Real Madrid has an additional $212 million transfer budget

The Spanish Royal Football Team has just announced its financial report for the 2016-2017 season with positive numbers.

Real's cash balance last season reached $212 million, the second highest in the club's history.

This money could have been used to buy players in the summer but Real did not make any big signings. Real's transfer budget remains high, which could be used to buy a big star next season, if necessary.

Real are in an ideal state both in terms of sporting results and business, with consecutive successes on the pitch and a stable financial foundation.

Last season Real was again successful professionally, winning the La Liga and Champions League double. Real's revenue therefore increased by 8.8% compared to the 2015-2016 season, reaching 805 million dollars.

Pre-tax profit was $165 million, less than the previous season because of bonuses. After-tax profit was $25.5 million.

For two consecutive seasons, the Madrid club has been debt-free. Last season's net debt was -12.3 million dollars.

Real's board of directors predicts that by the end of the 2017-2018 season, the club's revenue could increase to $824 million, with pre-tax profits possibly doubling compared to the previous season.

According to VNE