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Florentino Pérez covered a variety of topics in his speech to Real Madrid members during the digital General Assembly on Sunday morning.
Undoubtedly the greatest novelty of this assembly was Pérez’s comments on the future of football where he suggests that he would be in favor of a European Super League. “Football must adapt to these new times,” he said at the assembly, “Real Madrid will be at the forefront as always, attentive to what, in the words of FIFA president Gianni Infantino, must always be the priority of football. , the interests of the fans. Football reform cannot wait and we must get down to work as soon as possible. The biggest clubs in Europe have millions of fans spread all over the world. We have the responsibility to fight for this change, a change that we must approach from the perspective of solidarity ”.
He also gave his opinion on VAR, suggesting that Real Madrid is treated differently from other teams and noting that some plays during big games are not played on television, “everyone can see that there is a big difference, not only in repetitions, but also in people who talk about the game and are never positive with Real Madrid. Compared to other clubs, Real Madrid is treated differently. ”
Outside of the headlines, the Assembly approved the Real Madrid 2019/20 Annual Report and also approved the budget for 2020/21. We are still waiting for the full report to be published on the Real Madrid website, however most of the report was published earlier this month. In total, the club finished the 2019/20 season with 313,000 euros in green. The effect of COVID-19 has been devastating with the club losing 13% of its income from last season (some 106 million euros lost).
The club has budgeted a profit of € 607 million for next season, which is around € 300 million less than expected. This number could increase next season if the crowds return, as current projections have been made under the assumption that the fans will not return to the stadiums this season. Real are already preparing another pay cut with their squad, however, the most worrying part of this report for the fans in the short term is how only the club’s savings were affected by the virus. The December statement revealed that COVID impacted the club’s treasury 50% more than the lower revenues this season. The club has spent 154 million covering losses from the virus plus the cancellation of endorsement deals and some memberships.
What this will mean for any summer spending in 2021 remains to be seen and until the full report is released, it would be unfair to speculate.
On a more positive note, significant progress has been made in the renovation of the Bernabéu and the project is expected to be complete in 2022. Real obtained a loan of 575 million euros to renovate the stadium and plans to repay the loan in installments of 29.5 million euros between July. 2023 and July 2049. Pérez was also able to reflect on a successful year on the pitch with the men’s team winning the league and the Super Cup, the youth team winning the UEFA Youth League and the basketball team winning the club’s 28th King’s Cup and the sixth Spanish. Super Cup.
2020 will also be the year that Real completed its merger with Tacón to officially launch a women’s team and faced adversity in the most admirable way, donating 3.3 million euros to fight the virus and offering the Bernabéu as storage space for health authorities.
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