"Real Madrid's accounts are in extremely good condition and will allow them to have one of the best players, Mbappe. Florentino Perez has been preparing for this event for many years. Once Real Madrid owns the top star they want, and spends a huge amount of money, they still ensure that the financial foundation is not affected. Even, it will increase revenue according to the plans outlined," said AS .
Mr. Florentino Perez deserves the title of 'godfather' when determining which star to buy, sooner or later he will own it.
"Real Madrid will sign Mbappe for free, when the 25-year-old French star leaves PSG at the end of the 2023-2024 season and becomes a free agent. However, Real Madrid will pay Mbappe a significant fee called a signing fee along with a generous salary for 5 years (contract term). In total, Real Madrid is expected to invest up to 500 million euros in the Mbappe deal," AS revealed.
"This is a huge amount of money. But Real Madrid have been preparing for this event for many years, thanks to the leadership of Florentino Perez. Real Madrid has 128 million euros in the bank, with a credit line of up to 265 million euros. They also cut the club's salary by 78 million euros in the last financial year.
The Spanish Royal team is also expected to earn about 317 million euros in revenue each season from the Bernabeu stadium, which is about to reopen after a period of reconstruction and is the most modern stadium in Europe. This revenue will be more than double the current income of 150 million euros. Therefore, from a very good and secure financial foundation, Real Madrid has been able to recruit Mbappe easily, in the true "godfather" style of Mr. Florentino Perez", AS expressed.
Mbappe will join Real Madrid this summer
Real Madrid has become a giant business
"As of June 30, 2023, Real Madrid FC announced that it had 1,072 employees. They spent up to 72% of their total income on employee salaries. The European Club Association (ECA) once warned that member clubs could not spend more than 70% of their total income on salaries. Real Madrid FC President Florentino Perez has implemented cuts, but they have not affected the club's employees.
Accordingly, Mr. Florentino Perez focused on cutting the top star players with high salaries. The player salary fund accounts for the majority of Real Madrid's salary fund. That is why players Marcelo, Isco and Gareth Bale all left when their contracts expired. Next are Eden Hazard, Karim Benzema, Marco Asensio and Mariano Diaz also parted ways. Thanks to that, Real Madrid's salary fund has recently decreased significantly, showing that their expenses are at 452 million euros, accounting for 54% of the total income of 843 million euros, significantly lower than last year (it was up to 72%)," AS newspaper assessed.
Real Madrid has become a giant business
"Wage spending has been cut, while the club is simultaneously earning more money. So this is the best time to own Mbappe. Real Madrid President Florentino Perez in recent days, after Mbappe officially confirmed his departure from PSG at the end of the season, confidently announced to his players that: Mbappe is on his way to the Bernabeu.
Real Madrid has also reserved the number 9 shirt for Mbappe. This is the shirt number of striker Benzema since leaving the team last summer, still vacant, just waiting for another French star to replace him, that is Mbappe," AS newspaper confirmed.
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