La Liga

Atletico Madrid reach nearly A BILLION euros in debt

The Spanish giants are recording major revenue losses with debt continuing to escalate.

 
3:06pm on Monday 30th November 2020
By
Nicholas Hughes

Atletico Madrid are believed to be nearly €1 billion in debt with revenue streams decreasing during the COVID-19 crisis.

That is according to Goal who are reporting the 2014 La Liga champions’ revenue is projected to have fallen nine percent year-on-year, some €325 million.

Diego Simeone’s side spent €80.5 million on transfers in the summer, per Transfermarkt, as well as adding Luis Suarez’s salary to the payroll.

The club splashed on record signing Joao Felix last year, but that move was offset by lucrative sales of the likes of Antoine Griezmann, Lucas Hernandez and Rodri.

Atletico Madrid: Squad, FC Ratings, Matches, Formations

Despite this, though, Atleti did post a net profit of just under €2 million, owing to funds coming in from commercial partners and broadcast rights deals. The report also said the club’s total sports-related income was recorded at around €100 million.

This comes as La Liga have issued widespread financial regulations for this season to ensure fairness and survival of all clubs.

The league body has set out to reduce the maximum wage bill of clubs to €700 million by essentially mandating a salary cap.

This will result in Atleti being forced to reduce their total salary by 27% to align with regulations for the remainder of this season, while Barcelona are believed to be in need of a 40% adjustment.

Los Rojiblancos have enjoyed a terrific start to the season, sitting second in La Liga with two games in hand potentially taking them five points clear at the top.

The side are preparing to face Bayern Munich on Tuesday night in a blockbuster Champions League clash where a loss could prove fatal to their hopes of reaching the knockout stages.

Latest news

Serie A

When Inter collapsed on the final day to hand the title to Juventus - Serie A in 2001/02

The Nerazzurri's stunning loss at Roma handed the title to their rivals in devastating circumstances

  • 32 minutes
La Liga

Valencia finally secure major honours after Champions League disappointment - La Liga in 2001/02

Rafa Benitez's upstarts based their win on a solid defensive structure and were better organised than Madrid or Barca

  • 1 hour
Premier League

When Beckham and pals came of age to retain the title - the 1996/97 Premier League

Manchester United’s young superstars make it two in a row, fuelled by the 'Class of '92'

  • 2 hours

Ferencvaros vs New Saints Champions League Qualifying Prediction: Team to Win, Form, News and more

Here is our prediction for the upcoming UEFA Champions League Qualifying match taking place between Ferencvaros and New Saints

  • 6 hours

Dynamo Kiev vs Partizan Champions League Qualifying Prediction: Team to Win, Form, News and more

Here is our prediction for the upcoming UEFA Champions League Qualifying match taking place between Dynamo Kiev and Partizan

  • 6 hours

FCSB vs Tel Aviv Champions League Qualifying Prediction: Team to Win, Form, News and more

Here is our prediction for the upcoming UEFA Champions League Qualifying match taking place between FCSB and Tel Aviv

  • 6 hours