MADRID (Reuters) - Real Madrid closed the 2022-23 financial year with a 11.8 million euro ($13.25 million) profit, the Spanish club said on Monday, around one million euros less than in the previous season despite a higher revenue.
The Spanish club managed to remain in profit over the last four financial years despite the negative impact of the COVID-19 pandemic and the 893 million euros renovation project of their Bernabeu stadium, set to be concluded by the end of 2023.
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