Real Madrid posts record €1.221bn revenue and plans Mourinho‑led squad overhaul

Real Madrid announced total revenue of €1.221 billion for the 2025/26 season, becoming the first football club to exceed the €1.2 billion mark. The figure includes a €23.5 million reversal of a legal provision linked to a European Commission case and reflects a 3 % increase over the previous year. The club also reported a record EBITDA of €287 million, driven largely by stadium‑related income, which rose to €363 million after the renovation of the Santiago Bernabeu. Despite the stadium’s higher debt—now above €1.1 billion—and a Supreme Court ruling that blocked two nearby parking projects, Madrid remains financially ahead of its rivals.

President Florentino Perez has confirmed the return of José Mourinho as head coach and is preparing a major squad refresh. Recent signings include full‑back Marc Cucurella (potentially £51.8 million) and defender Denzel Dumfries (£17.1 million), with free transfers of Bernardo Silva and Ibrahima Konaté. The club is in advanced talks to acquire Ivory Coast winger Yan Diomande for around £102 million and former Manchester City midfielder Rodri, while a new contract for Vinícius Jr is expected to be finalized.