While the financial health of Real Madrid is often taken as an example, here it is clearly called into question. Indeed, the Meringue are accused of a huge mic-mac to hide surreal expenses.
Real Madrid are often praised for managing their expenses well and are one of the few clubs in a positive financial spiral coming out of the 2021 health crisis. However, the reality could be quite different.
We learn through the Telegram that a huge scandal awaits the Meringue in the next weeks. Real reportedly hid €122m in expenses recently.
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It is not yet clear how the 2022 European champion managed to do this or the methods used. On the other hand, the reason would be obvious: Real wanted to pass the controls without problem.
Thus, the Madrid club would have escaped sanctions from La Liga which controls the payroll of its residents. Also, UEFA should have sanctioned the Iberian team for non-compliance with financial fair play. According to the Telegraph survey, this sum of 122 million euros would come from an agreement between Real Madrid and the Providence Private Capital group, thus providing advantages in covering budget deficits. Florentino Pérez reportedly categorizes this as “other operating expenses”.
We will quickly see if these revelations are true and will have consequences. The British media is not able to specify whether this maneuver is legal or not.
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