Real Madrid remain heavily in debt, new financial records confirm.
AS reports Real Madrid's gross debt is €602 million, according to the figures (for the financial year ended 30 June 2014) provided to members by the club, who have to approve the accounts tomorrow morning in the club's General Assembly.
The total debt of €602 million is the total amount the club owes, both to the banks and creditors (suppliers, other clubs, tax and other public authorities...) Last year the equivalent figure was €541 million, meaning 2013-14 saw an increase of 11.3% in the money owed by the club.
Of the €602 million, €75 million is due to the banks and €241 million long-term debt. The remainder of 361 million is short-term debt (falling due within one year) and that's where one of the club's issues lies, because short-term creditors (those who owe money to the club falling due within one year) is just €267 million, €94 million less than the amount the club has to pay in the same period.
The club though dealt with the same situation last year when they also had negative working capital, of €100 million.
