Real Madrid reportedly cutting expenses

2022-09-19T17:12:21+00:00 2022-09-19T17:12:21+00:00.

Giannis Askounis

19/Sep/22 17:12

Eurohoops.net

Budget issues resurface for Real Madrid heading to the 2022-23 editions of the Turkish Airlines EuroLeague and Spain’s Liga Endesa

By Johnny Askounis/ info@eurohoops.net

After failing to meet the budget for the 2021-22 season, reducing wages by 22% is the plan for Real Madrid.

Crunching the numbers was 2Playbook, a sports business Spanish website. As noted, Los Blancos closed the last season with losses of €31M and intend to reduce expenses going into the next season, including a 22% cut in wages. From the €41M of the 2021-22 season, financial management can shorten the 2022-23 budget all the way down to €32M. An income of €18M and losses of €23.6M are additionally projected for the next season.

Preparing for the 2022-23 season in the Turkish Airlines EuroLeague and Spain’s Liga Endesa, the team based in Madrid went from the extremely successful tenure of Pablo Laso to Chus Mateo inking a two-year contract taking over as the new head coach. Coming in were reigning ACB MVP Dzanan Musa, Croatia forward Mario Hezonja, and yet another French big in Petr Cornelie, apart from the reunion with Sergio Rodriguez. Also, Fabien Causeur, Rudy Fernandez, and Sergio Llull all penned contract extensions. Other contracted players are Alberto Abalde, Carlos Alocen, Gabriel Deck, Adam Hanga, Anthony Randolph, Vincent Poirier, Walter Tavares, Nigel Williams-Goss, and Guerschon Yabusele.

Tipping off the next season, Real Madrid will collide with tournament host Coosur Real Betis in the 2022 Supercopa Endesa Semifinals Saturday. Catalan sides FC Barcelona and Joventut will battle it out in the other Semifinal. The Final follows Sunday. Futher heating up the new campaign, ACB and EuroLeague openers.

Photo Credit: EuroleagueBasketball.net