The Spanish Football League (LFP) has confirmed reports that Real Madrid’s debt stands at €541 million, but has moved to defend the club’s status by stating it has “excellent financial management”.
Spanish La Liga giant Real Madrid is reportedly hiding the scale of its debt that could be as high as €541 million, according to a Spanish economist.
Plans have been put on hold for a proposed $1 billion resort themed on La Liga football club Real Madrid.
Spanish football giants Real Madrid has dethroned Manchester United as the world’s most valuable sports club, with Barcelona ensuring that football locks out the top-three in Forbes’ annual list of the 50 leading sporting institutions.
Spanish football club Real Madrid has announced that Florentino Perez will serve a fourth term as president following no opposition for elections that were due to take place later this month.