Real Madrid Reveal Gross Debt Is Up To €901 Million

Real Madrid's gross debt has risen to €901 million, in the club's latest figures, leaving them just behind rivals Barcelona in huge debt.

The past year will have affected all football clubs in terms of revenue, with no fans in the stands across Europe since March last year, and it's being shown in the lack of transfer activity in this window.

Even the biggest of clubs aren't immune to the problems and Real have announced some massive debts at their Annual General Meeting.

The Spanish champions have a net debt of €355 million and of that €114 million is attributed to the renovation of the Bernabeu, which has left them playing at the Estadio Alfredo Di Stefano at the moment.

Zinedine Zidane wasn't able to boost his side's chances of retaining the league title with any transfers last summer, which certainly makes sense with the club's finances.

In January Luka Jovic and Martin Odegaard have also been allowed to leave the Bernabeu on short term deals, as the side save money on their wages.

It's no surprise, considering their financial positions, that Real and Barca are two of the sides behind the push for a European Super League, as they attempt to get parity with the rich English sides.