid 28036 Spain Telephone: +34-91-389-43-32 Fax: +34-91-458-75-78 Web site://www.realmadrid.com Private Company Incorporated: 1902 as Madrid Foot Ball Club Employees: 500 Sales: $115.6 million (2004) NAIC: 711211 Sports Teams and Clubs Real Madrid C.F.

Asked By: Lewis Thompson Date: created: Dec 15 2023

Are Real Madrid and Barcelona owned by fans

Answered By: Timothy Hughes Date: created: Dec 15 2023

The members of Real Madrid, called socios, form an assembly of delegates which is the highest governing body of the club. Barcelona and Real Madrid is organised as a registered association. This means that both the clubs are owned by its supporters who elect the club president.

Is Real Madrid a royal family?

‘Royal’ Madrid – The club was not always known as Real Madrid and mainly played under the title of Madrid Football Club from the early 1900s until 1920. Change came in 1920 when Spain’s King Alfonso XIII conferred the title of Real to the team and thereafter they were known as Real Madrid. Real is the Spanish word for ‘royal’, so they became by definition the team of the king, for they had received his blessing. In 1931, following the establishment of the Second Spanish Republic and the dissolution of the monarchy, Real was dropped from the club’s name and the crown was removed from their badge.

Is Real Madrid owned by fans?

Who owns Real Madrid? How ‘socios’ remain in control of Los Blancos with president Florentino Perez at the helm Real Madrid, the most successful club in the history of Europe, own a record 14 continental titles, and there will be plenty of silverware up for grabs in 2022/23 to add to their trophy case.

  1. Yet Real Madrid, who have won seven European crowns since the turn of the millennium, remain a unicorn against the backdrop of modern club football.
  2. With teams being purchased around the world for record sums of money, Real Madrid have not been for sale.
  3. That’s because no one individual truly owns Real Madrid.

Instead, the club is owned by its fans. The club’s supporters, known as “Madridistas,” are able to purchase an ownership stake in the club, a rare occurrence in club soccer’s modern financial boom. While successful Spanish businessman Florentino Perez is the president who controls the day-to-day operations of the club, Perez is subject to the oversight of the Real Madrid supporters.

Who is the richest club owner in the world?

Who is the richest football club owner in the world? – The wealthiest football club owner in the world in 2023 is Sheikh Mansour. He owns Manchester City and has a net worth of $30 billion.

Can anybody buy Real Madrid?

Real Madrid club value, net worth, and finances – Real Madrid are one of the richest and most well-known football clubs in the world., as of April 2021, Real Madrid had a total valuation of $4.75 billion, with yearly revenues of $792 million and an operating income of $92 million.

The club’s total valuation has skyrocketed over the last decade, as it was listed at $1.9 billion in 2012. According to Forbes in 2018, the club’s of $10.6 million per year was second in the world, only behind rivals Barcelona. Club president Florentino Perez, who is elected by the socios, has built the club into a global powerhouse.

His leadership has seen the club climb exponentially up the financial charts, aided by his ability to bring world-renowned players to the Bernabeu. : Who owns Real Madrid? How ‘socios’ remain in control of Los Blancos with president Florentino Perez at the helm

Who owns most of Real Madrid?

“Los Blancos” redirects here. For the Argentine village, see Los Blancos, Salta,

Real Madrid

Full name Real Madrid Club de Fútbol
Nickname(s) Los Blancos (The Whites) Los Merengues (The Meringues) Los Vikingos (The Vikings) La Casa Blanca (The White House)
Founded 6 March 1902 ; 121 years ago (as Madrid Football Club )
Ground Santiago Bernabéu
Capacity 83,186
President Florentino Pérez
Head coach Carlo Ancelotti
League La Liga
2022–23 La Liga, 2nd of 20
Website Club website
Home colours Away colours Third colours

/td> Current season

Real Madrid Club de Fútbol ( Spanish pronunciation: ⓘ ), commonly referred to as Real Madrid, is a Spanish professional football club based in Madrid, The club competes in La Liga, the top tier of Spanish football, Founded in 1902 as Madrid Football Club, the club has traditionally worn a white home kit since its inception.

The honorific title real is Spanish for “royal” and was bestowed to the club by King Alfonso XIII in 1920 together with the royal crown in the emblem. Real Madrid have played their home matches in the 81,044-capacity Santiago Bernabéu Stadium in downtown Madrid since 1947. Unlike most European sporting entities, Real Madrid’s members ( socios ) have owned and operated the club throughout its history.

The official Madrid anthem is the ” Hala Madrid y nada más “, written by RedOne and Manuel Jabois. The club is one of the most widely supported in the world, and is the most followed football club on social media according to the CIES Football Observatory as of 2023 and was estimated to be worth $5.1 billion in 2022, making it the world’s most valuable football club.

  1. In 2023, it was the second highest-earning football club in the world, with an annual revenue of €713.8 million.
  2. Being one of the three founding members of La Liga that have never been relegated from the top division since its inception in 1929 (along with Athletic Bilbao and Barcelona ), Real Madrid holds many long-standing rivalries, most notably El Clásico with Barcelona and El Derbi Madrileño with Atlético Madrid,

The club established itself as a major force in both Spanish and European football during the 1950s and 60s, winning five consecutive and six overall European Cups and reaching a further two finals. This success was replicated on the domestic front, with Madrid winning twelve league titles in the span of 16 years.

This team, which included Alfredo Di Stéfano, Ferenc Puskás, Paco Gento, and Raymond Kopa, is considered by some in the sport to be the greatest of all time. Real Madrid is known for its Galácticos policy, which involves signing the world’s best players, such as Ronaldo, Zidane, and David Beckham, to create a superstar team.

Who owns Real Madrid?

The term ‘Galácticos policy’ generally refers to the two eras of Florentino Pérez ‘s presidency of the club (2000-2006 and 2009-2018), however, players brought in just before his tenure are sometimes considered to be part of the Galácticos legacy. A notable example is Steve McManaman, who like many other players also suffered under the policy,

  1. On 26 June 2009, Madrid signed Cristiano Ronaldo for a record breaking £80 million (€94 million); he became both the club and history’s all-time top goalscorer.
  2. Madrid have recently relaxed the Galácticos policy, instead focusing on signing young talents such as Vinícius Júnior, Rodrygo and Jude Bellingham,

In domestic football, the club has won 69 trophies; a record 35 La Liga titles, 20 Copa del Rey, 12 Supercopa de España, a Copa Eva Duarte, and a Copa de la Liga, In European football, Real Madrid have won a record 21 trophies; a record 14 European Cup/UEFA Champions League titles, two UEFA Cups, and a record five UEFA Super Cups,

  • In worldwide competitions, they have achieved a record eight club world championships,
  • Madrid was ranked first in the International Federation of Football History & Statistics Club World Ranking for 2000, 2002, 2014, 2017.
  • In UEFA, Madrid ranks first in the all-time club ranking,
  • Real Madrid is recognised as the greatest football club of the 20th century by FIFA and as the best European club during the same timeframe by the IFFHS, whilst also receiving the FIFA Centennial Order of Merit in 2004.

Real Madrid has the highest participations in the European Cup/Champions League (42), tournament in which they hold the overall record for the most wins, most draws and most goals scored. Real Madrid is the only club to have won three consecutive titles ( three-peat ) in the European Cup/Champions League twice, first in 1955–56, 1956–57, and 1957–58, and second in 2015–16, 2016–17, and 2017–18,

Asked By: Miguel Young Date: created: Jan 24 2023

Who is the cost of Real Madrid

Answered By: Raymond Foster Date: created: Jan 27 2023

Real Madrid is the worlds most valuable football club according to Forbes NEWS STORY.31/05/2023 For the second consecutive year, Real Madrid is the most valuable football club in the world with a value of 6.070 billion dollars, according to Forbes. This prestigious publication states in its report that our club has achieved a 19% increase in value compared to last year.

POSITION CLUB VALUE IN BILLIONS OF DOLLARS
1 Real Madrid 6.070
2 Manchester United 6.000
3 Barcelona 5.510
4 Liverpool 5.290
5 Manchester City 4.990
6 Bayern Munich 4.860
7 PSG 4.210
8 Chelsea 3.100
9 Tottenham 2.800
10 Arsenal 2.260

Real Madrid is the worlds most valuable football club according to Forbes

Asked By: Timothy Henderson Date: created: Oct 18 2023

Did Real Madrid try to buy Messi

Answered By: Sean Coleman Date: created: Oct 19 2023

Florentino Perez has reportedly failed with three bids to prise Lionel Messi from Barcelona. LLUIS GENE/Getty Images Los Blancos president Florentino Perez is nothing if not persistent, and many other Galacticos have fallen for his charms and a great deal of cash in the past. Luis Enrique is one of a handful of players who have played for both Barca and Real. Mike Hewitt/Getty Images It isn’t a new phenomenon, and if the deal is right, it happens. And just how much must it grate on Real’s chief that despite spending a Sky Sports- reported €1.2 billion to bring some of the world’s best players to the Santiago Bernabeu, Los Blancos still trail in the slipstream of the Blaugrana.

A Press Association report (via the Guardian ) detailed that: Real Madrid have tried three times in the last five years to sign Barcelona’s Lionel Messi, according to a report in Spain. The Partido de las Doce programme on the Cadena COPE radio station claimed representatives of Real approached the Argentinian in 2011, 2013 and 2015, but were rebuffed on each occasion.

Each attempt to prise the Argentinian genius from his second home appears to have tied in with certain events too. Real allegedly first tried to sign Lionel Messi in the wake of Barcelona’s Champions League win at Wembley in 2011. VI-Images/Getty Images When Neymar plumped for Barca instead of Real in 2013, another approach was allegedly made, and the final one in 2015 came after the Blaugrana completed a historic second treble.

Perez should’ve realised as long as five years ago he was barking up the wrong tree, though. Per Sky Sport Italia (via Salvatore Landolina of Goal ), Messi explained during 2011 that: “I will never go or to any other teams. I always want to stay here, finish my career with Barcelona and then maybe play in Argentina.

I would like my European career to be around here.” That’s a fairly unequivocal statement leaving no room for misinterpretation. Since then, the Blaugrana have continued to go from strength to strength, while Real’s trophy haul has paled into insignificance. The trophies just keep coming for Barcelona. LLUIS GENE/Getty Images Moreover, at the time of writing, they look well placed to win yet another Liga, are in the semi-finals of the Copa del Rey and remain favourites to become the first side to retain the Champions League in its modern guise.

No amount of money would sway any player from moving away from that sort of success at club level unless there were other factors to consider—for example, if they weren’t getting enough games a la Marc Bartra. That doesn’t apply to Messi, of course. Furthermore, there’s an overriding feeling that although there are many egos in the Barca dressing room, Enrique has harnessed these well enough to ensure they play as a team at all times rather than the collection of individuals Real Madrid often appear to be.

B/R Football @brfootball #CR7 ‘wants to be centre of everything’ at Real Madrid—jealous of Neymar & Messi interest 😳 https://t.co/yX0FJtRvNZ https://t.co/35VRLLzpWB The spectacular dovetailing in attack of Messi, Neymar and Luis Suarez is simply unlikely to be replicated in a Real Madrid front three that would potentially include Gareth Bale and particularly Ronaldo.

Asked By: Gavin Scott Date: created: Mar 16 2023

Can La Liga teams be bought

Answered By: Leonars King Date: created: Mar 19 2023

However, the rules do not restrict third parties from owning and running a football club, even though that third party will need to comply with LaLiga Regulations after its investment. This article examines the legal requirements for investing owning and running a football club in LaLiga including: Club Structures.

What is Real Madrid’s profit?

Real Madrid post record revenue of €843m in 2022-23

  • Real Madrid, the Spanish soccer giants, brought in record revenue of €843 million ($948m) in the 2022-23 season.
  • The club announced its financial results for the last campaign yesterday (July 17), with the revenue figure – excluding player sales – representing an increase from the previous campaign of €121 million.
  • The previous record revenue figure for the LaLiga heavyweights came in 2018-19 when income of €757 million was secured.

Profit came to €11.8 million (after tax) for the season, down slightly from €13 million in 2021-22 (when the club won both LaLiga and the pan-European UEFA Champions League). Earnings before interest, taxation, depreciation, and amortization (EBITDA) came to €157.6 million.

  1. Aside from competition-based revenue (factoring in the LaLiga and Champions League triumphs), every sector of revenue increased year-to-year.
  2. The club has said it expects the ongoing work on its iconic Santiago Bernabeu stadium to be completed by the end of this year, and thus that stadium and matchday revenue “in 2023-24 will increase significantly compared to the 2022-23 financial year.”
  3. Real have a partnership related to investment into the stadium’s redevelopment with US investment firm Sixth Street and with the Legends agency it owns.
  4. Income from that sector in 2024-25 is expected to increase further still, although the club has said that this rise will “also translate into the consequent increase in operating expenses related to the operation of the stadium.”
  5. The increase in income through the completion of the venue’s renovation will begin in January next year, Madrid have said.
  6. Last season, Real finished second in LaLiga and were knocked out of the Champions League at the semi-final stage by the eventual winner, England’s Manchester City.
  7. The Bernabeu is currently being redeveloped in a project that is costing between €800 million and €900 million.
  8. Real are hoping to recoup the huge outlay spent on renovating their home by staging regular events at the Bernabeu outside of soccer matches with plans for the venue to be open for use 300 days a year.
  9. There will also be a skywalk around the stadium, with some of Spain’s biggest restauranteurs invited to make proposals for those spaces, while new VIP zones will also have over 25,000 square meters to create premium hospitality spaces.
  10. The stadium will feature a retractable roof to stage indoor events, as well as retractable turf which means the playing surface for the club’s matches will not be affected.
  11. The redevelopment will, in addition, expand the stadium’s capacity to around 100,000 for music concerts and other events with standing areas.
  12. In terms of commercial activity, Real extended their long-standing shirt sponsorship deal with Dubai-based airline Emirates in October.
  13. Image: Soccrates Images/Getty Images

: Real Madrid post record revenue of €843m in 2022-23

Asked By: Nathan Johnson Date: created: Apr 15 2024

Does Real Madrid owe money

Answered By: Jeremiah Adams Date: created: Apr 17 2024

REAL MADRID CLOSE THE 2021/22 FINANCIAL YEAR WITH A €13 MILLION PROFIT

2021/22 ECONOMIC AND FINANCIAL SUMMARY (excluding stadium renovation project)
MILLION (€) 2020/21 2021/22
Revenues (before profit on disposal of fixed assets) 653,0 721,5
EBITDA 179,6 203,0
Profit after tax 0,9 12,9
Equity at 30 June 533,7 546,4
Cash at 30 June 122,1 425,5
Net debt at 30 June 46,4 -263,1
Debt-to-EBITDA ratio 0,3x 0,0x
Debt/equity ratio 0,1x 0,0x

table>

STADIUM RENOVATION PROJECT: MILLION (€) 2020/21 2021/22 Cumulative investment 279,2 537,8 Loan drawn 375,0 800,0

table>

2022/23 REVENUES BUDGET (MILLIONS €) 769,6

The Real Madrid C.F. Board of Directors, which met on 12 September, has agreed to convene an Ordinary General Assembly for 2 October 2022, during which, among other matters, it will submit for approval the results for the 2021-2022 season. In the sporting arena, the football first team won the Champions League title in the 2021/22 season, the fifth title in the last eight years, as well as the Spanish League title and the Spanish Super Cup.

Budget 2022/23 Furthermore, throughout the 2022/23 financial year, the Club continues with the implementation of the Stadium remodelling project, which will not be fully operational in terms of revenue until the works are completed.

Operating income for the financial year 2021/22 has reached €722 million, an increase of €69 million (10%) year-on-year, as the economic effects of the pandemic are gradually subsiding. These effects are still lingering, however, which is why the revenue figure for this financial year 2021/22 is still lower than it was four years ago in 2017/18 and is € -100 million lower than the 2019/20 budget before the pandemic.

  1. The loss of revenue that the Club has suffered in its business lines from March 2020 to 30 June 2022 is close to €400 million compared to the pre-pandemic situation, in addition to the loss of new revenue that could have been generated had the pandemic not struck.
  2. As indicated above, income for the year continued to be significantly affected by the effects of the health crisis brought about by Covid-19.

In addition to this, the stadium’s income was affected by the limitations in place due to the redevelopment work. Against this background, the Club’s management has continued to focus on cost containment and on actions to improve management and business development in all areas, highlighting the capital gain realised in the year from the agreement with Sixth Street/Legends.

  1. With all this, and after making provisions to cover risks and contingencies, the Club has generated an EBITDA of €203 million in 2021/22 (€180 million in 2020/21 and €177 million in 2019/20).
  2. As a result, over the three financial years affected by Covid-19, and despite the loss of income it has caused, EBITDA has been higher than that generated in 2018/19 before the pandemic, which is a sign of the Club’s operational efficiency, as well as its ability to respond by adopting management measures to mitigate these losses.

A €13 million profit is achieved after deducting depreciation, financial result and corporate tax expense. This result means that the Club has managed to remain in profit over the three financial years affected by the pandemic, making a profit in both 2019/20 (€313 thousand after tax) and 2020/21 (€874 thousand after tax), being one of the few major clubs in Europe that did not incur losses over those two financial years, given that, based on a study by UEFA, the accumulated operating losses of European clubs between 2019/20 and 2020/21 are close to €6 billion.

  • The Club’s net asset value has increased year on year as a result of the profits made, reaching a value of €546 million as of 30 June 2022.
  • As a result of staying in profit in the three years affected by the pandemic – 2019/20, 2020/21 and 2021/22 – despite the loss of income suffered, the Club has managed to increase the value of its net assets by €14 million in comparison to the pre-pandemic situation as at June 2019.

The cash balance at 30 June 2022, excluding the stadium redevelopment project, is 425 million euros. This high cash balance has been achieved thanks to both investment and cost containment measures and business development activities, highlighting the impact on cash for the year of the capital gain from the Sixth Street/Legends agreement.

  1. As a result, the Club has been able to offset the cash impact of the €400 million loss of revenue caused by Covid-19 from March 2020 to date.
  2. Furthermore, the Club has undrawn credit facilities of €354 million as at 30 June 2022, which further strengthens its liquidity position to comfortably meet all expected payment commitments.

The Club’s Net Debt, excluding the stadium redevelopment project, has reached a value of -€263 million as of 30 June 2022. This amount actually represents not a debt but a net liquidity position, as the sum of cash and transfer debtors is greater than the credit balances for investments, bank debt and advances.

The Net Debt as of 30 June 2021, excluding the stadium redevelopment project, was a value of €46 million, which means that during the financial year 2021/22 the Club has reduced its net debt by -€310 million. In comparison to the situation before the pandemic (30 June 2019: net cash position of -€27 million), the net debt as at 30 June 2022 is -€237 million lower, which shows that the Club has managed to compensate, through the implemented savings measures and other business improvement actions, the loss of revenues of close to €400 million caused by the pandemic and its consequent impact on lower cash flow and therefore higher net debt.

The Debt/EBITDA ratio stands at a value of 0, as the Club has no debt but a net liquidity position. In other words, despite the effects of the pandemic, the Club has a level of Debt/EBITDA ratio that represents maximum credit quality for financial institutions.

  • All this data demonstrates the robust equity position and high solvency that the Club has despite the pandemic.
  • Real Madrid’s contribution to Tax and Social Security revenues in the financial year 2021/22 amounted to €351.2 million.
  • Regarding the Santiago Bernabéu Stadium remodelling project, in the financial year 2021/22 the construction work has been carried out according to plan, making it possible for matches to be held at the Santiago Bernabéu Stadium.

The amount of the investment accounted for in the financial year 2021/22 was €259 million, including the financial costs capitalised during the construction period. The accumulated investment until 30 June 2022 thus amounts to €538 million. The third loan arrangement (€200 million in July 2021) and the fourth loan arrangement (€225 million in May 2022) were made this year, which means that the loan is fully in place at 30 June 2022 at the amount of €800 million.

Revenue of €769.6 million is budgeted for the 2022-2023 season, before disposal of fixed assets, as well as a pre-tax profit of €5 million. The revenue budget represents an increase of €48.1 million (7%) compared to the 2021/22 financial year. Despite this growth, the revenue budget for the financial year 2022/23 is still €52.5 million (6%) lower than the pre-pandemic 2019/20 budget of €822.1 million.

This is a result of some lingering effects on income due to the deferred impact of the economic crisis resulting from the pandemic, in addition to the economic challenges caused by the ongoing conflict in Ukraine. : REAL MADRID CLOSE THE 2021/22 FINANCIAL YEAR WITH A €13 MILLION PROFIT

Asked By: Fred Foster Date: created: Feb 18 2024

Who has the royal blood in Spain

Answered By: Kyle Stewart Date: created: Feb 18 2024

From Wikipedia, the free encyclopedia The Spanish royal family, a branch of the House of Bourbon, is headed by King Felipe VI, The current royal family consists of King Felipe VI, Queen Letizia, their children ( Leonor, Princess of Asturias and Infanta Sofía of Spain ), and Felipe’s parents, King Juan Carlos I and Queen Sofía,

Who is the current king of Spain?

Monarchy of Spain Constitutional institution and the highest office of Spain “King of Spain” redirects here. For other uses, see, “Spanish Monarchy” redirects here. For the historiographical term, see, King of Spain : Rey de España Incumbent since 19 June 2014 DetailsStyleFirst monarch and ()Residence (official) (private)Website

    • Vice President

      Inmaculada Montalbán Huertas

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      • Francisco Marín Castán (acting)
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    Margarita Delgado Tejero

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For a list, see, The monarchy of Spain or Spanish monarchy (: Monarquía Española ) is the form of government of Spain. It consist of a that reigns as the, being the highest office of the country. The current monarch is since 19 June 2014, after the abdication of his father, King,

The Spanish monarchy is constitutionally referred to as The Crown (: La Corona ), and it comprises the reigning, his or her royal family, and the, which supports and facilitates the sovereign in the exercise of his duties and prerogatives. The is currently represented by King Felipe VI,, their daughters, and, and the king’s parents, King Juan Carlos and,

The re-established a as the form of government for Spain after the end of the Francoist regime and the restoration of democracy in 1977. The 1978 constitution affirmed the role of the king of Spain as the living personification and embodiment of the Spanish State and a symbol of Spain’s enduring unity and permanence and is also invested as the “arbitrator and the moderator” of Spanish state institutions.

  1. Constitutionally, the king is the and of the,
  2. The constitution the use of royal styles and titulary,,,, and a -guardianship contingency in cases of the monarch’s or,
  3. According to the constitution, the monarch is also instrumental in promoting relations with the “nations of its historical community”.

The king of Spain serves as the president of the, representing over 700,000,000 people in twenty-four member nations worldwide. Spain and are the last remaining monarchies on the European coast. The Spanish monarchy has its roots in the of founded after the,

Then the fought the following the in the 8th century. A dynastic marriage between and (the “”) united in the 15th century. The became one of the first as Isabella and Ferdinand funded ‘s exploratory voyage across the Atlantic Ocean. The sea route he established paved the way for the Spanish conquest of much of the Americas.

As of 2021, the official budget for the Spanish monarchy is 8.4 million euros, one of the lowest public expenditures for the institution of monarchy in Europe. However, other expenses of the royal house are assumed by different,

Is Barcelona owned by fans?

Who owns Barcelona? – In a unique twist that sets Barcelona Football Club apart from many other football giants, the club is owned by its fans, known as “socios.” This distinctive ownership model grants a voice to the supporters, allowing them to participate in key decisions through a democratic voting process.

  1. The socios elect the president and the board of directors, contributing to the club’s direction and identity.
  2. This fan-centric approach embodies the essence of community and loyalty that Barcelona Football Club represents.
  3. The socios’ involvement extends beyond matchday enthusiasm; they hold the power to shape the club’s policies, from choosing leadership to endorsing major transfers.

This dynamic interaction between the fans and the club’s administration fosters a sense of belonging and shared responsibility, binding the Barcelona’s faithful fans even closer to their team. Taking the reins of Barcelona’s destiny lies squarely in the hands of its registered members, who wield the power to elect not just the board of directors, but also the president of the revered club. This pivotal process underscores the democratic ethos at the heart of Barcelona’s operations.

  • The club’s history is intrinsically woven with the fabric of its association, dating back to its inception by the visionary Joan Gamper in 1899.
  • A constant beacon of Catalunya’s spirit, Barcelona remains an unwavering torchbearer, emblematic of the very essence of its people.
  • Presidents, the helm-bearers of Barcelona’s journey, embark on a rigorous six-year tenure, a mandate that compels them to steer the club with precision and passion.

This deliberate term structure ensures that fresh perspectives and unrelenting commitment drive the club forward.

Is Bayern Munich owned by fans?

How Bayern Munich’s Sponsorship Strategy Has Made Them A Commercial Success Sadio Mane of Bayern Munich celebrates after the Supercup 2022 match between RB Leipzig and FC, Bayern München at Red Bull Arena on July 30, 2022 in Leipzig, Germany. (Photo by Martin Rose/Getty Images) Getty Images Germany’s Bundesliga might be falling behind La Liga and the Premier League, but Germany’s biggest club, Bayern Munich are still a commercial juggernaut.

In fact, in 2021 their of 345.2 million euros ($342.2 mil.) was the highest of any soccer club in the world, beating the likes of Paris Saint-Germain and Real Madrid. The secret behind Bayern Munich’s commercial success is consistency. In August, Bayern signed a new shirt sponsorship deal with Deutsche Telekom, running until 2027.

The “T” logo of T-Mobile has now been on the front of the club’s shirt for, Deutsche Telekom are one of four long-term partners of Bayern Munich. The other three partners, Audi, Adidas and Allianz all own an 8.33% stake in the club, with the remaining 75% owned by the fans.

  • While Deutsche Telekom don’t own part of the club, and haven’t discussed such an arrangement, Bayern Munich board member in charge of sponsorship Andreas Jung says that they are more of a strategic partner than a sponsor.
  • They run a joint TV station and interactive program in the stadium to create inspiring moments and inform fans about the club 24/7.

Deutsche Telekom’s logo can even be seen in the stands, as its employees at Bayern’s matches wear white raincoats and sit together in what Jung calls an “iconic” “T” shape. This long-term partnership, with no change or interruption in twenty years, means each side knows what to expect from the other.

  1. Bayern Munich’s long-term approach helped the club ride out COVID-19, with the restrictions on fans hitting Bayern’s bottom line.
  2. Jung says this is because the club and its partners rely on each other and do everything in a friendly, common way so when there were hard discussions about partners’ rights during the pandemic, the club found ways to compensate partners through digital offers or other rights.

The club has also taken this long-term approach to its overseas operations. Jung says that while the Premier League grows its brand by having its clubs jet around the world each summer, only a few Bundesliga clubs make similar long-distance tours. Manuel Neuer poses for selfies with Bayern Munich supporters after a training session at Dignity,

  1. Health Sports Park on the second day of the FC Bayern Muenchen Audi Summer Tour 2019 in Los Angeles, California.
  2. Photo by Alexander Hassenstein/Bongarts/Getty Images) Bongarts/Getty Images This means Bayern have to take the lead, and they have done so by establishing offices in the U.S.
  3. And Asia to have a permanent presence there.

This means, as well as just pre-season tours, the club can hold kids’ camps and clinics, and provide a platform for other German firms to build their presence in these markets and learn about local consumers’ preferences. Despite all this, Bayern Munich still struggle to compete with their Premier League rivals.

  1. Jung estimates that Bayern’s revenue from broadcast rights is about the same as the bottom-placed club in the Premier League.
  2. German clubs also cannot attract the same level of investment as clubs from other leagues due to its 50+1 rule that ensures clubs are owned by the fans.
  3. This does mean that the club, unlike the likes of Manchester United, is not saddled with huge debts, but also gives the club less money to spend on players.

Without such outside investment, Jung says these long-term partnerships are more vital than ever. And while the club’s current deal with Deutsche Telekom only runs until 2027, it wouldn’t be a surprise if the “T” is still seen around the Allianz Arena in Munich ten years from now.

Asked By: Ethan Wright Date: created: Dec 03 2023

How rich is PSG

Answered By: Rodrigo Nelson Date: created: Dec 06 2023

Paris Saint-Germain valued at over USD 4 billion Paris Saint-Germain has never been worth more. According to reports just published by Brand Finance and Forbes, Paris Saint-Germain is currently worth more than USD 4bn, consolidating the club’s position among the top 10 most valuable football clubs in the world in 2023.

Valued at between USD 4.2 and 4.8bn (equivalent to between EUR 3.8 and 4.2bn) by Forbes and Brand Finance respectively, Paris Saint-Germain remains one of the most attractive clubs in the world, rated fourth in terms of brand value by Brand Finance and seventh by Forbes. The club continues to grow at speed, with an increase of over 30% in a year (34% according to Brand Finance and 32% according to Forbes).

Paris Saint-Germain has closed the gap on the clubs ahead of it by recording the highest increase in the global top 20 over the last 12 months, continuing the trend of recent years that has seen the value of Paris Saint-Germain grow more quickly than any other elite football club, with only one global franchise outperforming it across the sports world as a whole.

In smashing through the USD 4bn barrier, Paris Saint-Germain has made history and broken new ground for a French football club, a performance made all the more remarkable by the fact that the club does not own its stadium. The Paris Saint-Germain brand is valued at EUR 1.132bn in the Brand Finance Football 50 2023 ranking, an increase of 10 per cent in a year and the third largest among the world’s top 10 football clubs.

Paris Saint-Germain Chief Revenue Officer Marc Armstrong said: “Paris Saint-Germain continues to cement its position as a global benchmark in football and the wider sports industry. Brand Finance and Forbes’ latest annual reports on the most valuable sports clubs and brands underscore Paris Saint-Germain’s rise to the top of world football and is due reward for the hard work piloted since 2011 by our Chairman and CEO Nasser Al-Khelaifi to build an iconic, international club on and off the pitch.

In becoming one of the most attractive clubs in the world, Paris Saint-Germain is making sure it has the resources it needs to continue pursuing its ambitions moving forward.” The value and appeal of the club are set to grow even further with the creation of its new training centre at Poissy, just outside Paris.

This new first-rate facility marks yet another step forward in the club’s development and its quest to build on its successes and remain a leader among the major sports franchises globally. : Paris Saint-Germain valued at over USD 4 billion

Asked By: Horace Miller Date: created: May 21 2023

Who is richest footballer

Answered By: Clifford Lee Date: created: May 23 2023

Brunei’s prince Faiq Bolkiah is the number 1 richest footballer in the world. He has a net worth of $20 billion.

Who is the owner of the Atlético Madrid?

MIGUEL ÁNGEL GIL Nationality: Spanish Date of birth: 28 May 1963 Club role: CEO of Atlético de Madrid ECA Executive Board Member since: 2019 Biography Miguel Ángel Gil Marín graduated as a veterinarian from Madrid’s Complutense University, is a shareholder in family real estate companies and is currently Atlético de Madrid’s CEO and main shareholder.

  1. He joined Atlético de Madrid as General Manager in April 1993, and became the club’s CEO in February 2002.
  2. Miguel Ángel was named Director of the Year at the Globe Soccer Awards in 2010.
  3. In 2016, he was named CEO of the Year at the Football Business Awards gala held in London.
  4. Miguel Ángel Gil became the first non-English executive to win the award.

Atlético de Madrid have won nine titles since his arrival in 1993: two leagues (1995/96 and 2013/14), three Europa Leagues (2009/10, 2011/12 and 2017/18), two Copa del Rey trophies (1995/96 and 2012/13), three UEFA Super Cups (2010, 2012 and 2018) and one Spanish Super Cup (2014).

Who is the owner of Real Madrid basketball?

Real Madrid Baloncesto

Real Madrid
President Florentino Pérez
Head coach Chus Mateo
Team captain Sergio Llull
Championships 11 EuroLeague 4 Saporta Cup 1 Korać Cup 1 Eurocup 5 Intercontinental Cup 36 Spanish Championship 28 Spanish Cup 10 Spanish Supercup

Is Real Madrid backed by Spanish government?

Spanish government found guilty of providing state aid to Real Madrid, Barcelona and five other clubs La Liga rocked Taxpayers funds illegally used to bankroll top sides against EU rules

  • Published : 11:47, 4 Jul 2016
  • Updated : 10:27, 5 Jul 2016

SPAIN’S government has been found guilty of illegally funding seven football clubs – including Real Madrid and Barcelona. The European commission has ruled Spain provided state-funding to help the clubs gain an unfair advantage over their rivals.3 Real Madrid train at the training ground that was part funded by a reduced land deal with the Spanish government Credit: Getty Images

  • And in one instance, were able to buy land to build a new training ground for £15million LESS than market value.
  • The European Commission launched an investigation into how clubs were benefiting unfairly from tax and finance support from the government.
  • And they found a long list of tax, land and loan issues that were deemed to be against EU regulations on state funding.
  • The seven clubs -, Real, Valencia, Athletic Bilbao, Atletico Osasuna, Elche and Hercules – have all now been ordered to repay cash which it is ruled has given them an unfair advantage over their rivals.

3 David Beckham was unveiled as a Real Madrid player at the club’s training ground Credit: Efe 3 Both Valencia and Barcelona were able to benefit by illegal state sector funding from the Spanish government Credit: Getty Images

  1. In complete ignorance for usual rules, despite being registered as limited companies Real, Barca, Bilbao and Osasuna were paying the tax rate of non-profit organisations for over 20 years.
  2. That meant they saved fortunes on tax demands going back until 1990.
  3. All four clubs have been ordered to repay the moneys owed.
  4. A second investigation centred on the price Real were charged to buy land from the government in 1998, as they moved to a state of the art new training ground on the outskirts of the city.
  5. The commission found the land deal was undervalued by an astonishing £15million which now needs to be paid back.
  6. And a third investigation looked into how a state-owned bank illegally stood as guarantors for loans which helped Valencia, Elche and Hercules secure funding at a discounted rate.
  7. All three were cash-strapped at the time, but because the taxpayer agreed to guarantee the loans the clubs secured more favourable terms.
  8. The trio now have to pay back the money saved – which in Valencia’s case is a whopping £17million.
  9. Commissioner Margrethe Vestager, in charge of competition policy, commented: “Using tax payers’ money to finance professional football clubs can create unfair competition.
  10. “Professional football is a commercial activity with significant money involved and public money must comply with fair competition rules.
  11. “The subsidies we investigated in these cases did not.”

: Spanish government found guilty of providing state aid to Real Madrid, Barcelona and five other clubs

Is Real Madrid owing debt?

REAL MADRID CLOSES THE FINANCIAL YEAR 2022/23 WITH A 12 MILLION EURO POSITIVE RESULT

2022/23 ECONOMIC AND FINANCIAL SUMMARY (excluding the stadium remodeling project)
MILLION DE EUROS 2021/22 2022/23
Revenues (before results from disposal of fixed assets) 721,5 843,0
EBITDA 203,0 157,6
Profit after tax 12,9 11,8
Equity at 30 June 546,4 558,3
Cash and cash equivalents at 30 June 401,5 128,2
Net borrowings at 30 June -263,1 -46,7
Debt/EBITDA Ratio 0,0x 0,0x
Debt/equity ratio 0,0x 0,0x

table>

STADIUM REMODELING PROJECT (€ Million) 2021/22 2022/23 Accumulated investment 537,8 892,7 Loan drawn 800,0 800,0

The Board of Directors of Real Madrid C.F., chaired by Florentino Pérez on 17 July at midday, presented the annual accounts for the 2022-2023 financial year. On the sporting front, the football first team won the European Super Cup, Club World Cup and Copa del Rey trophies and reached the semi-finals of the Champions League.

Foreseeable developments All of this must be underpinned by an economic model that pursues self-sustainable growth where, through a combined effort of growth/diversification of income and cost control, profitability is obtained and a financial structure whose solvency allows the Club to meet the investments necessary for the development of its activity.

Operating revenues (before fixed asset disposals) for the financial year 2022/23 amounted to 843 million euros, an increase of 121 million euros (17%) compared to the financial year 2021/22. With the exception of competition revenues, given that the Champions League trophy was won in 2021/22, all other business lines recorded growth, especially marketing and stadium revenues, the latter still affected in 2021/22 by the capacity restrictions due to Covid-19.

  1. In this financial year 2022/23, despite the still lingering effects of Covid-19 and the stadium capacity restrictions resulting from the ongoing refurbishment works, the Club manages to exceed for the first time and by far the pre-pandemic revenue figure (757 million euros in 2018/19).
  2. Stadium revenues, due to the works, were still 13% lower than in 2018/19 but revenues from the remaining business lines have already significantly exceeded those achieved in 2018/19, with marketing revenues in particular standing out (+12%).

The value of the ratio in the financial year 2022/23 has been set at 54%, a value close to 50%, which is considered the threshold of excellence, and well below the value of 70% which is the maximum level recommended by the European Club Association. In the financial year 2021/22 the value of the ratio stood at 72%, which adjusted for the effect of Covid-19 in lost revenue, would be a value of 64%, which, in turn without considering the impact of sports trophies and other non-recurring expenses, would have been a value of 59%.

  • In the financial years 2019/20 and 2020/21 the values of the ratio were 57% and 62% respectively, both years also being affected by the effects of Covid-19.
  • This shows that, despite the effects of Covid-19, the Club has managed to keep the level of the ratio under control at the levels recommended by the European Club Association.

In the financial year 2022/23 the Club obtained an EBITDA of EUR 158 million. A comparison of EBITDA in 2022/23 with that of the financial years 2019/20, 2020/21 and 2021/22 shows the improvement achieved in 2022/23 in the operating efficiency of revenues versus expenses due to the gradual recovery of the activity after the pandemic, although the results of disposals in 2022/23 were lower than in previous years.

In the case of player transfers, it is more difficult to carry out significant transfer operations, both because of the huge losses incurred by most European clubs due to Covid-19 and because of the evolution of the dynamics of the transfer market itself, with an increasing number of players finishing their contracts without being transferred.

In addition, the comparison with 2021/22 has to take into account the capital gain realised in that year due to the Sixth Street/Legends deal. The profit after tax is obtained from EBITDA after taking into account depreciation and depreciation expense, financial result and corporate income tax.

  1. A profit after tax of EUR 12 million is obtained in 2022/23 compared to EUR 13 million in 21/22.
  2. Thus, in an economic context characterised by widespread and very significant losses in the vast majority of the most relevant European clubs in the period 2019/20 to 2021/22, losses that also persist in the results of relevant clubs announced so far relating to the financial year 2022/23, the Club closes in profit all the financial years of the 4-year period covering the financial years 2018/19 to 2022/23, which have been affected by Covid-19 and, in the specific case of the Club, by the completion of the remodelling works of the stadium.

This has been achieved through cost containment and business improvement measures in all areas. As a result of the profits made, the Club has increased the value of its net assets year on year to reach a value of 558 million euros by 30 June 2023. Having managed to remain in profit in the four financial years affected by the pandemic and the refurbishment of the stadium – 2019/20, 2020/21, 2021/22 and 2022/23 – despite the loss of income suffered, the Club has managed to increase the value of its net assets by €25 million compared to the situation as at June 2019 before the pandemic and the start of the refurbishment work, and to reach a value of €558 million as at 30 June 2023.

The cash balance as of 30 June 2023, excluding cash from the stadium redevelopment project loan, is EUR 128 million. The comparison with the cash balance as at 30 June 2022 is determined by the impact on the cash balance in the financial year 2021/22 of the capital gain from the Sixth Street/Legends agreement recorded in that year.

During the financial year 2022/23, in addition to payments for player acquisitions and renewals and other investments, both current and outstanding from previous years, significant payments have been made, such as, among others, payments of bonuses for sporting achievements from the previous year, as well as the payment of the first full year (repayable over 4 years) of repayment of the ICO/Covid-19 loans.

  • In addition to the cash balance of 128 million euros, the Club has at 30 June 2023 undrawn credit facilities amounting to 265 million euros.
  • These financial availabilities allow the Club to comfortably meet its expected payment commitment.
  • The Club’s Net Debt, excluding the stadium redevelopment project, has reached a value of EUR -47 million as at 30 June 2023.

This amount represents, in reality, not a debt but a net liquidity position, as the sum of cash and debtors for transfers is greater than the credit balances for investments, bank debt and advances. The change in the net cash position compared to the previous year reflects the above-mentioned change in the cash position.

Compared to the situation prior to the pandemic (30 June 2019: net liquidity position of -27 million euros), the net debt at 30 June 2023 is -20 million euros lower, which shows that the Club has managed to offset, through the savings measures implemented and other business improvement actions, the loss of income of close to 400 million euros caused by the pandemic and its consequent impact on lower cash and therefore higher net debt.

The Debt/EBITDA ratio stands at a value of 0, given that the Club has no debt but a net liquidity position. In other words, despite the effects of the pandemic, the Club has a level of Debt/EBITDA ratio that represents maximum credit quality for financial institutions.

  • All this data demonstrates the robust equity position and high solvency that the Club maintains despite the pandemic.
  • Real Madrid’s contribution to Tax and Social Security revenues in the financial year 2022/23 amounted to 342.4 million euros.
  • With regard to the Santiago Bernabéu Stadium remodelling project, the Club has continued with the implementation of the works in the 2022/23 financial year, estimating the completion of the essential part of the works for the end of the year 2023.

The execution of the works has been carried out according to plan, being compatible with the holding of matches at the Santiago Bernabéu stadium. The amount of the investment accounted for in the financial year 2022/23 was 355 million euros, including the financial costs incurred during the construction period.

  • Thus, the cumulative investment until 30 June 2023 amounts to EUR 893 million.
  • As for the loan, the full amount of EUR 800 million was fully drawn down during the previous year.
  • The first repayment of the loan will take place in the financial year 2023/24, on 30 July 2023, with a repayment of 34 million euros.

A key fact that will determine the economic development of the next financial year 2023/24 is that the work on the stadium refurbishment is expected to be essentially completed by the end of 2023, so that for accounting purposes the investment is expected to be operational as of 1 January 2024, with the effect that from that date the investment will start to be depreciated and the financial costs of the stadium loan will cease to be capitalised.

The other relevant effect of the completion of the works is the increase in revenues, both from ordinary/vip capacity and from the commercial exploitation of the facilities (tour, events, bars and restaurants, shop). It is estimated that the increase in revenue from the full commercial availability of the stadium would start from January 2024 and would develop progressively.

All this leads to estimate that the revenues of the stadium in 2023/24 will increase significantly compared to the financial year 2022/23, although they would still be significantly lower than the expected level to be achieved from 2024/25 when the different business lines are fully operational.

Logically, the increase in revenue will also result in a corresponding increase in operating costs related to the operation of the stadium. In the sporting arena, the Club intends to continue reinforcing and developing its sporting model aimed at continuing to achieve the sporting successes in football and basketball that have distinguished the Club throughout its history and very significantly in recent years.

: REAL MADRID CLOSES THE FINANCIAL YEAR 2022/23 WITH A 12 MILLION EURO POSITIVE RESULT