Real Madrid recorded losses of €33 million in its basketball section last season, according to the club's official financial accounts, which will be presented to members on November 21. The deficit is expected to increase to €35 million this season, with projected expenditure rising from the €61 million budget for the 2025-26 campaign to €67.2 million.

That figure could still increase depending on how the squad develops. Injuries and the expected departure of certain players are likely to force the club to make moves in the transfer market in the coming weeks.

With spending projected at around €67 million, Real Madrid will be among the biggest spenders in European basketball, alongside Panathinaikos, whose budget is also close to €70 million, according to the report. Hapoel are expected to spend around €60 million, while Olympiacos and Dubai BC will both exceed €50 million.

By comparison, Baskonia will operate with a budget of €24 million, with its accounts due for approval in December. Valencia Basket, meanwhile, will report expenditure exceeding €35 million, covering both its men's and women's teams. A detailed breakdown is also expected in December.

Most of Real Madrid's projected €67 million expenditure will go towards the first-team squad's salaries, the coaching staff's wages and buyout fees paid for Pedro Martínez and Jaime Pradilla. These costs amount to €44.4 million. Total wage expenditure, including executives and severance payments, is expected to reach €52.7 million.

The club anticipates generating more than €32 million in revenue. Sponsorships will account for over half of that amount, while ticket sales are expected to bring in €6 million and television rights a further €7 million. Despite these revenues, Real Madrid estimates that its basketball section will finish the season with losses of approximately €35 million.

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