Reports from The Telegraph yesterday claimed a loophole in Real Madrid’s finances. According to an investigation by the English outlet, the Merengues refuse to explain why 20% of their costs from the last financial year are not accounted for.
The sum in question amounts to around €122 million, and the report claims that Real Madrid’s reluctance to shed light on the expense raises questions about their compliance with Financial Fair Play.
“Madrid has refused to answer specific questions about the nature of those 135 million (with the exception of a 13.6 million allocated to LaLiga and that the 20 clubs are obliged to pay) in payments made through its subcategory “other operating expenses” in the club’s financial results for the year ending June 30, 2022,” the report states.
According to an update provided by COPE, there is no such abnormality in the club’s accounts. Real Madrid boast of one of the best economic balance in Spain and any discrepancy would see Javier Tebas make a move to Florentino Perez pushing for clarity.
Moreover, the club has audited all the accounts with no anomaly being found. The club complies with the information requirements ordered by all the regulations.
The Merengues‘ renovation of the Santiago Bernabeu has necessitated repeated injection of funds from the institution.
A recent agreement with the global investment firm Sixth Street brought Madrid an injection of €360 million in exchange for 30% of the Santiago Bernabeu’s income over the next 20 years.
As it stands, it appears that Real Madrid hold a clean chit on the financial front. Despite Telegraph’s controversial report, there has been little movement in the club offices and very limited backlash from Spanish media.
In either case, the coming week will be critical in evaluating the exact situation. After all, Los Blancos plan to spend over €200 million on Kylian Mbappe’s arrival and cannot afford to lose out on him for FFP sanctions.
Real Madrid rising star suffered against Atletico due to veteran forward’s absence, says Simeone
Real Madrid’s 3-1 defeat to Atletico Madrid was not the first time were in trouble this season. In fact, the Merengues have gone behind early in almost every league game so far.
However, the difference on Sunday night was that they never really mounted a comeback. More importantly, Jude Bellingham did not come good, for the first time.
Simeone unravels the mystery
A jubilant Diego Simeone spoke to the media after his side downed Real Madrid by three goals to one and spoke about a plethora of topics.
Interestingly, he commented specifically on why Bellingham did not have an impact at Civitas Metropolitano, citing the absence of Joselu as a key factor.
“No, the spaces were reduced and I think that Joselu’s lack of presence left him with fewer chances to get there, when he takes advantage of Joselu’s aerial play. We controlled him better, he’s extraordinary,” he said, as quoted by AS.
He even called out the refereeing on the night and insisted that the Real Madrid star-boy should have seen red for his late tackle on Angel Correa, saying:
“It looked like a sending-off to me live, it was a hard leg up, with Angelito hitting the ball.”
Ironically, he defended his defender Jose Maria Gimenez for an equally threatening tackle on the night.
“A bad foul, it’s a yellow card because it goes sideways. Bellingham goes from the front and I think it’s a bit more,” he stated paradoxically.
No time to lament
The game at Civitas Metropolitano may not have gone Real Madrid’s way. Yet, it is good for the Merengues to taste defeat early and see the gaping holes in their dynamic.
Carlo Ancelotti admitted in his press conference that he bore the lion’s share of the fault for Sunday’s loss and that he would have done things differently if given the chance.
“Maybe I could have done it better. It’s pretty clear. When the team doesn’t do what it has to do, it’s my responsibility,” he stated.
Nevertheless, Los Blancos have a hectic schedule ahead with two games in the next five days and a UCL fixture against Napoli next week. With Vinicius Jr back, one hopes they find their mojo once again.