Real Madrid has closed the 2011-12 fiscal year with income totaling €514 million, up by 7 percent from the previous period. It is the first international sports institution ever to cross the symbolic bar of €500 million. The club has topped the list of the wealthiest clubs, established by Deloitte, for seven years now. Sometimes criticized for its level of indebtedness, the club has announced that is has reduced its debt by 26 percent to €275 million. For the 2012-13 season, Real Madrid targets revenues slightly up to €516.6 million and profit stable at €24.4 million.

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