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
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

England 0-0 Scotland Player Ratings: Kane fails to deliver as Scotland impress

Gareth Southgate's team failed to produce against a spirited Scotland side who picked up a vital point in their bid to qualify

  • 6 hours
Predicted XI

Goretzka back and Werner to start - How Germany and Portugal could line up

Germany will be fighting for all three points against Portugal on Saturday following their 1-0 defeat to France in the opening round of Euro 2020

  • 19 hours
Predicted XI

Changes up front – How Spain could line up against Poland

Luis Enrique could ring in the changes up front as Spain look to pick up their first win of Euro 2020.

  • 19 hours
Predicted XI

Pavard rested? How France could line up against Hungary

Bayern Munich defender Benjamin Pavard has been at the centre of a controversial week and could be rested for France's match versus Hungary

  • 19 hours
Player Ratings

Netherlands 2-0 Austria: Depay & De Ligt impress as De Boer's side top group C

Frank de Boer's side weren't too highly rate prior to the tournament but his Netherlands side have picked up six points from six thus far

  • 1 day
Player Ratings

Denmark 1-2 Belgium Player Ratings: Kevin De Bruyne shines with goal and assist in just 15 minutes

Robert Martinez's side are now all but through to the knock-out rounds of the Euros after a convincing 2-1 victory over Denmark

  • 1 day

Most read