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

Predicted XI

Mane, Salah, Firmino back together - How Liverpool could line up against Tottenham

The talented attacking trio of the champions have been separated from the starting XI over the past couple of games

  • 3 hours
Premier League

Ferdinand criticises 'invisible' Manchester United duo after defeat

The former Manchester United defender was unimpressed by two performances in particular against Sheffield United.

  • 3 hours
Premier League

Premier League Table: Man City stay top as Man Utd stumble

Sheffield United's shock win at Old Trafford has changed the picture at the summit, while the top-four race is as tight as ever.

  • 13 hours
Player Ratings

Man Utd 1-2 Sheff Utd Player Ratings: Basham outstanding, Greenwood off it

See how the players rated after the Premier League's bottom club claimed victory over their title-challenging hosts.

  • 13 hours
Premier League

Man Utd 1-2 Sheff Utd: Title-chasing hosts stunned by rock-bottom Blades

Ole Gunnar Solksjaer's side missed the chance to go top as they suffered a shock defeat to the Premier League's basement side.

  • 14 hours
Player Ratings

Chelsea 0-0 Wolves Player Ratings: Kovacic a passmaster, Chilwell struggles

Thomas Tuchel was given plenty to think about in his first match in charge of Chelsea, which ended in a goalless draw.

  • 16 hours

Most read