Real Madrid General Assembly to take place on Sunday

Madrid transformed into Game of Thrones kingdoms

On Sunday, the General Assembly of Real Madrid will be held by the board, and they and are expecting to unveil the clubs current net debt is a negative 13 million euros which means Los Blancos are owed more money than they owe.

President Florentino Perez and his staff should cruise through this meeting given the outstanding economic results and the five titles obtained between the football and basketball squads.

The gross debt as of July 30, 2016 is listed at 235m euros; consisting of 82m owed to banking entities and 153m in investments in players and facilities.

On the other hand, there is 211m stored at the treasurers office plus an extra 59m pending on player sales.

Moreover, the 620m of revenue in the last fiscal year is a record for any sports entity ever.

The surplus can be attributed to the conquest of the Champions League, which increased direct and indirect revenue in all areas, mitigating the 37m euros spent in player bonuses for winning 'La Undecima.'

Madrid break down their total revenue in four areas: the marketing department leads the way with 34 per cent of total, followed by income stemming from TV rights (27 per cent), membership and stadium (25 per cent) and lastly friendly matches and international competitions (14 per cent).

When Perez took over in his first stint as club president, in 2000, Los Blancos revenue was significantly more modest at 118m euros, most of that coming from TV rights.

The budget for the 2016/17 season is set at 631m with an expected 50.2m surplus.