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About: http://data.cimple.eu/news-article/0f65784a8edc08d45d37c2f392b8d3eebe54eb5bc1c9ff60ecfcb474 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	La Liga champions Real Madrid announced on Wednesday a profit of 313,000 euros ($378,600) for the 2019/2020 financial year, down 38.1 million euros from the previous period. Real predicted they would record revenues of 617 million euros for the coming 12 months despite the coronavirus pandemic. "The impact of Covid-19 has led to a reaction of -13 percent (minus 106 millions euros) in income for the 2019/20 financial year," Real said in a statement. "The club maintains a solid equity situation with a net equity of 553 million euros and treasury of 125 million euros as of 30 June... "2020 revenues of 617 million euros are budgeted in 2020/21, around 300 million euros less than if there had been income growth as in years prior to the pandemic." The record 13-time European champions said salary cuts helped bare the brunt of the outbreak. "In terms of personnel costs, the players and coaches of the first Real Madrid football and basketball squads, together with the main executives of the different club divisions, have voluntarily agreed to lower their remuneration for this year by 10 percent (this reduction would have been 20 percent if the league competition could not have been completed)," the statement said. In October, Madrid's rivals Barcelona announced they were 203 million euros down on financial expectations for the same period and had lost 97 million euros. pve/gr/iwd/jc
schema:headline	Real Madrid profit down 38.1mn euros due to Covid-19
schema:mentions	Stock Real Madrid CF FC Barcelona La Liga Basketball Association football Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Player versus environment
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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