Atlético Madrid’s Record Revenue Helps Narrow Loss

Atlético Madrid reported record revenue for its 2021-22 campaign despite sustaining another net loss.

The La Liga club recorded $445.7 million in revenue, marking a 19% year-over-year increase, primarily attributed to stadium revenue, which rose from $4.7 million to $64.6 million with the return to live attendance. Atlético Madrid played nearly the entire 2020-21 season without fans. 

The increases did, however, still come with a net loss of $26.9 million, narrowing from the $118.8 million it reported the year prior. The club’s net spend for the season on transfer business was $62.2 million.

Commercial revenue increased 10% year-over-year to $125.3 million and is expected to grow during the 2022-23 season thanks to a new stadium naming rights deal with Civitas reportedly worth roughly $10.7 million annually. 

There’s also a new deal with WhaleFin, though a February report claims the club will lose the agreement, reportedly worth $42.8 million, after the 2022-23 season.

TV rights accounted for more than half the club’s income (57%), generating $255.4 million across all continental and domestic competition.

Atlético Madrid now has the third-highest revenue for Spanish soccer clubs behind Real Madrid and Barcelona.