Funny how last year Madrid had to take out a 60mil loan just to cover day to day expenses and it never get's mentioned in their 'financial reports'.
I suppose they'll just get another 'loan' from the council...
We don't need to , we have big assets with the new training ground facility near by land
Well profit/loss includes player sales and we spent quite a bit the summer before when we didn't generate nearly as much revenue. I think there's some smoke and mirrors going on regarding Laporta and our finances, we may well not have taken any loans out but the overdraft may well have been extended. The fact is that we generate consistently massive revenues and they're increasing all the time, whilst we will never embark on madrid-sized spending sprees we are capable of the odd summer splurge.
Not really the season before it you paid Seville 36 Mil for Alves , and before that Henry ..etc
Although you also need to consider that Real the summer before the last one just bought VDV for Peanuts and Sold Robinho for 42 Million Euro , given we bought Lass & Huntelaar in the winter but it still even out without coming near the transfer kit of Summer 08
so it's not like last summer lavish spending was a continuing pattern needless to say we did sold Javi Garcia,Saviola, Robben,Sneijder,Huntelaar,Negredo so our spending is more in the region of 150 Mil