Real Madrid Assembly to confirm key figures

October 23 is an important date in Real Madrid's calendar when the Assembly will appoint Francisco Gento as honorary president to succeed the late Alfredo di Stefano as well as approve the accounts showing the debt has been slashed to zero.

Last season's accounts will be confirmed at the meeting along with the estimated balance of the current campaign.

In 2015/16 the budget was 581 million euros but Los Blancos made 625 million to give a profit of more than 40 million, although these figures do not include transfers.

This record income means the net debt stands at zero while the gross debt has been refinanced until 2021.

However, there is still the outstanding issue of whether the club has to pay back about 20 million euros of public aid money that the European Commission has ruled illegal.

Real is refuting the claims regarding land transactions and the matter is now in the hands of the European Union courts.