Real Madrid closes 2021-22 season with profit of 13M euros

MADRID (AP) — Real Madrid says it closed the 2021-22 season with a profit of 13 million euros and a cash balance of 425 million euros. The club says the loss of income because of the coronavirus pandemic since March 2020 reached nearly 400 million euros compared to the pre-pandemic situation. The club says the operating income for last season reached 722 million euros. That was an increase of 10% year-on-year “as the economic effects of the pandemic are gradually subsiding.”