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

Player Ratings

Cheltenham 1-3 Manchester City Player Ratings: Foden rescues Pep's stars in tough FA Cup clash

Manchester City were made to work for their place in the fifth round of the FA Cup after coming from behind to beat Cheltenham Town

  • 53 minutes
Premier League

Arsenal's 'own fault' we are out of the FA Cup - Arteta

Arsenal manager Mikel Arteta has lamented his side's slow start in a 1-0 loss away to Southampton on Saturday at St Mary's.

  • 5 hours
Player Ratings

Southampton 1-0 Arsenal Player Ratings: Willian flops as holders exit FA Cup

Arsenal's defence of the FA Cup ended at the fourth-round stage as they failed to get going offensively against a solid Southampton side.

  • 6 hours
Predicted XI

Still no Messi - How Barcelona could line-up against Elche

Barcelona are seeking to win their third away match in succession in La Liga as they tackle struggling Elche on Sunday.

  • 8 hours
Predicted XI

Van de Beek to start? How Manchester United and Liverpool could line-up in FA clash

Ole Gunnar Solskjaer and Jurgen Klopp are aiming for cup progression while keeping their players fit for key midweek matches in the Premier League.

  • 8 hours
Predicted XI

Werner to start? - How Chelsea could line-up against Luton

The German broke his duck against Morecambe in the third round, but is still without a Premier League goal since November and needs to find form soon

  • 13 hours

Most read