Real Madrid is now the World’s highest earning club

Spanish giant, Real Madrid have been confirmed as the World’s highest earning football club after their latest rise in financial figures. The 11-time European champions posted record revenues over the course of 2015-16, with earnings rising 7.4 per cent to €620million.

A club statement read:

'Operating revenues for the financial year 2015-16, without taking into account capital gains obtained as a result of player transfers, have topped €600million euros for the first time. This improvement in profitability is due to an increase in revenues having subtracted operating expenses and provisions corresponding to risks and contingencies.'