real Madrid is recognized as the most loss-making football club in the previous two transfer Windows, according to the study centre CIES Football Observatory. The company has published a report on the transfer balances of the clubs.

According to the documents, in the summer of 2019 and February 2020, the cost of “real” for transfers amounted to 330 million euros, at the same time as earned on the sale of players they only 149 million euros. Thus, the balance amounted to minus EUR 181 million.

the Company is “real” in this rating was the English “Aston Villa” with a minus 169 million euros, and Barcelona. The club from the Catalan capital at the close of 166 million euros.

At the same time, the research center provided and return statistics. The most profitable club in the past two transfer window was Chelsea. “Blue” has sold players for a total amount of 250 million euros, spending only 45 million Londoners in the black for 205 million euros.

the three clubs with a positive balance also includes the Portuguese “Benfica”, which is the difference between spent and earned amounted to 166 million plus, as well as the Dutch “Ajax”. The Amsterdam players in the black by EUR 137 million.