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General Meeting of Shareholders
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The Royal has approved a budget of 160 million euros for the 2025-2026 season

That's a record amount. The Royal, in the year 2024-2025, had a surplus of 16.9 million, and the forecast is to earn another 17.8 million in the year 2025-2026.

Realaren Akziodunen Batzarra.
General Meeting of Shareholders of the Royal. Photo: EFE.

The shareholders of the Royal Society have approved a budget of 160 million euros forthe 2025-2026 season on Wednesday, a record amount despite the fact that the club does not play European competitions this season.

The Board of Directors of the Royal Society, chaired by Jokin Aperribay, has presented to the Kursaal, in San Sebastián, at the General Meeting of Shareholders, the figures for the previous financial year, as well as the budget for the season at stake, with a surplusof 16.9 million for the Royal Society in 2024-2025, with a forecast of another 17.8 million in 2025-2026.

As for the year ended, the current revenue was 126.4 million; the previous year it was 160.5 million, but in 2024-2025 it was not possible to enter the Champions League, but the management of sales and amortizations made it possible to compensate for this lower turnover.

There is no doubt that this has been a brand event for the Royal: the revenue has been the highest in history, at EUR 204.89 million, but the expenditure has also been the highest in history, at EUR 189.4 million.

The sales of Mikel Merino and Robin Le Normand (respectively, to the Arsenal and Atlético de Madrid) gave room for liquidity and manoeuvre, to which must be added the transfer of Martin Zubimendi, which was closed with the accounting closure and which will result in additional revenue of 65 million euros and an advance of 13 million, which the Royal has already collected.

The club, on the other hand, spent a lot on signing Oskarsson, Susic, Sergio Gomez and Javi Lopez, a total of 50 million. The sales balance is positive, 80 million euros, and the Royal has no debt to the credit institutions. 

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