Real Madrid revealed they have lost "close to €300million" in revenue during the coronavirus pandemic as their financial results were announced on Wednesday.
However, Los Blancos reported a post-tax profit of €874,000 for 2020-21, up from €313,000 in the previous financial year.
"In this way, the club will be one of the few big clubs in Europe that does not incur losses in these two years, given that – according to a UEFA study – the operating losses accumulated by European clubs between 2019-20 and 2020-21 will approach €6billion," Madrid said.
A statement attributed the club's financial performance to "intense spending saving measures in all areas".
These measures, Madrid said, were the only way to compensate for a sizeable nine-figure revenue loss, "to which we would have to add the loss of new income that could have been achieved if the pandemic had not existed."
The 13-time European champions did not make a single first-team signing in the 2020-21 season while selling Achraf Hakimi and Sergio Reguilon and allowing James Rodriguez to leave.
Further big names are following this year, with Sergio Ramos departing after claiming a contract offer was withdrawn and Raphael Varane widely linked to Manchester United.
However, Madrid are not considered to be in as tricky a situation as rivals Barcelona, who are closing on a new deal for Lionel Messi but must first clear room under their salary cap.
And Los Blancos – whose Santiago Bernabeu stadium is under renovation, with the team playing elsewhere during the pandemic – continue to be linked with high-profile moves for the likes of Kylian Mbappe.
But the final line in Madrid's financial report appeared to rule out sudden significant expenditure.
"With regard to the economic situation, current forecasts indicate that the recovery from the pre-pandemic situation will not be immediate," the club said.
"In this context, the club will continue in the effort so far to contain spending."
Nashville SC v San Jose Earthquakes: ‘A win would change everything’ - Godoy
Anibal Godoy insists that Nashville are already looking at their game against San Jose Earthquakes on Saturday as a must-win.
Nashville have won just once in the MLS this season and sit in 14th place in the Eastern Conference after a run of four without a win.
The Earthquakes, meanwhile, are bottom of the Western Conference having lost eight of their matches and recording just one win.
Godoy is aware of how their poor start to the season could affect their playoff hopes later down the line but is confident that Nashville can turn things around.
He said: “For us, it's an important week. It's a day we have to win, or we'll start to feel the pressure from other teams as they start to separate in the table.
“This league is long but if we want to get to the playoff you have to win games early on, especially at home.”
Liverpool agree compensation deal for Slot
Liverpool and Feyenoord have reached an agreement in principle over a compensation deal for Arne Slot to become the Reds’ manager next season, according to widespread Dutch media reports.
The Dutchman is reportedly poised to take over from Jurgen Klopp, who announced in January that he would be leaving the club at the end of the campaign.
Slot led Feyenoord to their second Eredivisie title last season after taking over the club in 2021.
It is believed that he topped the list of Liverpool’s favoured candidates due to his attacking playing style and ability to develop players.
Former Liverpool midfielder, Xabi Alonso, who led Bayer Leverkusen to their first Bundesliga title, and Sporting CP’s Ruben Amorim were also reported contenders to take over from Klopp.
Slot had already confirmed his interest in managing in the Premier League, both earlier this week and previously when he was linked to Tottenham in 2023.
QPR 4-0 Leeds United: Shock loss for Farke's men seals Leicester's promotion
QPR thrashed Leeds United 4-0 in the Championship on Friday, ensuring Leicester City booked their promotion straight back to the Premier League.
Ilias Chair was the star for the Hoops as he scored the opener and assisted two more goals to ensure QPR will stay in the Championship for another season.
Lucas Andersen, Lyndon Dykes and Sam Field also got their names on the scoresheet in an emphatic win for Marti Cifuentes' side.
Leeds' heaviest defeat of the season was a huge blow in the race for an automatic promotion spot, with Ipswich Town just one point behind them in third place with two games in hand going into their away clash against Hull City on Saturday.
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