Spanish champions Real Madrid has not been affected by the global financial crisis as it is in a solid economic situation, according to the club’s director general Jose Angel Sanchez.
“Real Madrid is in a good economic and financial situation and is at the head of the world ranking of football clubs in terms of revenues,” he told the club’s television station.
“This is not easy, there are not many examples of Spanish institutions or companies which are at the head of the revenue rankings in their sector,” he added.
Real posted a net profit of €97 million last season, up from €40 million during the 2006-07 season.
The club was the world’s largest revenue-generating club for the third successive season during 2006-07, according to an annual ranking compiled by London-based business advisory firm Deloitte.
Real’s arch rivals Barcelona were in third place with the other three spots in the top five occupied by English clubs.
Manchester United were in second place, Chelsea were in fourth and Arsenal, buoyed by their new stadium, moved up to fifth place.
