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Annual Report 2012 / 2013 Real Madrid C. F.

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Real Madrid
2012 / 2013
Annual Report
AF_M_Rm_InformeAnual_2012_13_Portada_Lomo_Contra_ENG.indd 1-3 13/09/13 16:57
Table of Contents
Annual Report 2012 / 2013
06 Letter from the President
08 Football
40 Basketball
60 Members
78 Equity
90 Revenue
142 Communications, media and content
156 Realmadrid Foundation
182 Real Madrid University School - Universidad Europea
188 Veterans
194 Financial Report
210 Corporate Responsibility Report
Dear Members,
All of you are part of the most prestigious sporting institution in the world. You are undoubtedly
the people that are principally responsible for our legendary club and the guardians of
the principles that have made it such a universal team. Thank you again for your trust in
granting me the enormous responsibility of leading Real Madrid.
I face this new era, together with the other Members of the Board, with the conviction that
we have strengthened our club more than ever before, in difficult times and with the desire
for all Real Madrid Fans to remain united in the quest for victory.
At Real Madrid, we all know that our permanent desire to win is part of our lives. As children,
we learn that nothing is impossible and we work every day with the same intensity and belief.
We want our club to be strong in all areas, so it can compete with the best and preserve
the essence of the institution of Real Madrid.
Our strategy is therefore to continue building a powerful team, capable of winning everything
it aims for and therefore fulfil your expectations. It is based on a model that has enabled us
to become leaders in the world of football, a model we learned from our forbearers, which
combines the desire to win with respect, hard work, creativity, talent, honesty, solvency
and our ever-present values.
In times of global crisis, our institution has been able to further strengthen its financial
position, one of the key factors that will enable us to continue being leaders in our field.
Financial independence and the unity of our members has been the basis of our institutional
stability, which is essential to continue growing the legend of Real Madrid.
A modernized and spectacular Santiago Bernabu stadium and the completion the amazing
Real Madrid City will also be our major challenges in coming years, in addition of course
to our constant efforts for more sports titles.
We want you to always be proud of Real Madrids accomplishments, because you are its
heart and soul.
111 years of history of the Best Club in the 20th Century represent a vast and challenging
responsibility for all of us. 111 years of a legend that leads the way. We will always be loyal
to our history, who we are and our place in this world.
Thank you for your loyalty and commitment.
Letter from the President
Fl orenti no Prez
MANAGEMENT BOARD
Honorary President
Alfredo Di Stfano
President
Florentino Prez
First Vice-President
Fernando Fernndez Tapias
Second Vice-President
Eduardo Fernndez de Blas
Third Vice-President
Pedro Lpez Jimnez
Secretary
Enrique Snchez Gonzlez
Members
ngel Luis Heras Aguado
Santiago Aguado Garca
Luis Gmez-Montejano y Arroyo
Jernimo Farr Muncharaz
Enrique Prez Rodrguez
Manuel Cerezo Velzquez
Pedro Lpez Jimnez
Jos Snchez Bernal
Luis Blasco Bosqued
Gumersindo Santamara Gil
Ral Ronda Ortiz
Jos Manuel Otero Lastres
Nicols Martn-Sanz Garca
Table of Contents
FOOTBALL
08
First Team
2012/13 Season
Results
The Academy
Pre-season
Table of Contents
11 10 11 10
Jos Mourinho
Coach
Iker Casillas Raphal Varane Kpler Laveran
Pepe
Rui Faria
Assistant coach
Antonio Adn Sergio Ramos Fbio Coentro
Silvino Louro
Goalkeeper coach
Diego Lpez Ricardo Carvalho Marcelo Vieira
Miguel Porlan
Chendo
Delegate
Jess Fernndez lvaro Arbeloa
Nacho Fernndez
Ral Albiol
Aitor Karanka
Second coach
Luis Campos
Assistant coach
Jos Morais
Assistant coach
Coaches Defenders Goalkeepers
First Team
2012 / 2013
Cristiano Ronaldo Karim Benzema Sami Khedira Ricardo Kak Mesut zil
Gonzalo Higuan lvaro Morata Xabi Alonso Michael Essien Luka Modric
Jos Callejn ngel di Mara
Midelders Forwards
Real Madrid C. F.
Annual Report 2012 / 2013
Football
Table of Contents
13 12
fter its victory in the League of Records in
2011/12, the whites earned the right to com-
pete for the Spanish Supercopa. In the home
and away matches against Barcelona, Real
Madrid fans finally gained their ninth Superco-
pa, after winning 2-1 in the return match at the
Santiago Bernabu. In the Champions League, Real Madrid
reached the semi-finals for the third consecutive year, after
excellent performances, eliminating teams such as Man-
chester United, only to be one goal away from the final. In
the League Championship, Real Madrid was runner-up;
in the Copa del Rey, after eliminating Valencia and Barce-
lona, the title slipped away in extra time.
A
2012 / 2013
Season
Real Madrid C. F.
Annual Report 2012 / 2013
Football
REAL MADRID, SPANISH
SUPERCOPA CHAMPION
Table of Contents
15 14
Real Madrid began the
2012-2013 season with
the same group of players
that had won the League of
Records the previous year.
Modri and Essien were
the only reinforcements in
a squad that also included
Academy players Morata,
Jess Fernndez and Nacho.
As current First Division
Champions, Real Madrid
played for the Spanish
Supercopa against the win-
ner of the Copa del Rey,
Barcelona. The two teams
met in an exciting final in
which Real Madrid was to
be victorious. In the away
match, the team led by Jos
Mourinho travelled to Camp
Nou and, after a goal-less
first half, Cristiano Ronaldo
put the first on the board
with a great header. Barce-
lona equalized, but close to
the end, Di Mara made it
3-2 that left everything up
to the return match at the
Santiago Bernabu.
The Santiago Bernabu coli-
seum turned on a gala event
to welcome the Barcelona
and Real Madrid showed
its class and desire to win
in front of its loyal fans.
In a first half completely
dominated by Real Madrid,
Higuan and Cristiano Ron-
aldo scored to turn the tide
and come out 2-1 winners.
The Ninth Supercopa stood
in the Real Madrid trophy
room, after a memorable
debut by Modri.
In the Champions League,
the Whites drew Group D,
called the group of death,
together with three other
Real Madrid C. F.
Annual Report 2012 / 2013
Football
MAGNIFICENT IN THE FIRST HALF, REAL MADRID
TURNED THE AWAY RESULT AROUND AT THE SANTIAGO
BERNABEU, BY DEFEATING BARCELONA 2-1 TO WIN
THE SPANISH SUPERCOPA
Table of Contents
17 16
THE REAL MADRID
TEAM, WINNERS
OF THE SPANISH
SUPERCOPA
Table of Contents
19 18
champions of their respec-
tive leagues: Borussia Dort-
mund, Manchester City and
Ajax. After three wins, two
draws and one defeat, Real
Madrid went through as
second in its group. In the
last eight, the Whites were
to take part in the best finals
of the round against Man-
chester United. In the first
match at the Santiago Ber-
nabu, an amazing header
by Cristiano Ronaldo made
it 1-1 and it was all up to the
game at Old Trafford to go
through to the next round.
Real Madrid did not disap-
point its fans. The players
took on the Dream Theatre
to equalise the home teams
first goal and go one ahead
with goals by Modri and
Cristiano. Galatasaray was
the next to fall in the quarter
finals, but in the semi-finals,
it was to be Borussia Dort-
mund that stood in the way
of Real Madrids quest to
reach the final, despite its
IN THE COPA DEL REY, THE WHITES
REACHED THE FINAL AFTER ELIMINATING
ALCOYANO, CELTA, VALENCIA AND
BARCELONA, WHICH IT DEFEATED 1-3
AT CAMP NOU.
Valencia was easily beaten
as Real Madrid joined the
other three best in the
competition. Waiting in the
semi-finals was Barcelona
and the Whites gave a true
lesson in overcoming ad-
versity by winning the return
match at Camp Nou 1-3,
after the 1-1 home result.
Cristiano was again the star,
scoring two of the goals.
Young Varane also shone
with a fine performance in
defence. The French central
defender also helped his
team to reach the final with
two headers into the back
of the net. Real Madrid took
excellent performance at
home at the Santiago Ber-
nabu (2-0), only one goal
away from its objective.
The Copa del Rey began in
Alcoy in a last sixteen match
in which Real Madrid was
clearly superior. Academy
player Jos Rodrguez made
his debut in the away match
(1-4) and even scored. He
would later play in the
League and Champions
League. The last eight was
decided at the Bernabu
(4-0) after a hard fought
defeat away at Balados
by Celta de Vigo (2-1) and
Table of Contents
21 20
the lead in the final against
Atltico de Madrid with an
excellent goal by Ronaldo,
however Diego Costa equal-
ised. Despite having domi-
nated the game and creating
the best chances, including
three shots that hit the post,
Real Madrid was unable to
win back-to-back titles and
lost in extra time.
In the League, Real Madrid
was runner-up, finishing as
the team with the most vic-
tories at home of any team
in the top five European
league competitions and
the first team in the history
of the competition to reach
5,500 goals, 4,000 points
and 1,000 home wins. In
the second half of the sea-
son, Real Madrid played 16
consecutive games without
defeat, 13 wins and three
draws, to finish with 103
goals in the competition.
Castilla players Casemiro,
Fabinho and Omar, as
well as Real Madrid C
player Llorente, made their
debut with the first team.
Real Madrid C. F.
Annual Report 2012 / 2013
Football
REAL MADRID IS THE FIRST TEAM IN HISTORY TO
REACH 5,500 GOALS, 4,000 POINTS AND 1,000
LEAGUE VICTORIES AT HOME.
Table of Contents
23 22
IN THE CHAMPIONS
LEAGUE, REAL
MADRID ELIMINATED
MANCHESTER
UNITED IN THE
LAST EIGHT, WITH
A 1-2 VICTORY AT
OLD TRAFFORD
THEN DEFEATING
GALATASARAY IN
THE QUARTER FINALS
Table of Contents
25 24
ROUND DATE MATCH RESULT SCORERS
1 19/08/2012 Real Madrid -Valencia 1-1 Higuan
2 26/08/2012 Getafe - Real Madrid 2-1 Higuan
3 02/09/2012 Real Madrid - Granada 3-0 Ronaldo (2) and Higuan
4 15/09/2012 Sevilla - Real Madrid 1-0
5 24/09/2012 Rayo Vallecano - Real Madrid 0-2 Benzema and Ronaldo
6 30/09/2012 Real Madrid - Deportivo de La Corua 5-1 Ronaldo (3), Di Mara and Pepe
7 07/10/2012 Barcelona - Real Madrid 2-2 Ronaldo (2)
8 20/10/2012 Real Madrid - Celta de Vigo 2-0 Higuan and Ronaldo
9 28/10/2012 Mallorca - Real Madrid 0-5 Higuan (2), Ronaldo (2) and Callejn
10 03/11/2012 Real Madrid -Zaragoza 4-0 Higuan, Di Mara, Essien and Modric
11 11/11/2012 Levante - Real Madrid 1-2 Ronaldo and Morata
12 17/11/2012 Real Madrid - Athletic Club 5-1 Ramos, Benzema, zil, Khedira
and Aurtenetxe (p.p.)
13 24/11/2012 Betis - Real Madrid 1-0
14 01/12/2012 Real Madrid - Atltico de Madrid 2-0 Ronaldo and zil
15 08/12/2012 Valladolid - Real Madrid 2-3 Benzema and zil (2)
16 16/12/2012 Real Madrid - Espanyol 2-2 Ronaldo and Coentro
17 22/12/2012 Mlaga - Real Madrid 3-2 Benzema and Sergio Snchez (p.p.)
18 06/01/2013 Real Madrid - Real Sociedad 4-3 Benzema, Khedira and Ronaldo (2)
19 12/01/2013 Osasuna - Real Madrid 0-0
20 20/01/2013 Valencia - Real Madrid 0-5 Higuan, Di Mara (2) and Ronaldo (2)
21 27/01/2013 Real Madrid - Getafe 4-0 Ramos and Ronaldo (3)
22 02/02/2013 Granada - Real Madrid 1-0
23 09/02/2013 Real Madrid - Sevilla 4-1 Ronaldo (3) and Benzema
24 17/02/2013 Real Madrid - Rayo Vallecano 2-0 Morata and Ramos
25 23/02/2013 Deportivo de La Corua - Real Madrid 1-2 Kak and Higuan
26 02/03/2013 Real Madrid -Barcelona 2-1 Benzema and Ramos
27 10/03/2013 Celta de Vigo - Real Madrid 1-2 Ronaldo (2)
28 16/03/2013 Real Madrid - Mallorca 5-2 Higuan (2), Ronaldo, Modric and Benzema
29 30/03/2013 Zaragoza - Real Madrid 1-1 Ronaldo
30 06/04/2013 Real Madrid - Levante 5-1 Higuan, Kak, Ronaldo and zil (2)
31 14/04/2013 Athletic Club - Real Madrid 0-3 Ronaldo (2) and Higuan
32 20/04/2013 Real Madrid - Betis 3-1 zil (2) and Benzema
33 27/04/2013 Atltico de Madrid - Real Madrid 1-2 Di Mara and Juanfran (p.p.)
34 04/05/2013 Real Madrid - Valladolid 4-3 Di Mara, Ronaldo (2) and Kak
35 11/05/2013 Espanyol - Real Madrid 1-1 Higuan
36 08/05/2013 Real Madrid - Mlaga 6-2 Albiol, Ronaldo, zil, Benzema,
Modric and Di Mara
37 26/05/2013 Real Sociedad - Real Madrid 3-3 Higuan, Callejn and Khedira
38 01/06/2013 Real Madrid - Osasuna 4-2 Higuan, Essien, Benzema and Callejn
BBVA League
Statistics
Real Madrid C. F.
Annual Report 2012 / 2013
Football
GOALSCORERS Ronaldo 34 / Higuan 16 / Benzema 11 / zil 9 / Di Mara 7 / Sergio Ramos 4
Callejn, Khedira, Kak and Modric 3 / Essien and Morata 2 / Albiol, Pepe and Coentro 1
Table of Contents
27 26
ROUND DATE MATCH RESULT SCORERS
Group Phase 18/09/2012 Real Madrid - Manchester Citand 3-2 Marcelo, Benzema and Ronaldo
Group Phase 03/10/2012 Ajax - Real Madrid 1-4 Ronaldo (3) and Benzema
Group Phase 24/10/2012 Borussia Dortmund - Real Madrid 2-1 Ronaldo
Group Phase 06/11/2012 Real Madrid - Borussia Dortmund 2-2 Pepe and zil
Group Phase 21/11/2012 Manchester Citand - Real Madrid 1-1 Benzema
Group Phase 04/12/2012 Real Madrid - Ajax 4-1 Ronaldo, Callejn (2) and Kak
Final eight 13/02/2013 Real Madrid - Manchester United 1-1 Ronaldo
Final eight 05/03/2013 Manchester United - Real Madrid 1-2 Modric and Ronaldo
Quarter Finals 03/04/2013 Real Madrid - Galatasaray 3-0 Ronaldo, Benzema and Higuan
Quarter Finals 09/04/2013 Galatasaray - Real Madrid 3-2 Ronaldo (2)
Semifinals 24/04/2013 Borussia Dortmund - Real Madrid 4-1 Ronaldo
Semifinals 30/04/2013 Real Madrid - Borussia Dortmund 2-0 Benzema and Sergio Ramos
ROUND DATE MATCH RESULT SCORERS
Final sixteen 31/10/2012 Alcoyano - Real Madrid 1-4 Benzema (2), Kak and Jos Rodrguez
Final sixteen 27/11/2012 Real Madrid - Alcoyano 3-0 Di Mara and Callejn (2)
Final eight 12/12/2012 Celta de Vigo - Real Madrid 2-1 Ronaldo
Final eight 09/01/2013 Real Madrid - Celta de Vigo 4-0 Ronaldo (3) and Khedira
Quarter Finals 15/01/2013 Real Madrid - Valencia 2-0 Benzema and Guardado (p.p.)
Quarter Finals 23/01/2013 Valencia - Real Madrid 1-1 Benzema
Semifinal 30/01/2013 Real Madrid - Barcelona 1-1 Varane
Semifinal 26/02/2013 Barcelona - Real Madrid 1-3 Ronaldo (2) and Varane
Final 17/05/2013 Real Madrid - Atltico de Madrid 1-2 Ronaldo
DATE MATCH STADIUM RESULT SCORERS
24/07/2012 Oviedo - Real Madrid Nuevo Carlos Tartiere 1-5 Lucas, Cherandshev, Granero and Di Mara (2)
27/07/2012 Benfica - Real Madrid Da Luz 5-2 Callejn (2)
03/08/2012 L. A. Galaxy - Real Madrid Home Depot Center 1-5 Higuan, Di Mara, Callejn, Morata and Jes
06/08/2012 Real Madrid - Santos Laguna Sam Boyd Stadium 2-1 Xabi Alonso and Khedira
09/08/2012 Real Madrid - Milan Yankee Stadium 5-1 Di Mara, Ronaldo (2), Sergio Ramos and Callejn
11/08/2012 Real Madrid - Celtic de Glasgow Lincoln Financial Field 2-0 Callejn and Benzema
EDITION DATE MATCH RESULT SCORERS
X X X I V 26/09/2012 Real Madrid - Millonarios 8-0 Kak (3), Callejn (2), Morata (2) and Benzema
UEFA Champions League
Copa del Rey
Pre-season games and friendlies
Santiago Bernabu Trophy
GOALSCORERS Ronaldo 12 / Benzema 5 / Callejn 2 / zil, Higuan, Modric, Marcelo, Pepe, Sergio Ramos and Kak 1
GOALSCORERS Ronaldo 6 / Benzema 5 / Callejn and Varane 2 / Khedira, Di Mara, Kak and Jos Rodrguez 1
Real Madrid C. F.
Annual Report 2012 / 2013
Football
Table of Contents
29 28
eal Madrid Castilla finished in eighth position,
the best affiliate team in Spain; Real Madrid C,
fifth, achieved the best result in its history in
the Second Division B. The Under-18 A team
won the Kings Cup for the first time in 20
years. The three Under-18 teams, Under-16
B, Under-14 A, the two Under-12 teams, Under-10 and the
Junior Under-10 teams all won their respective competitions.
Real Madrid was the club that contributed the highest num-
ber of players to the three national youth teams.
The Academy
2012 / 2013
Real Madrid C. F.
Annual Report 2012 / 2013
Football
AN EXCELLENT YEAR
FOR THE REAL MADRID
AFFILIATE
R
Table of Contents
31 30
The best affiliate team in
Spain was Real Madrid Cas-
tilla, which finished eighth
in the Second Division. The
team, coached by Alberto
Toril, returned to the Span-
ish Second Division, scoring
80 goals and breaking its
record number of 69 scored
by the legendary team that
won the Second Division in
1983/84. Forward Jes was
the highest goal scorer in
the history of Castilla in the
Second Division. The Ca-
nary Islands player scored
22 goals, breaking the the
record of 21 held by Emilio
Butragueno in 1983/84.
Real Madrid C finished
the season in fifth posi-
tion, its best ever result in
the Second Division B. The
team, led by Jos Manuel
Daz adapted well to its
promotion in a competition
in which it had not played
since 1996-1997. The Un-
der-18 A team again wrote
its name in the Kings Cup
record books, after defeat-
CASTILLA BROKE ITS HISTORIC RECORD
NUMBER OF 80 GOALS IN THE SECOND
DIVISIONAL, 22 OF WHICH WERE
SCORED BY JES, BEATING THE RECORD
OF 21 SET BY BUTRAGUEO IN THE
83/84 SEASON
ing Athletic 0-4. The victory
was celebrated by Real Ma-
drid fans for the first time in
20 years. Luis Miguel Ramis
team finished off a great
season, also winning the
title in Group 5 of the Divi-
sion of Honour.
In addition to Under-18
A, the two other Under-18
teams, Under-16 B, Un-
der 14 A, the two Under-12
teams, Under-10 and the
Junior Under-10 teams were
all champions of their re-
spective competitions.
Further proof of the extraor-
dinary performances by
our Academy last season
is that Real Madrid was the
club that contributed the
highest number of players
to the three national youth
teams. Spain Under-21s,
recently proclaimed Euro-
pean Champions, included
Carvajal, Nacho and Morata
(Highest Scorer in the Tour-
nament, as he was in Under-
19s European Cup); in the
Under-20 team, Jes, Derik,
Llorente and Rubn Ynez
were chosen; and in the
Under 19s, Jos Rodrguez,
Herrero, Ral de Toms,
Jaime Snchez, lvaro Me-
drn and Lucas Torr were
from Real Madrid.
Real Madrid Castilla was the
best Affiliate team in Spain,
after Finishing eighth in the
Second Division.
Real Madrid C finished the
season fifth, its best ever result,
in the Second Division B.
Table of Contents
33 32
Academy Results
Real Madrid C. F.
Annual Report 2012 / 2013
Football
Real Madrid Castilla
8th position in the Adelante League
Best afliate team in Spain
Real Madrid C
5th in Group I of Second Division B
Best result in history by RM C
In the Second Divison B
Under-18 A
Group 5 Champions of Under-18
Division of Honour
Winner of the Kings Cup
Winner ofthe Ourense Memorial Tournament
Under-18 B
National League Group 12 Champion
Under-18 C
Winner of Group 1 of Regional U-18 Division
Winner of La Espiga Trournament
Winner of the 2013 Puskas Suzuki Cup
Under-16 A
Runner-up in Group 1 of the Regional
U-16 Division
Winner of the Cabanillas Tournament
Winner of the Juan Antonio Pomares
Tournament in Lloret de Mar
Winner of the Malbo Tournment
Under-16 B
Group 1 Champion in the U-16
Preferente League
Winner of the Nike Cup (National Phase)
Winner of the Juanito Tournament
Winner of the Maltin Polar Tournament
in Venezuela
Under-14 A
Group 1 Champion of U-14 Division of Honour
Winner of Arnedo Tournament
Winner of Francisco de Goya Tournament
Under-14 B
Third place in Group 2 of U-14
Division of Honour
Winner of Focus Gol Tournament in Mallorca
Winner of Flavio Protti-Rimini Memorial
Tournament (Italy)
Winner of San Jos Tournament
Under-12 A
Group 1 Champion of U-12 Regional
First Division
Under-12 B
Group 2 Champion of U-12 Regional
First Division
Winner of the Canillas Tournament
Under-10 A
Group 28 Champion of Madrid U-10
Football Seven
Runner-up in Final Phase of Madrid
U-10 Championship
Winner of San Nicasio Tournament
Winner of 2012 Fair Play Cup in Elche
Winner of 2013 Trillo Cup
Winner of City of Xilxes Tournament
Winner of La Poveda Tournament
Under-10 B
Third place in Group 28 of Madrid U-10
Football Seven
Winner of the Torrijos Tournament
Winner of the Amancio Amaro Tournament
Junior Under-10
Group 21 Champion of Madrid U-10
Football Seven
Winner of in Final Phase of Madrid U-10
Championship
Winner of Torneo de Reyes Tournament
in Las Rozas
Winner of Estrella Tournament in Mstoles
Winner of Espartales Sur Tournament
The Under-18 A team celebrates the first Kings Cup in 20 years.
Table of Contents
35 34
eal Madrids pre-season again showed that
it is a truly universal club. The United States,
host of the fourth consecutive visit by Real
Madrid and for the fourteenth time in its
history, again paid homage to a team that
continues to increase its legions of loyal fans
in this part of the world. A simple glance at the enormous
number of fans waiting for the Real Madrid players before
and after every training session was evidence of how much
Soccer has developed. For the second consecutive year,
Real Madrid won the World Football Challenge, after victo-
ries in all its four games. The fans warmly received the team
at each and every training session and match.
R
2012 / 2013
Pre-season
Real Madrid C. F.
Annual Report 2012 / 2013
Football
REAL MADRID AND
THE UNITED STATES:
A GROWING PASSION
Varane, during a training seesion at the UCLA Campus facilities (Los Angeles, United States).
Table of Contents
37 36
Real Madrids 2012-13
season began on 16 July at
Sports City in Valdebebas,
where the players worked
intensely for a week, without
the European Championship
players or Marcelo, called
to Brazil for the Olympic
Games, before taking on
the pre-season friendlies.
The first match was against
Oviedo at the Carlos Tar-
tiere Stadium, where the
Whites won 1-5.
Lisbon was the next venue
in the teams pre-season
preparation. The Whites
took on Benfica at the Da
Luz Stadium in the Eusebio
Cup. The local team won 5-2.
The United States was the
next pre-season stage, for
the third consecutive year
held at the UCLA Campus
facilities. The first game
was played at the Home
Depot Center against Los
Angeles Galaxy and Real
Madrid dominated, easily
winning 1-5.
Real Madrid C. F.
Annual Report 2012 / 2013
Football
Table of Contents
39 38
Three days later Real Ma-
drid visited Las Vegas for
the first time to play Santos
Laguna at the Sam Boyd
Stadium. The Whites
defeated the Mexican
Team 1-2.
The third match was against
Milan at the Yankee Sta-
dium in New York. Real
Madrid beat the second
most successful club in
Europe 5-1.
The last friendly was played
on 11 August against
Glasgow Celtics. The whites
won 2-0 and finished off a
perfect pre-season. The
scenario was the Lincoln Fi-
nancial Field in Philadelphia.
Stars in an NFL
pre-season match
The Real Madrid players
also had time to enjoy other
sports. In Los Angeles, after
a training session on the
pitch at UCLAs North Ath-
letic Field, they took part in
a baseball training session,
some even trying their hand
at batting and with the glove.
A few days later, in Phila-
delphia, it was American
Football. Cristiano Ronaldo
and Sergio Ramos, amongst
others, put into practice the
advice received from profes-
sional players. But the main
course came the follow-
ing day, when Real Madrid
was invited to a pre-season
game between the Philadel-
phia Eagles and the Pitts-
burgh Steelers, both teams
competing in the NFL. The
players watched the match
live at the Lincoln Financial
Field and during the half-
time break, Arbeloa, Xabi
Alonso and Sergio Ramos,
amongst others, kicked balls
into the crowd.
Real Madrid C. F.
Annual Report 2012 / 2013
Football
Table of Contents
BASKETBALL
40
First Team: Players
2012/13 Season
Facts and Figures
Basketball Academy
Table of Contents
43 42 43
First Team
2012 / 2013
Pablo Laso
Coach
Sergio Rodrguez
Point Guard
Dontaye Draper
Point Guard
Sergio Llull
Shooting Guard
Jos Ramn
Cuspinera
Assistant Coach
Jaycee Carroll
Forward
Martynas Pocius
Forward
Rudy Fernndez
Small Forward
Carlos Surez
Small Forward
Nikola Mirotic
Power Forward
Felipe Reyes
Power Forward
Rafael
Hettsheimeir
Centre
Guillermo
Hernangmez
Centre
Marcus Slaughter
Centre
Mirza Begic
Centre
Hugo Lpez
Assistant Coach
Juan Jess
Trapero
Physical Trainer
Coaches Players
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
Table of Contents
45 44
eal Madrid returned as the leader of Spanish
Basketball by winning the Endesa League for
the 31
st
time in its history in fast, attacking and
spectacular style. The League title, together
with the Spanish Supercopa and being
runners-up in the European Championship,
with an excellent performance, culminated in one of the best
Real Madrid seasons in recent years, thrilling its fans and
lovers of basketball.
2012 / 2013
Season
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
REAL MADRID BASKETBALL
TEAM ENDESA LEAGUE
CHAMPION
R
Table of Contents
47 46
Table of Contents
49 48
League Champions
In the Endesa League, Real
Madrid had a spectacular
start to the season, with 14
consecutive wins, to finish
on top after the home and
away games.
Pablo Laso was named best
coach and Nikola Mirotic
MVP. Sergio Rodrguez was
also included in the 2012/13
ideal five as the best point
guard, Rudy Fernndez
as best small forward and
Nikola Mirotic as the best
power forward.
In the quarter finals of the
play-offs, the team came
up against Blusens Monbus,
easily winning 2-0. In the
semi-finals, Real Madrid
defeated CAI Zaragoza.
The Whites gave the Maos
no chance at all and went
into the final with a (3-0)
record, playing fast and
effective basketball.
In the final, Real Madrids
rival was to be F. C. Barce-
lona Regal.
After a 2011/12 season that
brought the Copa del Rey to
the Real Madrid trophy room,
Real Madrid reinforced its
team in the best way pos-
sible with Rudy Fernndez
and Dontaye Draper to
complete an extraordinary
line-up outside the ring,
with Marcus Slaughter and
Rafael Hettsheimeir join-
ing to reinforce the inside.
In addition, small forward
Tremmell Darden signed with
Real Madrid in the month of
March to replace the injured
Martynas Pocius.
Winners of the Supercopa
Real Madrid began the
2012/13 season by brilliantly
achieving the first title at
stake: the Endesa Supercopa
in Zaragoza, defeating the
host CAI Zaragoza 64-72. In
the final, Rudy was chosen
as MVP and Real Madrid
demolished F. C. Barcelona
Regal 84-95, winning the
trophy for the second
time. In the Copa del Rey,
Real Madrid reached the
quarter finals.
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
Table of Contents
51 50
The Endesa League title
was to be decided in the
fifth match, played on
19 June at the Community
of Madrid Sports Palace.
With a stadium packed
with 12,400 fans cheering
their team on, Real Madrid
left no room for doubt
and put in an amazing
performance.
With the final scoreboard
showing 79-71, Real Madrid
won its 31st League Title.
With this amazing victory,
Real Madrid went through to
the Final Four to be played
in London, the most impor-
tant competition in Euro-
pean Basketball. Awaiting
in the semi-final was F. C.
Barcelona Regal. After a
hard fought match, Real
Madrid finally came out on
top, winning 67-74 and
taking the club to its first
Euroleague final since 1995.
Its rival was Olympiacos
and despite the 100-88
Felipe Reyes was named
MVP in the final and Pablo
Laso Coach of the Year.
Euroleague Runner-up
after a great performance
Real Madrid qualified
for the final of the Eurole-
ague for the first time in
18 years.
In the quarter final playoffs,
it was all tied with Maccabi
Electra, who were no match
for Real Madrid, in a re-
sounding 3-0 result.
final defeat, Real Madrid
had again fought for the
most important title in Eu-
rope, demonstrating to all
that it had returned as one
of the heavyweights in
European Basketball.
Table of Contents
53 52
Endesa League
Facts and Figures
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
ROUND MATCH RESULT
Regular Phase
1 Real Madrid - Unicaja 79 - 64
2 Blancos de Rueda Valladolid - Real Madrid 75 - 100
3 Real Madrid - Mad-Croc Fuenlabrada 100 - 79
4 C.B. Canarias - Real Madrid 86 - 88
5 Real Madrid - Caja Laboral 83 - 81
6 UCAM Murcia C.B. - Real Madrid 64 - 79
7 Real Madrid - Gescrap Bizkaia Bilbao Basket 98 - 84
8 Assignia Manresa - Real Madrid 84 - 97
9 Cajasol - Real Madrid 63 - 71
10 Real Madrid - CAI Zaragoza 94 - 79
11 Asefa Estudiantes - Real Madrid 74 - 87
12 Blu:sens Monbus - Real Madrid 87 - 97
13 Real Madrid - Valencia Basket Club 87 - 84
14 Lagun Aro GBC - Real Madrid 71 - 85
15 F.C. Barcelona Regal - Real Madrid 96 - 89
16 Real Madrid - FIATC Joventut 88 - 77
17 Real Madrid - Herbalife Gran Canaria 90 - 54
18 Unicaja - Real Madrid 67 - 91
19 Real Madrid - Blancos de Rueda Valladolid 87 - 75
20 Uxue Bilbao Basket - Real Madrid 74 - 94
21 Real Madrid - Bsquet Manresa 104 - 70
22 Mad-Croc Fuenlabrada - Real Madrid 65 - 88
23 Real Madrid - UCAM Murcia C.B. 86 - 69
24 Caja Laboral - Real Madrid 92 - 100
25 Real Madrid - C.B. Canarias 83 - 96
26 CAI Zaragoza - Real Madrid 75 - 84
27 Real Madrid - Cajasol 84 - 74
28 Valencia Basket Club - Real Madrid 88 - 79
29 Real Madrid - Blu:sens Monbus 61 - 64
30 Herbalife Gran Canaria - Real Madrid 74 - 76
31 Real Madrid - F.C. Barcelona Regal 78 - 65
32 Real Madrid - Asefa Estudiantes 93 - 82
33 FIATC Joventut - Real Madrid 64 - 85
34 Real Madrid - Lagun Aro GBC 100 - 67
Play-offs
Quarter Final Real Madrid - Blu:sens Monbus 90 - 75
Quarter Final Blu:sens Monbus - Real Madrid 58 - 74
Semi-final Real Madrid - CAI Zaragoza 84 - 76
Semi-final Real Madrid - CAI Zaragoza 93 - 65
Semi-final CAI Zaragoza - Real Madrid 63 - 77
Final Real Madrid - F.C. Barcelona Regal 76 - 72
Final Real Madrid - F.C. Barcelona Regal 71 - 72
Final F.C. Barcelona Regal - Real Madrid 72 - 84
Final F.C. Barcelona Regal - Real Madrid 73 - 62
Final Real Madrid - F.C. Barcelona Regal 79 - 71
Table of Contents
55 54
Euroleague
Endesa Supercopa
ROUND MATCH RESULT
Semifinal CAI Zaragoza - Real Madrid 64 - 72
Final F.C. Barcelona Regal - Real Madrid 84 - 95
2013 Copa del Rey Vitoria
ROUND MATCH RESULT
Quarter-final Real Madrid - F.C. Barcelona Regal 108 - 111
XXIX Community of Madrid Tournament
MATCH RESULT
Real Madrid - Asefa Estudiantes 71 - 60
ROUND MATCH RESULT
Regular Phase Real Madrid - Panathinaikos 85 - 78
Regular Phase BC Khimki - Real Madrid 86 - 85
Regular Phase Fenerbahe lker - Real Madrid 75 - 83
Regular Phase Real Madrid - Mapooro Cantu 80 - 66
Regular Phase Union Olimpija - Real Madrid 76 - 89
Regular Phase Panathinaikos - Real Madrid 79 - 68
Regular Phase Real Madrid - BC Khimki 104 - 81
Regular Phase Real Madrid - Fenerbahe 77 - 61
Regular Phase Mapooro Cantu - Real Madrid 76 - 70
Regular Phase Real Madrid - Union Olimpija 91 - 60
Top 16 Alba Berln - Real Madrid 63 - 77
Top 16 Brose Baskets - Real Madrid 67 - 82
Top 16 Real Madrid - Zalgiris 75 - 74
Top 16 Unicaja - Real Madrid 64 - 72
Top 16 Panathinaikos - Real Madrid 54 - 58
Top 16 Real Madrid - CSKA Mosc 86 - 78
Top 16 Anadolu Efes - Real Madrid 74 - 72
Top 16 Real Madrid - Alba Berln 77 - 72
Top 16 Real Madrid - Brose Baskets 76 - 73
Top 16 Zalgiris - Real Madrid 104 - 105
Top 16 Real Madrid - Unicaja 74 - 77
Top 16 Real Madrid - Panathinaikos 73 - 74
Top 16 CSKA Mosc - Real Madrid 81 - 72
Top 16 Real Madrid - Anadolu Efes 86 - 66
Top 8 Play-offs Real Madrid - Maccabi Electra 79 - 53
Top 8 Play-offs Real Madrid - Maccabi Electra 75 - 63
Top 8 Play-offs Maccabi Electra - Real Madrid 57 - 69
Final Four Londres 2013
Semifinal F.C. Barcelona Regal - Real Madrid 67 - 74
Final Olympiacos - Real Madrid 100 - 88
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
Table of Contents
57 56
Basketball
Academy
2012 / 2013
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
GROWING
CHAMPIONS
he Real Madrid Basketball Academy contin-
ues to grow, improve and win titles, such as
those achieved in Madrid by the U-14, U-16
and U-18s. Special mention should go to the
U-14s, who also won the Spanish Champi-
onship and Minicopa. A great season with
outstanding performances by centre Guillermo Hernngmez,
who made regular appearances with the First team and point
guard Alberto Martn, who made his debut also in official
competition with the First Team.
T
Uner 16 A, Community of Madrid League Champions
Table of Contents
59 58
Under 14 A had an impecca-
ble season: undefeated, with
49 wins in 49 matches. The
team won the Minicopa for
the first time in the history of
the Club, the Spanish Cham-
pionship (after 14 years) and
the Madrid Championship.
Under 14 B finished in 10th
position. Under 16 A won
the Madrid Championship
with 26 victories and 1 de-
feat. Under 16 B finished 9th
in its league. The Under 18s
finished on top in the Madrid
competition and third in
the Spanish Championship.
The EBA team was one of
the youngest teams in its
category, with 11 Under-21
players, finishing 5th in its
group, only one game from
a spot in the playoffs for
promotion to the LEB Silver
League. Hernngmez and
Jimnez were called up for
the Spain Team that played
in the Under-19 World Cham-
pionships and Mbaye repre-
sented Senegal in the same
competition.
Under 16 A

Community of Madrid U-16
Championship: Winners.
Spanish Championship: 6th.

Under 16 B

Community of Madrid U-16
Championship: 9th.
Eliminated in the Final 8 by
Under 16 A.

The EBA team, one of the youngest
teams in its category.
Under 14 A

Community of Madrid
U-14 Championship: Winners.
Spanish Championship:
Winners.
Minicopa: Winners.

Under 14 B

Community of Madrid U-14
Championship: 10th.
Eliminated in the Final 8 by
U-14 A.
Under 18

Community of Madrid
Juniors Championship:
Winners.
Spanish Championship: 3rd.


EBA

EBA League. Group B: 5th.
Real Madrid C. F.
Annual Report 2012 / 2013
Basketball
Table of Contents
60
SOCIAL AREA
General Assembly
Insignia presentation ceremony
Election of President and Board of Directors
Member Services Office
Online Member Services Office
Member Service Line and Real Madrid Line
Written publications and communiques
Members exclusive e-newsletter
Help desk
Player signing events
Disciplinary Committee
Members information
Allocation of new memberships
Temporary club membership transfer
Table of Contents
63 62
Social Area
2012 / 2013
GENERAL ASSEMBLY
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
rdinary and Extraordinary General Assem-
blies were held on 30 September, 2012, in
which the Annual Report and Financial State-
ments for the 2011/2012 season were rati-
fied, along with the budget for the 2012/2013
season. In addition, agreement was reached
to maintain the existing membership fees:
Under 11 years of age EXEMPT
From 11 to 14 years of age 42,20
Reducida (Retired, with a minimum of 65 years
of age and 25 years continuous membership)
61,60
Adults 123,30
Members with 50 years continuous membership EXEMPT
O
Table of Contents
65 64
These fees will increase
in accordance with the
corresponding VAT rate at
time of accrual during the
period from 1 July, 2013,
to 30 June, 2014.
The Extraordinary General
Assembly approved:
The modification of Article
40.B, C and D.
Article 25.7 b of the clubs
Articles of Association.
The election of the mem-
bers of the Disciplinary
Committee for the period
March 29, 2013 to March
28, 2017.
The election of the mem-
ber of the Electoral Com-
mittee for the period
March 29, 2013, to March
28, 2017.
Insignia presentation
ceremony
On 15 December, 2012, a pre-
sentation ceremony was held
during which insignias were
conferred to all members
who had completed 25, 50 or
60 years of continuous club
membership. A total of 2149
insignias were presented,
of which 90 were diamond,
265 gold and 1794 silver.
The clubs president, Flo-
rentino Prez, presided over
the event alongside repre-
sentatives from the Board of
Directors and accompanied
by a number of Real Madrid
legends led by the honorary
president, Alfredo Di Stfano.
Election of President and
Board of Directors
On 22 May, 2013, in accor-
dance with Article 38 B of the
Articles of Association, the
president, on consultation
with the Board of Directors,
agreed to convene elections
for President and Board of
Directors of the club. The
Electoral Committee, under
Article 40 of the aforemen-
tioned Articles, made public
both the convening of the
NAME MEMBERSHIP No. POSITION
D. Florentino Prez 3.018 President
D. Fernando Fernndez Tapias 32.424 1st Vice-president
D. Eduardo Fernndez de Blas 6.275 2nd Vice-president
D. Pedro Lpez Jimnez 14.192 3rd Vice-president
D. Enrique Snchez Gonzlez 15.841 General Secretary
D. ngel Luis Heras Aguado 2.290 Board Member
D. Santiago Aguado Garca 2.480 Board Member
D. Luis Gmez-Montejano Arroyo 2.519 Board Member
D. Jernimo Farr Muncharaz 3.462 Board Member
D. Enrique Prez Rodrguez 7.911 Board Member
D. Manuel Cerezo Velzquez 12.797 Board Member
D. Jos Snchez Bernal 14.250 Board Member
D. Luis Blasco Bosqued 17.009 Board Member
D. Gumersindo Santamara Gil 19.470 Board Member
D. Ral Ronda Ortiz 20.339 Board Member
D. Jos Manuel Otero Lastres 20.941 Board Member
D. Nicols Martn-Sanz Garca 23.127 Board Member
elections and the initiation
of the electoral process.
On 2 June, on affirming the
presentation of only one
presidential candidate, and
in accordance with Article
40, section E, point number
2 of the existing Articles of
Association, the Electoral
Committee proceeded to
proclaim Florentino Prez
president of the club and af-
firmed the re-election of the
Board of Directors.
President Florentino Prez and the Board of Directors during the inaugural ceremony.
The inaugural ceremony took
place on 4 June, 2013 in the
directors box of the Santiago
Bernabeu stadium.
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
67 66
Member Services Office
This department continues
to offer comprehensive,
personalised service to
members and fans alike.
The access is located at
gate 55 of the Santiago
Bernabeu stadium and is
open Monday to Friday from
9 am to 7 pm. The Member
Services Office received
more than 11,760 visits last
year and handled more than
19,000 telephone calls.
The official email of the
Member Services Office has
replied to over 12,000 re-
quests for information and
administrative assistance.
In addition, member-
delegates and 100 Club
members, consisting of the
clubs most long-standing
members, are offered per-
sonalised attention and
special privileges in honour
of their loyalty and service
to the club.
Online Member
Services Ofce
The Online Member Services
Ofce is a web site which
allows members to perform
secure, condential consulta-
tions and operations relating
to their membership without
the need for presenting them-
selves in person in our ofces,
and without the limitations
of working hours:
Socios.realmadrid.com
During the 2102/12013
season, the online ofce
registered more than 329,000
visits from members who
were able to resolve their
issues with the maximum
convenience. Since its
creation in March, 2011, the
online ofce has received
over 525,000 visits.
The online ofce currently in-
cludes permanent procedures
that allow members to modify
their personal information
(address, phone number,
email, etc.), check and modify
their banking details, change
their pin number or perform
operations relating to seating.
The ofce includes additional
temporary procedures, such
as those that allow members
to request nancing for their
season tickets and member-
ship fees for the 2013/12014
season and request tickets
for the Champions League
matches and the Copa del
Rey nal. Temporary pro-
cedures also include, for
instance, changing member-
ship type, consultation of the
electoral census correspond-
ing to elections of president
and board of directors and re-
quests for tickets for Second
Division promotional play-off
games and musical events.
Florentino Prez and
Alfredo Di Stfano attending
the annual reunion of the
Club de los Cien (100 Club).
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
69 68
Member Helpline (902 21
2002) and Real Madrid
Helpline (902 32 18 09)
From the Member Helpline,
all members are attended to
directly by an operator after
their identification and pin
number are provided.
A total of 46,053 calls are
testament to the success
of this exclusive channel
of information. In addition,
more than 3,055 out-going
calls were made with a view
to providing information
about various campaigns
related to the group of
members. Furthermore, by
means of the Real Madrid
Helpline, more than 61,980
fans have been in contact
to request information about
various aspects related
to the club.
Written publications and
communications
By-laws
This is an official document
containing the regulations
by which the entity is gov-
erned. The currently appli-
cable regulations were ap-
proved at the Extraordinary
General Assembly of
30 September 2012.
Members newsletter
Official publication includ-
ing the institutional informa-
tion of the club and news of
interest for members.
General report
Official document containing
all the activities promoted
by Real Madrid: of an institu-
tional, sporting, social, busi-
ness, economic and commu-
nicative nature, along with
the financial report.
Halamadrid Magazine,
Halamadrid Junior and
tiempo de Descuento
Quarterly magazines with
all the latest from the club,
including news, reports,
interviews, offers and pro-
motions. Last season, they
were delivered on four sepa-
rate occasions to the houses
of members and Real Madrid
supporters.
Exclusive e-newsletter
for members
Weekly electronic review
which provides Real Madrid
members with the headline
news of the club, exclusive
videos, dates on which
tickets go on sale, football
and basketball match re-
sults from the weekend and
a reminder of the players
with legendary status that
made Real Madrid great.
The E-newsletter is currently
sent to the inbox of more
than 57,000 members; this
amounts to a total approxi-
mate volume of 1,965,000
e-mails sent during the
last campaign.
Notifications to members
In addition to e-newsletters,
taking advantage of new
technologies, notifications
are also sent to members
by e-mail from the Mem-
bers Department as often
as there is a need to provide
information about the club
and according to the needs
of our members. During the
2012/2013 season, more
than 1,000,000 e-mails were
sent containing very impor-
tant and interesting informa-
tion for members, thereby
making communication with
the club faster, more flex-
ible and more effective. We
want to use this medium to
encourage all those Real
Madrid members who have
not yet provided their e-
mail address to do so in a
simple and straightforward
DURING THE 2012/13 SEASON, MORE THAN
A MILLION E-MAILS WERE SENT CONTAINING USEFUL
INFORMATION FOR MEMBERS
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
71 70
way at the address Socios.
realmadrid.com, by register-
ing with their membership
number and their pin code
and selecting the Change
personal data option.
Incident ticket office
Members have access to
an exclusive incident ticket
office open on match days,
at which they can obtain a
ticket corresponding to their
seat number if they do not
have their membership card
with them. In the 2012/2013
season, 4,960 incidents
were resolved.
Player autograph signing
sessions
At all games that Real
Madrid played outside of
the Community of Madrid,
player autograph signing
sessions were organised;
the clubs members were
invited along in the cities in
which the team played.
Member Disciplinary
Committee
In the 2012-2013 season,
the Member Disciplinary
Committee continued to
develop its work as a regula-
tory body in this regard,
in accordance with club
regulations, and the follow-
ing actions should be high-
lighted: a private reprimand
was issued to 46 members
and for a further 83 mem-
bers, temporary bans of
membership rights were
proposed from one month
to three years, according to
each particular case. One
age of 65, pensioners or
those who have been club
members for more than
25 years paid a reduced
membership fee of 72.69.
3,452 members who have
been members for more
than 50 years at the club
do not have to pay the
membership fee.
14,251 members under
the age of 11 do not have
to pay the membership
fee either.
The club offers members:
The option of financing the
yearly fee through BBVA,
with the possibility of put-
ting off the payment of the
membership fees without
any interest.
Priority in the purchase
of tickets for stands and
person had their member-
ship status revoked.
Members data
The group of Real Madrid
members comprises 92,120
members, of whom 65,897
are adults (over the age of
14), 19,482 children (under
the age of 14) and 6,741 over
the age of 65 or who have
been members for more than
50 years.
Of all our members, 74,755
are men and 17,365 are
women.
65,897 adult members
paid a fee of 145.49.
5,231 members from 11
to 14 years of age paid a
fee of 49.80.
3,289 members over the
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
73 72
discounts in the price for
members without season
tickets.
Free access to the Ber-
nabu and Real Madrid
Football City Tours to
witness the games of Real
Madrid Castilla and the
other youth system teams.
Award of new season
tickets
In light of the high demand
at the club, the Board of
Directors agreed to award
3,500 new season tickets ex-
clusively to members without
season tickets.
These new season tickets
are awarded in a transpar-
ent and public way, meeting
a set of objective criteria so
that they could be validated
by all members.
These are:
The number of years as a
club member.
The number of relatives
as members with season
tickets, provided that
they are grand-parents,
parents, children and
or bothers/sisters of
the applicant.
Number of tickets bought
in the 2012/2013 season.
Taking the three criteria into
account, the following points
scale was established to put
applications into order and
award the season tickets.
The period in which applica-
tions for new season tickets
must be made was set from
22 July to 15 September 2013.
NUMBER OF YEARS AS A MEMBER/YEARS POINTS
15 years or more 20
10 to 24 15
5 to 9 10
1 to 4 5
RELATIVE OF MEMBERS WITH SEASON TICKETS POINTS
3 relatives 15
2 relatives 10
1 relative 5
ATTENDANCE AT GAMES IN 2012-13 SEASON POINTS
7 or more games 10
from 4 to 6 7
from 1 to 3 4
Temporary transfer of
season ticket to the club
Real Madrids Board of
Directors, acutely aware of
the economic crisis by which
Spanish society has been
struck and which may, un-
doubtedly, impact on some
of our members with season
tickets, adopted the mea-
sure to allow the temporary
transfer of season tickets to
the club for a period equal to
one sporting season, with an
option of a second, exempt-
ing them from the payment
during this period, but oblig-
ing them to pay the member-
ship fee.
This measure involved giving
members with season tick-
ets the option of making their
season ticket fully available
to the club on duly justified
grounds, such as:
Financial difficulties.
Health-related problems.
A change of address for
work reasons.
A change of address for
educational purposes.
Members may request to
regain their status as season
ticket holder prior to the end
of the transfer period.
The period in which to re-
quest the transfer of the sea-
son ticket to the club was
from 7 to 21 June 2013.
A total of 1,272 members
agreed to this transfer.
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
75 74
Supporters groups in Spain
1. ANDALUSIA 449
Almera 53
Cdiz 43
Crdoba 80
Granada 83
Huelva 42
Jan 69
Mlaga 54
Seville 25
2. ARAGN 40
Zaragoza 17
Huesca 12
Teruel 11
3. ASTURIAS 49
4. BALEARES 43
5. CANARIAS 31
6. CANTABRIA 26
7. CASTILE-LA-MANCHA 279
Albacete 54
Ciudad Real 76
Cuenca 45
Guadalajara 30
Toledo 74
Meetings with Supporters groups at each
away trip of the team in league competi-
tion: 610 supporters groups.
Lunch with the supporters groups of rival
teams: more than 175 supporters groups
of Real Madrid and rival teams have taken
part in the various friendly meetings be-
tween fans.
Representative attendance of the club
at events organised by the Real Madrid
supporters groups: 254 events. It should
be noted that 15 supporters groups have
celebrated their 25th birthday and one its
50th birthday.
Total supporters groups at home: 2,116.
Total supporters groups abroad: 109.
12. EXTREMADURA 245
Cceres 97
Badajoz 148
13. GALICIA 129
La Corua 39
Lugo 29
Orense 26
Pontevedra 35
14. LA RIOJA 30
15. MADRID 199
16. MELILLA 2
17. MURCIA 77
18. NAVARRA 21
19. BASQUE COUNTRY 19
lava 4
Guipuzcoa 8
Vizcaya 7
NATIONAL TOTAL 2.116
8. CASTILE AND LEN 155
vila 32
Burgos 15
Len 26
Palencia 9
Salamanca 22
Segovia 19
Soria 3
Valladolid 16
Zamora 13
9. CATALUA 126
Barcelona 75
Tarragona 18
Lrida 14
Gerona 19
10. CEUTA 1
11. COMMUNITY
OF VALENCIA
195
Alicante 81
Valencia 58
Castelln 56
Overseas Fan Clubs
ALBANIA 1
GERMANY 4
ANDORRA 1
AUSTRALIA 1
AZERBAIJAN 1
BELGIUM 7
BELARUS 1
BRAZIL 1
BULGARIA 2
CHILE 1
CHINA 4
CYPRUS 1
COSTA RICA 1
CROATIA 1
CUBA 1
DENMARK 1
EGYPT 1
UAE 3
PHILIPPINES 1
FRANCE 4
GIBRALTAR 1
GREECE 1
GUATEMALA 2
EQUATORIAL GUINEA 2
HOLLAND 2
HUNGARY 2
INDONESIA 2
ENGLAND 1
IRAN 1
JAPAN 2
JORDAN 1
KUWAIT 1
MOROCCO 7
MEXICO 2
NICARAGUA 1
NORWAY 1
PANAMA 1
PERU 1
Total supporters groups in the world: 2,225
Supporters groups in the process of
being formed: 82
2013 meeting of supporters groups:
on 9 June, the 2013 meeting of Real
Madrid supporters groups was held at
the Real Madrid Football City. It began
the day before with a tournament of the
lower academy (benjamn) and pre-lower
academy (prebenjamn) at which more
than 1,500 people were in attendance.
On Sunday, the semi finals and finals of
both categories were held at the Alfredo
Di Stfano stadium. Furthermore, more
than 1,000 supporters groups were
represented, with an attendance of
over 6,000 people.
POLAND 1
PORTUGAL 1
PUERTO RICO 1
REPUBLIC OF CONGO 1
DOMINICAN REPUBLIC 2
RUSSIA 3
SENEGAL 1
SYRIA 2
SLOVENIA 1
SWEDEN 2
SWITZERLAND 13
TUNISIA 1
UKRAINE 1
USA 6
VENEZUELA 4
TOTAL FOREIGN 109
TOTAL SUPPORTERS
GROUPS IN THE WORLD
2,225
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
77 76
Supporters groups
in the world
Countries in which the 2,225 Real Madrid supporters
groups are located in the world.
Real Madrid C. F.
Annual Report 2012 / 2013
Social Area
Table of Contents
78
HERITAGE
A new phase for the Real Madrid
Football City: we are expanding
The first-team residence is operational
The work on the residence of the youth
academy is coming to an end
Remodelling of the Santiago Bernabu:
a stadium fit for the 21st century
Table of Contents
81 80
he two main assets of Real Madrid, i.e. the
Santiago Bernabu stadium and the Real
Madrid Football City, are fundamental pil-
lars of our club and they are an essential part
of the identifying features of what it means to
be Real Madrid and they are the fundamen-
tal basis of the sporting, social and economic activity both
present and future of Real Madrid. For all these reasons, it
is a priority to promote the constant improvement of their
facilities and infrastructure and to take on new extension
and improvement projects to enable the club heritage to
grow, which belongs to all members. In keeping with this
reality, during the 2012-2013 campaign, the necessary town
planning formalities were completed as progress with the
projected remodelling of the Santiago Bernabu stadium
was finally made, and the final phase of the Contest for
Architectural Ideas also came to an end, in which the finest
international teams took part, which will enable us to turn our
stadium into the architectural icon of Madrid. With the same
aim in mind, the first-team residence became operational
in the Real Madrid Football City, and the construction of
the youth academy residence is in the final stages and the
economic and conceptual design assessments of the future
Theme park have been started.
Heritage
WE ARE EXPANDING
T
The residence is located in the first team area, opposite their training fields.
Real Madrid C. F.
Annual Report 2012 / 2013
Heritage
Table of Contents
83 82
A new phase for the Real
Madrid Football City:
we are expanding
Since the end of its con-
struction in 2005, the Real
Madrid Football City has
become an international
benchmark for elite sport-
ing teams on account of the
magnitude of the invest-
ment made, the quality of its
infrastructure and the func-
tionality of its facilities.
As well as the Alfredo Di
Stfano stadium, where
Real Madrid Castilla play
their home games, with a
capacity of 6,000, it has 12
football pitches of natural
and artificial grass sur-
rounded by stands with a
capacity for 11,000 spec-
tators, which are used as
pitches for training and
competitive games for the
lower ranks of the cub, and
a central multi-purpose
building of more than
18,000 m
2
which contains all
the dressing rooms, gym-
nasiums, training rooms,
managers offices and the
Medical Centre, with a hy-
drotherapy area for recov-
ery. With 1,200,000 m
2
, the
Real Madrid Football City
is the largest football centre
in the world.
Faithful to its innovative
spirit, the club has devel-
oped the construction of
a new phase of the Real
Madrid Football City, com-
prising the residences of
the first team and youth
academy. A historic feat is
achieved with this 3rd phase.
There is already a residence
for the first team and a resi-
dence for the youth acad-
emy will soon be finalised for
the first time in our 111-year
history, and both buildings
will be inside the Real Ma-
drid Football City.
The first-team residence
is operational
On 13 July, the new first-
team residence at the Real
Madrid Football City be-
came operational.
The purpose of this resi-
dence is to raise the com-
petitive factor of our team.
FAITHFUL TO ITS INNOVATIVE SPIRIT, THE CLUB HAS
DEVELOPED THE CONSTRUCTION OF THE 3RD PHASE OF
THE REAL MADRID FOOTBALL CITY, COMPRISING THE
RESIDENCE OF THE FIRST TEAM AND THE YOUTH ACADEMY
In the dining-room of the residence, the coexistence of the group is promoted both during training sessions
and when teams gather prior to matches.
Real Madrid C. F.
Annual Report 2012 / 2013
Heritage
Table of Contents
85 84
The intention is to improve
and facilitate the working
conditions of the players
and coaching staff during
training sessions with new
services and resources
so that the amount of time
spent by the players at our
Real Madrid Football City
can be effectively extended.
The residence will also be
used when our first team
gathers prior to a match;
up to now, the team would
gather at external hotels.
Meli Hotels International,
a leading company in the
sector and with a proven
track record and prestige
in this kind of service, is
responsible for the manage-
ment of the residence.
The residence is located at
the very heart of the first-
team area, at the culmina-
tion in the shape of a T of
the target building, opposite
its training pitches and adja-
FOR THE FIRST TIME IN ITS 111-YEAR
HISTORY, THE CLUB HAS TWO OF ITS
OWN RESIDENCES INSIDE THE REAL
MADRID FOOTBALL CITY FOR THE FIRST
TEAM AND THE YOUTH ACADEMY
cent to the building contain-
ing its dressing rooms, its
gymnasium, the office areas
of the coaching staff and
additional rooms and the
hydrotherapy area.
The residence has three
floors and a garden of its own.
On the ground floor, along-
side the main door is a recep-
tion area, which provides ac-
cess to the visiting rooms and
to a large living area, where
there are several areas for the
use of all the players (projec-
tion room, digital library, ac-
tive games room, games and
television room, etc.). On the
ground floor, there is also a
swimming pool measuring
10 m wide and 20 m long,
and with a maximum depth of
2.10 metres, which provides
for recovery and strengthen-
ing sessions.
On the first floor, there are
several academic training
rooms which help with the
improvement of languages
on an individual basis or in
a group, supplement edu-
cational activity or any other
training activity. This new
building has a kitchen and
a large dining-room with
a patio.
View from inside the first-team
residence looking out towards
the training pitches and the
youth academy residence.
Real Madrid C. F.
Annual Report 2012 / 2013
Heritage
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87 86
On the first floor, there are
32 bedrooms and a physio-
therapy room.
The second floor is exclu-
sively dedicated to bed-
rooms and has a large patio
which provides splendid
views of all the training
pitches of the Real Madrid
Football City and the privi-
leged surroundings in which
it is located.
In total, there are 57 indi-
vidual, comfortable and
functional bedrooms.
The project has been devel-
oped by the Architectural
Firm Lamela, which already
designed the Real Madrid
Football City, and was able
to count on the collabora-
tion of the interior designer
Francesc Rif. Priority
was given to comfort and
warmth in an attempt to cre-
ate a pleasant area for the
daily work and gathering of
players and coaching staff.
The work, performed by UTE
FCC-San Jos, lasted al-
most a year, with an innova-
tive construction system of
pre-manufactured modules.
This residence includes
the latest advances in
technology, comfort and
design, applied to the par-
ticular features of the club,
making it an international
reference point.
Thanks to these new state-
of-the-art facilities, the
heritage of the club has
grown; our Real Madrid
Football City is expanding;
the competitiveness of our
first teams is growing and
Real Madrid is consolidat-
ing its position as a leader
of sporting clubs in terms of
its facilities and resources.
WITH 57 BEDROOMS AND SPLIT OVER THREE FLOORS,
THE NEW FIRST-TEAM RESIDENCE INCLUDES THE
LATEST IN TERMS OF TECHNOLOGICAL ADVANCES,
COMFORT AND DESIGN, MAKING IT AN INTERNATIONAL
REFERENCE POINT.
The residence has a hydrotherapy area that is used by the players to recover from injuries.
Real Madrid C. F.
Annual Report 2012 / 2013
Heritage
Table of Contents
89 88
The work on the residence
of the youth academy is
coming to an end
The construction of the
youth academy residence
is coming along according
to schedule and it is pro-
jected that it may be final-
THIS SEASON SAW THE FINAL DRIVE
FOR THE REMODELLING PROJECT OF
THE SANTIAGO BERNABU WITH THE
CONCLUSION OF THE NECESSARY
TOWN PLANNING FORMALITY AND THE
DEVELOPMENT OF THE FINAL PHASE
IN THE INTERNATIONAL TENDER OF
ARCHITECTURAL IDEAS
ised before the end of
this year.
The construction system
is similar to that of the first-
team residence. This particu-
lar residence for the youth
academy included as part of
the Real Madrid Football City
will be a home and will make
a huge contribution to the
comprehensive training of
those who dream of playing
at the Bernabu someday.
Remodelling of the San-
tiago Bernabu: a stadium
fit for the 21st century
During the 2012-13 season,
the final impulse was given
to the remodelling project
of the Santiago Bernabu
stadium.
The necessary town plan-
ning formality was complet-
ed and the development of
the final phase of the Inter-
national Contest of Archi-
tectural Ideas.
The four teams invited
to the Contest, Rafael
Moneo/Herzog & de Meuron,
Norman Forster / Rafael de
la Hoz, Lamela/ Populous
and GMP Archiekten/ L35/
Ribas, developed each of
their proposals - which were
exhibited at the Assembly
of members on 29 Septem-
ber 2012 - dealing with the
technical observations aris-
ing from the first phase. The
result included four extraor-
dinary projects with a high
degree of definition and
with a business plan of each
architectural proposal which
guarantees the economic
viability of the operation.

The first-team residence includes
three floors and it became
operational on 13 July.
Real Madrid C. F.
Annual Report 2012 / 2013
Heritage
Table of Contents
REVENUE
90
Management of capacity and VIP Area
Sponsorship and Advertising
Tour and Friendly Matches
Facilities Management
Relationship Marketing
New Media
Table of Contents
93 92
Management
of capacity and
VIP Area
ATTENDANCE FIGURES
REMAIN AT THE
TWO-MILLION MARK
During the 2012-2013 season,
the attendance gure at the
Santiago Bernabu again sur-
passed the two-million mark.
Number of tickets sold
This season again saw more
than half a million tickets
sold (502,000) through all
media (Internet, ticket of-
fices, telephone). Internet
is the most commonly
used medium.
Seat transfer
The Season Ticket Transfer
service saw an increase of
12% compared with the
2011-2012 season, surpass-
ing 130,000 tickets trans-
ferred, which amounts to
considerable discounts for
our members in the renewal
of season tickets.
Basketball
For the rst time, the atten-
dance gure of 300,000 fans
was surpassed at the Palacio
de los Deportes, representing
an increase of 17% compared
with the 2011-2012 season.
On the other hand, the sale
of tickets increased by 42%
(76,000 tickets) in relation
to the previous season;
the internet was the main
sales channel.
We should point to an in-
crease of 18% in season
ticket holders compared with
the previous season. The
gure of 5,000 season tickets
was surpassed.
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
95 94
Fulfilment of commitments
in the 2012/2013
financial year
Football
Total number of season
ticket holders
58,852 (all are members)
19,298 season ticket holders
39,554 Euro season
ticket holders

Basketball

Total number of season
ticket holders 5,200
2,525 are members
1,251 are Real Madrid
members
1,424 are public
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
97 96
Real Madrid VIP area
The Real Madrid VIP area
currently has 4,850 seats
distributed over all the sec-
tions of the Santiago Bern-
abu stadium and 500 bas-
ketball seats at the Palacio
de los Deportes.
The Bernabu VIP spaces
are distributed over 245
boxes (3,074) and 1,776
individual seats, both inside
and outside. Furthermore,
the four stadium restaurants
(Puerta 57, Asador de la
Esquina, Real Caf and Zen
Market) become hospitality
areas at each match.
The vast majority of the 380
clients per season of the VIP
area are companies from all
sectors of activity (multina-
tionals, Ibex35 companies,
small and medium sized
companies, etc.) During the
2012-13 season, more than
14,000 tickets were sold
for specific games and the
marketing of this kind of
product amounted to 12%
of the total revenue of the
department.
In keeping with the policy
of modernisation and opti-
DURING THE CAMPAIGN, MORE THAN
14,000 VIP SEATS WERE SOLD; THIS
IS A PRODUCT WHOSE MARKETING
REPRESENTED 12% OF THE TOTAL
REVENUE OF THE DEPARTMENT
misation of infrastructure,
several areas of the VIP area
have been remodelled this
year with a view to providing
greater comfort for clients.
The management model of
the department is still the
same, based on the price
policy per seat and area.
Furthermore, an emphasis
has been placed on a new
strategic objective, which is
to promote VIP products on
an international scale and
thus increase the market
share. Therefore, the VIP
area, during this campaign,
participated in important
fairs in Spain such as FITUR
and international fairs such
as Turespaa and the Ma-
drid Convention Bureau in
the UAE. In addition, agree-
ments with travel agencies
and tour operators were
concluded and, in the future,
ways of boosting the pres-
ence in markets such as
Mexico, Russia and China
will be looked into.
On the other hand, the VIP
Area was present on Span-
ish on-line media, to incen-
tivise the sale of specific
games, and ways of gaining
a presence on other plat-
forms, both on and off line
platforms, is being looked
into, which is why a media
plan has been established.
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99 98
eal Madrid, as a prestigious entity of worldwide
recognition, is able to count on the sponsorship
of multinational companies leading the way in
their sector of activity which share and pre-
scribe the values and principles by which the
conduct and image of our club are governed.
Sponsorship
and Advertising
THE ALLIANCE WITH EMIRATES
HAS BEEN STRENGTHENED
R
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
101 100
International sponsorship
Emirates will be the new
main sponsor as from next
season.
Continuing the alliance which
began last year, Real Madrid
and Emirates presented the
new sponsorship agree-
ment between both entities
at the end of season in the
Santiago Bernabu stadium,
according to which the name
of the largest airline of the
UAE will be present on the
shirt of the greatest team
in the world until the end of
the 2017-2018 campaign,
thus becoming the new Main
Sponsor of the club as from
next season.
Emirates is one of the lead-
ing airlines in the world, with
a presence on the six con-
tinents and activity in more
than 66 countries, operat-
ing more than 1,000 weekly
flights from Dubai and trans-
porting more than 31.4 mil-
lion passengers of all nation-
alities in the past year.
The signature of this agree-
ment will help Real Madrid
to get even closer to all the
fans that it has through-
out the world, especially in
countries where our new
partner operates.
On the other hand, Bwin con-
veyed that it will extend its al-
ready long-term relationship
with Real Madrid through a
new agreement in which the
Austrian multinational will
become the new official digi-
tal partner of the club as from
next year. The new agree-
ment caps the successful
sponsorship of the shirt for
the last six seasons, making
it one of the most productive
associations in football,
helping Real Madrid to win
two la Liga titles, two Span-
ish Super Cups and the
Copa del Rey.
After this era as main spon-
sor in which Bwin estab-
lished itself as the leading
THE NAME OF THE LARGEST AIRLINE
IN THE UAE WILL ADORN THE SHIRT OF
THE TEAM UNTIL THE 2017/18 CAMPAIGN
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
103 102
BRANDS OF GREAT INTERNATIONAL PRESTIGE
SUCH AS AUDI AND THE MAHOU-SAN MIGUEL GROUP
HAVE RE-ASSERTED THEIR CONFIDENCE IN THE REAL
MADRID PLATFORM TO REACH THE FANS THAT
THE CLUB HAS THROUGHOUT THE WORLD
on-line gaming brand in
Europe, its sponsorship
strategy has developed into
this new digital agreement
with the club, focusing
on developing its activities
on the digital platforms of
Real Madrid.
As a result of the connection
with and constant endeav-
our of Real Madrid in the
pursuit and attainment of
common objectives with our
sponsors, brands of great
international prestige such
as Audi or the Mahou-San
Miguel Group have re-
asserted their confidence in
the Real Madrid platform as
a tool they can use to ex-
pand and consolidate their
brands at an international
level with various advertis-
ing and marketing cam-
paigns, reaching all the fans
that our club has throughout
the world.
In the second season bind-
ing Real Madrid and BBVA,
BBVA took the agreement
to territories concerned not
only by the transfer of im-
age values but also to the
field of business between
its clients, by organising
the first annual meeting
of the Consumer Finance
Department at the Santiago
Bernabu. Thus, its 100
most significant clients for
this department in the vari-
ous geographic locations
throughout the world shared
days participating in pro-
fessional events (through
speakers from Real Madrid
and external speakers
who provided content of
great interest and messages
for creating business oppor-
tunities), uniting them with
a unique experience which
you can only be part of
as a preferential client
of BBVA through the spon-
sorship with Real Madrid.
But this year, it also devel-
oped products targeting
the members of Real Ma-
drid with a view to provid-
ing improved advantages
and opportunities within
the banking sector for this
group, with the launch of
the Real Madrid-BBVA card,
with which they were able
to finance both the member-
ship fees and the season
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
105 104
tickets for next season
with unbeatable market
conditions.
Yamaha, new regional
sponsor
As part of regional agree-
ments signed by the club,
this season we welcomed
Yamaha, which will sponsor
Real Madrid in Thailand in
the sector of scooters and
motorbikes. Their immense
confidence in our brand
was consolidated by the
wonderful reception of our
agreement on their territory.
A sign of that is the Scooter
Yamaha - RM project which
will come to light at the start
of next season in Thailand.
in the food sector in South-
East Asia and STC, the main
telephony operator in Saudi
Arabia and the Middle East,
consolidate their status
as strategic partners to
continue developing the
Real Madrid brand around
the world.
After the renewal at the start
of the season of its official
sponsorship agreement,
Telefnica has entered into
an agreement with Real
Madrid for a further two
seasons. It is the concern
and the intent to take the
benefits or our association
to maximum levels which
defines the colossus of
telecommunications, as it
is always committed to in-
novation as reflected by the
idea of Nights Visits. This
is an exclusive initiative
available at the Santiago
Bernabu stadium during
the night to offer its guests a
unique opportunity to enter
its facilities and enjoy a one-
off experience.
National sponsorship
At times of great difficulty
such as those by which we
are currently concerned,
large entities put their trust
in Real Madrid as the strate-
gic partner to develop ac-
tions and exclusive projects
which are adapted to the
specific needs of their sec-
tor which enable them
In this sponsorship model,
Empresas Polar is also
present; it is a leading com-
pany in the food and mass
consumption industries in
Venezuela and it is renewing
its agreement with us for a
further three years. The out-
put of our association in its
area of activity from the very
beginning has been fully in
keeping with the expecta-
tions of Empresas Polar,
as shown by the new agree-
ment and the huge activity
developed up and down
the country.
Dua Kelinci, a benchmark
company in the Indonesian
snacks sector, the Thai
company Thaibev, a leader
Ramos, Marcelo and Arbeloa
were in attendance, alongside
Florentino Prez, at the presen-
tation of the sponsorship
agreement with Nivea.
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107 106
to set themselves apart from
the competition.
Coca-Cola continues to
show its trust for one more
year in Real Madrid as a
strategic partner, by renew-
ing and extending its pro-
ductive contractual rela-
tionship with the club until
2015. As in previous years,
Coca-Cola has been able to
develop various marketing
activities through the Real
Madrid platform and thereby
very successfully promote
the sale of its different prod-
ucts through sport and the
values that both companies
have shared for many years.
The implementation of rights
at a promotional and pub-
lic relations level and the
continued expansion of new
communications platforms
again enabled our sponsors
Soln de Cabras and Sani-
tas to be able to carry out
activities which are broadly
visible and perceptive dur-
ing this campaign on behalf
of their clients.
At the same time, special
mention should be made
of the case of two large
multinationals, Samsung,
a global leader in digital
convergence technologies
and Campofro, a lead-
ing company in the sector
of meat products in Spain,
which, after a relationship
based more on the visibility
and reputation of our ad-
vertising platforms, consoli-
dated their project with our
entity by joining the pool of
Real Madrid sponsors. This
new status as sponsor has
enabled them to maximise
opportunities and obtain im-
proved results by strength-
ening their strategy with the
implementation of the new
rights acquired.
Real Madrid and Samsung
began their collaboration in
2006; this relationship has
been growing over recent
years as they seek a broader
agreement to reflect the
commitment that both enti-
ties have for innovation. The
result was the project of this
2012/13 season, whereby
the Real Madrid platform
was the basis for the inno-
vative Samsung technology
in various formats, both in
terms of brand image and in
the form of a state-of-the-
art product within a com-
LARGE ENTITIES REGARD REAL
MADRID AS THE STRATEGIC PARTNER
TO DEVELOP ACTIONS AND EXCLUSIVE
PROJECTS WHICH ARE ADAPTED
TO THE NEEDS OF THEIR SECTORS
pletely cutting-edge project
in which the Santiago Bern-
abu will provide all the fans
of elite sport with an innova-
tive experience. The Korean
brand also handed over its
smartphone Galaxy Note II
to the players of the first-
team squad, in reflection of
its new status as a techno-
logical partner of the club.
On the other hand, Cam-
pofro, which has a broad
geographic presence and a
portfolio of leading brands
and the confidence of mil-
lions of consumers, will
continue to be involved with
Real Madrid until 30 June
2014, which demonstrates
the positive synergy estab-
lished between both brands
over the last three seasons
that they have been working
together. The result of that
is the increase in the num-
ber of fans throughout its
social networks, thanks to
the ties with the Real Madrid
image, one of its objectives
to generate engagement.
They have developed many
original activities and a fun
way to bring fans closer to
the various sensations of-
fered by both brands.
The Real Madrid squad,
at the event to hand over
the Samsung phones.
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
109 108
BEIERSDORF,
new official sponsor.
During this season, the Bei-
ersdorf Group, number one
on the international stage in
terms of skin care, and Real
Madrid implemented an im-
portant sponsorship agree-
ment for the Spanish market
which will run until the end
of the 2015-2016 season.
The passion for football
plays an important role
within the marketing strat-
egy of the prestigious mens
healthcare brand Nivea Men,
and this brand regarded
Real Madrid as the great
ally which would enable it to
connect to consumers on an
emotional level.
The players had an active
role in the communication
activities of Nivea Men from
the word go, as they were
present at the launch cam-
paign and the development
of wholly innovative activi-
ties which enabled them to
get closer to consumers; a
clear example of that is the
launch of the mobile ap-
plication Football Friends,
which enables interaction
with the players thanks to
the use of the latest pos-
sibilities of smartphones in
terms of special effects, and
this is the first application
to be developed using this
technology. The agreement
with Real Madrid also repre-
sents the start of a new era
of Nivea Men, as the brand
is re-positioning itself and
appears with a new image.
Image of playerss
The Real Madrid players col-
laborate with leading brands,
many of which in turn spon-
sor the club, endorsing their
products and taking part in
marketing activities which
strengthen these ties.
The German multinational
Adidas is adding Marcelo
to its large family of elite
sportsmen, as he is one of
the first-team captains and
one of the senior players for
his national side. As a result
of this new agreement with
the Brazilian full-back, the
technical sponsor of Real
Madrid increases its portfo-
lio of first-team players who
have tied their image indi-
vidually and who have the
latest technology in sporting
equipment which the brand
makes available to them.
Real Madrid C. F.
Annual Report 2012 / 2013
Revenue
Table of Contents
111 110
Iker Casillas, the Real Ma-
drid captain, is one of the
benchmark players in whom
brands place their trust.
Along with his much docu-
mented agreements with
the Mahou-San Miguel
Group, BBVA and Adidas,
with which he has been
working for several seasons,
he is adding the following
this year: Hyundai, which,
after its ties with the player
last season, in relation to
a very specific project with
the presence of other foot-
ballers, has placed its trust
in Iker on an individual level
as the face of its company
for the next two years, de-
veloping campaigns which
perfectly reflect the synergy
of the values of both.
H&S, shampoo brand of
the Procter&Gamble group,
added the Spanish goal-
keeper to its pool of lead-
ing sports stars, and he has
become the face of this
brand for a large part of
Europe and the Middle East.
The confidence and atti-
tude of Iker are the essence
shared with the brand. Over
the next two years, we will
see Casillas in conventional
advertising campaigns, tak-
ing advantage of new tech-
nologies and even being part
of an exclusive packaging.
Last season, Xabi Alonso
added to his spectrum of
brands for which he was
the face, from Indonesia to
our country.
Last summer he travelled
to Indonesia, where he was
presented as the new face
of some of the clubs spon-
sors in that territory, Dua
Kelinci, which enabled the
ties of the brand to be fur-
ther strengthened with the
image of Real Madrid. Xabi
took centre stage in the new
TV campaign and carried
out various public relations
activities in Jakarta.
In addition to its official
sponsorship agreement
in Thailand, Yamaha also
chose Xabi Alonso to be
its benchmark in the Asian
country during this cam-
paign. The ties with the
company were visible from
the very first moment, par-
ticipating alongside the
Chairman of the same in
the presentation ceremony
of the new alliance with
Real Madrid, and in the cam-
paign carried out throughout
the country.
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In Spain, Xabi Alonso be-
came the new face for the
next two years, of the cloth-
ing company Emidio Tucci,
with a view to renewing this
agreement.
Through advertising mate-
rial in which the fashion
seasons were presented, it
was perceptible to see how
elegance and design are
perfectly married up with
the new line of Emidio Tucci.
To the many advertising
agreements previously held
by Kak, two new brands
were added last season, the
official school of languages
Wise Up and Volkswagen
Brazil. Both companies
decided to put their faith in
the Brazilian star and make
him the ambassador of the
brand, thereby taking advan-
tage of how close the 2014
World Cup in Brazil is.
The figure of Cristiano
Ronaldo undeniably took
centre stage on the com-
mercial front for another
season. The Portuguese
player added many image
right agreements this year to
his already comprehensive
profile of advertising agree-
ments. Besides the renewal
with Toyota for Middle East
and North Africa, the agree-
ments with brands as impor-
tant as KFC, Mobily (Etihad
Etisalat), Herbalife, Bimbo,
Jacob & Co or JBS on an
international level must be
added. Cristiano continues
to beat all records on and
off the field.
Gonzalo Higuan took cen-
tre stage at the last DirecTV
campaign last season, with
an entertaining ad. With a
view to increasing both its
audience and the number of
subscribers in South Amer-
ica, DirecTV launched an
advertising campaign called
Therapy, consisting of
three ads, in which a therapy
session is recreated with a
humorous tone between the
player himself and an Argen-
tine fan of his.
Benzema is again the face of
FIFA 2013, the most popular
selling football video game
in the world. The popularity
of the player is like a magnet
for the large French brands.
The latest to associate its
image with that of Benzema
is Buzz mobile, a consoli-
dated telecommunications
company which has renovat-
ed the French market with its
innovative and aggressive
proposals and has found its
perfect ambassador in the
forward. Both EA Sports and
Buzz mobile conveyed their
alliance with Benzema to the
world through the produc-
tion of many advertisements.
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Tour and Friendly
Matches
In the 2012-2013 preseason
the team played six friendly
matches in Europe and
the USA The first two were
against Oviedo in Asturias
and Benfica in Lisbon.
The UCLA campus was
again the venue of the main
preseason training camp
until 11 August. These were
14 days of work in which
the team played four friend-
lies as part of the World
Football Challenge.
The first match was against
L. A. Galaxy, and the sec-
ond against Santos Laguna.
Real Madrid travelled to
New York to face Milan.
The Whites finished their
preseason with a win against
Celtic in Philadelphia.
In the busy preseason
agenda the club combines
the interests of our spon-
sors and partner companies
with the idea that they make
the most of the presence of
our players in the different
destinations to take part in
the events that are organ-
ised and the matches that
take place.
DATE MATCH RESULT
24/ 07/2012 Real Oviedo - Real Madrid 1-5
27/ 07/2012 Benfica - Real Madrid 5-2
03/ 08/2012 Los Angeles Galaxy - Real Madrid (Los Angeles, USA) 1-5
06/ 08/2012 Real Madrid - Santos Laguna (Las Vegas, USA) 2-1
09/08/2012 Real Madrid - Milan (New York, USA) 5-1
11/ 08/2012 Real Madrid - Celtic (Philadelphia, USA) 2-0
Preseason Calendar
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Real Madrid C. F.
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Facilities
Management
MERCHANDISING
AND DISTRIBUTION
fter renewing our agreement
with Adidas in the last financial
year, in the 2012/2013 season
the partnership with the German
multinational which is a leader in
the clothing and footwear sector
has become closer. Our connection with Adi-
das has settled into a productive relationship
which will continue until the summer of 2020,
forming an unprecedented collaboration in
world football. This agreement will allow us to
strengthen our international leadership, in-
crease the presence of the Real Madrid brand
all over the world and lay the bases for maxi-
mizing the income our club receives, now and
in the future.
A
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Following the establishment
of a company based in Spain
and 100% owned by Adidas
International, targets have
been set for developing and
broadening the portfolio of
official club products, as
well as for expanding and
managing the network of
official Real Madrid shops
internationally.
As a result, Adidas has tak-
en over management of the
clubs official shops, both
on-line and the conventional
retail shops. The opening
of several shops in Spain
is also being planned, as
is expansion into different
international markets in
the medium term. This new
area of collaboration and
rights management un-
doubtedly establishes the
bases for both organiza-
tions to work together in a
way which is unprecedent-
ed in world football.
Sales of the Adidas-Real
Madrid collection have
continued growing thanks to
the excellent sporting per-
formances of our teams, the
presence of players with a
high national and internation-
al profile, and the attractive-
ness of the playing, training
and leisure wear.
Given the relevance of the
Real Madrid brand and the
extensive distribution net-
work of our partner Adidas,
which is present in more than
90 countries, international
sales have again easily out-
stripped sales in the home
market by a ratio of 65% to
35%, the main markets being
Germany, the United King-
dom, China, Japan, Portugal
and Latin America.
In line with the international
expansion of the business
under the Real Madrid brand
the distribution network for
the articles of clothing in
the textile line and the Hala
Madrid accessories range
has continued to improve,
allowing our fans better ac-
cess to the clubs different
official products.
Likewise this range of prod-
ucts has kept its role as a
key element in the struggle
against piracy, as well as
being a valued promotional
vehicle for numerous con-
sumer companies interna-
tionally. Since opening in
December 2006, the Bern-
abu Store has undergone
an in-depth refitting which
continued over five months
of this season, given that it
was planned to keep at least
two of the three floors open
to the public at all times,
making it suitable for visitors
on the Bernabu Tour, fans
attending matches and the
general public.
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THE NEW BERNABU
TOUR IS BASED
AROUND A MODERN
CONCEPT AND
VERY ADVANCED
TECHNOLOGICAL
FACILITIES AND
WITH AN INNOVATIVE
CUTTING-EDGE
DESIGN.
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123 122
The main objectives achieved
with the redesign are:
1. To improve the image of
the shop.
2. To expand the sales area
by 16%. This has increased
from 1,200 to 1,400 square
meters.
3. To increase the number
of checkout lanes. These
have gone from 8 to 25.
Having achieved these
three objectives and follow-
ing the reopening event in
February 2013, increased
sales are expected in the
short and medium terms.
The reopening event took
place in February 2013 and
it was clear that the Bern-
abu Store has a wide range
of official Real Madrid prod-
ucts (playing, training and
leisure kits, games, books,
watches and electronic
goods amongst other items),
and products for practicing
all types of sports.
It welcomes around two mil-
lion visitors per year, thanks
to its exceptional and
unique location. It is an in-
ternational reference point,
and can serve as a model
for future global expansion
of this line of business.
Bernabu Tour
During the summer of 2012
remodelling works on the
Bernabu Tour were car-
ried out and in September
of that year the new Tour
was presented, including
an area paying homage to
Alfredo Di Stfano and the
new interactive Best Club
in History room.
The new Bernabu Tour is
based on a modern concept
of the museum experience.
A museum to touch and to
experience, with technologi-
cally highly advanced facili-
ties and innovative cutting-
edge design. Each of the
remodelled spaces incorpo-
rates interactive solutions
with the latest technology
applied to the clubs history.
THE BERNABU STORE HAS UNDERGONE A REDESIGN
WHICH WILL HELP INCREASE SALES IN THE SHORT
AND MEDIUM TERM
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One of the landmarks that
stands out in the project is
the optimization of the
Realmadrid Foundation
Heritage Centres collec-
tion which comprises over
100.000 objects, documents
and trophies, a representa-
tive selection of which has
been included in the new
Bernabu Tour, using ob-
jects which had until now
never been on display.
The homage to Alfredo Di
Stfano area includes a col-
lection of personal items of
the best footballer of all time
which have never before
been on display and which
were donated to the
Realmadrid Foundation
Heritage Centre, a huge
spectacular interactive wall
made up of high definition
screens which cover the 72
most important moments of
his personal and sporting life;
and an animated 3D audio-
visual of his greatest moves.
The Best Club in History
interactive room is pre-
sided over by the trophy for
the Club of the XX Century
which is in a special display-
case between two large
audio-visual spaces of over
60 metres in length made up
of 70 high definition moni-
tors, which take the visitor
on a journey through the
great moments and person-
alities which have shaped
the history of the club.
There is an interactive
display with multi-touch
technology with over 1,000
graphic documents and
videos, many of them un-
published, collecting great
moments from the history
and the memory of Real
Madrid, providing a double
path through the clubs
honours and its history in
two languages (Spanish
and English).
Furthermore, a 100 metre
gallery of display cases
contains the largest collec-
tion yet to be put on display,
comprising over 250 original
objects and trophies.
This project is another step
towards bringing the brand,
history, tradition and val-
ues closer to fans from all
around the world.
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The appeal of the new
Bernabu Tour is unde-
niable and given its ex-
ceptional location it will
continue to be a centre of
tourist interest in the city
of Madrid; more than 50%
of visitors come from out-
side Spain, the countries
with the most visitors be-
ing Mexico, the USA, Brazil,
Portugal, France, the United
Kingdom, China and Japan,
underlining its international
relevance.
Within the growth and in-
ternationalization strategy
of the Bernabu Tour, we
have consolidated the line
of work of extending and
improving commercial al-
liances with hotel chains,
strengthening remote ticket
sales through new tech-
nologies, agreements with
leading leisure and tourism
centres, tourism opera-
tors from Spain and other
countries who have the
THE APPEAL OF THE NEW BERNABU
TOUR IS UNDENIABLE AND THANKS TO
ITS LOCATION IT WILL CONTINUE TO BE
A CENTRE OF TOURIST INTEREST IN THE
CITY OF MADRID
highest penetration in their
respective markets, and
integration into the citys
tourist itineraries by having
a presence in the main tour-
ist information offices. The
strategy that has been fol-
lowed to attract childrens
groups to the Tour deserves
special mention, with its
marketing strategy using a
data-base of over 18,000
schools, which has helped
us to bring Real Madrid to
more than 100,000 school
children per season.
All of this, along with the
inclusion of products and
services within the tour,
has enabled us to give an
important qualitative leap,
to increase the number of
visitors and to increase the
income derived from this
line of business.
This way, the Bernabu
Tour will become a model of
cutting-edge operation, with
the latest technologies and
which looks to become an
international reference point.
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Events area
During last season the San-
tiago Bernabu stadium and
the Real Madrid Football
City hosted more than 200
commercial events thanks
to the hard work which has
been carried out. Products
have been created which
are adapted to different
seasonal stages and to
trends in the sector, such
as large-scale events, gala
dinners and company
matches, or product pre-
sentations, training activi-
ties and sales conventions.
The versatility of our
facilities allows us to host
all types of events and al-
ways with a high level of
satisfaction on the part of
the different companies who
entrust the organization of
their events to Real Madrid,
something which is undoubt-
edly reflected in the very high
level of repeat business.
Along with the expansion of
specialist agencies in the
sector, we have continued
to work with domestic and
foreign clients from vari-
ous sectors: the automobile
sector, telecommunications,
pharmaceutical, food and
drink, banking and tourism.
Commercial events are
becoming consolidated as
a recurring activity in the
commercial management of
Real Madrids facilities. This
line of activity, as well as
being an important source
of income, positions our
stadium as an international
reference point.
Restaurants
The Santiago Bernabu
stadium currently has four
top-level restaurants: Puerta
57 (located in Padre Damin
Street), ZEN Market, Asador
de la Esquina and Real Caf
Bernabu (these three are
located in Concha Espina
Street). All of them offer a
wide gastronomic variety
and their offers complement
each other in the Santiago
Bernabu and are gastro-
nomic reference points in
the city of Madrid.
This line of activity follows
an idea of business diversi-
fication within the stadium
and works alongside other
commercial activities inside
it, such as business events
and particular capacity
management actions.
The alliance with the current
manager of the bars conces-
sion at the Santiago Bern-
abu stadium and the Real
Madrid Football City, the
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131 130
Arturo Cantoblanco Group,
has recently been expanded
with the objective of con-
tinuing to generate a high
level of client satisfaction
by refitting the facilities and
through a commitment to
maintain effective and com-
plete resource management.
Real Madrid Caf Dubai
In accordance with the Real
Madrid brands internation-
alization strategy there are
plans to launch a new line
of business, which the club
had not explored until now,
with the development of a
mixed retail concept under
the Real Madrid Caf brand.
This consist of establish-
ing a series of commercial
premises which will feature
various businesses in a
single sales area, such as a
restaurant, a caf-bar and a
shop, all of this with content,
ambience and museum-
style decoration linked to
the Real Madrid brand.
The location chosen for the
first premises is Dubai. In
that line, last October an
agreement was reached
with a company which has
built up a proven experi-
ence in developing this
type of business in the
Arab Emirates with the aim
of setting the business in
motion in the Emirates
and the Middle East and
expanding it to different
locations there.
With this project Real Ma-
drid takes another step in
its international develop-
ment, bringing its brand, its
history and the Real Madrid
experience to the popula-
tion of the Middle East, a
region which is of particular
interest because of its dy-
namism, economic potential
and interest in football and
Real Madrid.
Real Madrid C. F.
Annual Report 2012 / 2013
Ingresos
THE SANTIAGO BERNABU STADIUM AND
THE REAL MADRID FOOTBALL CITY HAVE
HOSTED MORE THAN 200 COMMERCIAL
EVENTS THIS SEASON
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Relationship
Marketing
he Relationship Marketing Department that
manages the Real Madrid loyalty program, of-
fering advantages and promotions to members
and Real Madrid fans with membership cards,
has added more than 32,000 new Real Madrid
fans to the group of supporters, reaching the
figure of 500,000 cards issued since its launch. In order to
reward supporters who have been in the Loyalty Program
for over 10 years, the club awarded them with a new, ex-
clusively designed card.
T
WE HAVE REACHED
500,000 REAL MADRID
MEMBERSHIP CARDS
Real Madrid C. F.
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135 134
on their tablets, replicating
the programs sites model
on their mobile phones.
In the same vein, this sea-
son the club has wished its
members and Real Madrid
fans happy birthday by
sending them a very mov-
ing birthday greeting, to the
delight of their fans. The
honorees saw a movie, in an
experience in which they felt
they were transported on a
very special visit to Santiago
Bernabu stadium, with the
surprise of meeting play-
ers from the first team. The
players encouraged them to
come onto the playing field,
where a personalized tarp
with the supporters name
on it welcomed them and
wished them happy birthday.
The Real Madrid fan pro-
gram is present in all the
clubs official media and
mediums.
Internationally, the number
of Real Madrid fans who en-
joy the card outside our bor-
ders continues to increase.
The loyalty program is pres-
ent in over 140 countries.
The eMadridistas program
establishes a communica-
tion link with all the clubs
supporters. Over 200,000
new fans from all over the
world have joined. The pro-
The club continues to adapt
the program to new tech-
nologies. To do this, via the
development undertaken
in the official MyMadrid
application, members and
Real Madrid fans have the
possibility of showing and
carrying their cards in their
mobile phones, so that they
can be identified in the es-
tablishments where they are
offered advantages. Fur-
thermore, they can see the
promotions and even enjoy
the magazine Hala Madrid
gram is regularly in touch
with them at least twice a
month, by sending them in-
formative newsletters about
current events concerning
the team and the clubs
products and services.
In this current season, the
program has contacted over
1,200,000 Real Madrid
supporters.
Finally, so that supporters
can take and acquire their
personalized card with their
welcome pack in the most
Real Madrid surroundings,
the number of collection
points has been increased
in the new stores and in the
spaces created in the clubs
facilities.
THE LOYALTY PROGRAM CONTINUES TO
GROW ABROAD AND IS NOW PRESENT IN
OVER 140 COUNTRIES
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137 136
New Media
A UNIVERSAL
TELEVISION
CHANNEL
t broadcasts 24 hours, 7 days a week.
Our television channel, Realmadrid TV,
continues to expand and grow into new
territories, such as Brazil and the Unit-
ed States, which join the more than 85
countries around the world that con-
tinue to enjoy its programs. Both versions
the Spanish one and the English oneare
now present in over 30 million households.
The information about our club reaches all
the Real Madrid fans on the planet.
I
Real Madrid C. F.
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Mobile Marketing
Real Madrid continues to be
the benchmark club in the
new technologies sector.
Last season, this channel
definitively consolidated its
growth and development,
allowing all Real Madrid fans
to have access in real time
to the clubs most exclusive
content and services from
anywhere in the world.
MyMadrid took another step
in its consolidation strategy
as the benchmark app at a
global leveland not only for
a football club, but for any
sport institution. Its pres-
ence grew on iPhone and
Android platforms, for both
telephones and tablets, and
on televisions connected to
Samsung (Smart TVs). This
appavailable international-
lyhas broken a new record
by reaching over 3,500,000
downloads since its launch,
which establishes it as the
benchmark app in the foot-
ball industry worldwide.
In addition to having been
the first sport app with a
live signal of a sports TV
channel (with Realmadrid
TV broadcasting 24 hours
a day, in the two languages
our channel is broadcast in),
it has a series of services
placing it at the forefront of
apps for Smartphones and
tablets. From among these
services, we would like to
highlight the new and re-
modeled Real Madrid card
section, where support-
ers can enjoy this groups
exclusive publications and
magazines, a wide range of
offers and promotions, as
well as the chance to carry
their digital card within the
app itself for the first time
in this groups history. This
is a unique service that only
Real Madrid supporters
enjoy. The m-commerce
or mobile electronic com-
mercesection continues
to enable users to directly
acquire official club prod-
ucts with their terminals.
Moreover, the app has been
enriched this season with
new digital content, in order
to guarantee entertainment
for all Real Madrid support-
ers. This positions it as the
app that is rated highest by
its users.
THE MYMADRID
APPLICATION BROKE A
NEW RECORD BY
EXCEEDING 3.5 MILLION
DOWNLOADS SINCE
ITS LAUNCH
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The multiplatform social
game Real Madrid Fantasy
Manager 13 continues to
be a world leader in fantasy
sport games in the enter-
tainment sector, and one
of the most downloaded
games on the international
scene. This year, the game
reached tablets, and Real
Madrid was once again the
first football club to launch
a fantasy sport game on this
device. The results were re-
ally spectacular, with almost
three million downloads
since its launch.
As special actions, we
would like to highlight the
agreement reached last
season to develop and
launch the first app capable
of measuring the shooting
speed of professional and
amateur football players.
It is the first application on
the market able to obtain
this information.
Realmadrid.com and
Internationalization
In 2012, the international
versions of Realmadrid.com
continued bringing our
digital content closer to a
number of territories that
are strategic for the club.
The Arabic
(www.realmadrid-arabia.com),
Japanese (www.realmadrid.jp)
and Indonesian
(www.realmadrid.co.id)
versionsin addition to the
Spanish and English ver-
sionswere essential portals
so local supporters could
feel closer to our club, since
they were able to enjoy all the
Real Madrid information and
content in their respective
languages.
The launch of the Chinese
version of our website is
coming soon.
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COMMUNICATION,
MEDIA AND
CONTENT
142
Press
Publications
Realmadrid.com
Realmadrid TV
Social Networks
Table of Contents
145 144
ast season, Real Madrids Communication De-
partment managed over one thousand interviews
of players, members of the coaching staff and
managers. Nearly 400 press conferences were
organized, and 8,000 accreditations for informa-
tion professionals were processed among all the
competitions. The more than 120 million visits to Realma-
drid.com brought the clubs news closer to everyone, with
an immediacy that makes our website the leading source for
information about Real Madrid. In over 85 countries, this in-
formation is complemented by Realmadrid TV, which is also
available via mobile apps.
Communication,
Media and Content

L
Real Madrid C. F.
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Communication, Media
and Content
Table of Contents
147 146
Press
There was an increase in the
Press Departments activi-
ties during the 2012-2013
season, at all its levels:
institutional, football, bas-
ketball and youth academy.
The constant appearance
of new communication
mediaabove all on the
digital scenemade the
clubs contacts with this
matter multiply. Thousands
of requests for interviews,
information, image record-
ing, photography, etc. are
managed by the department.
The interviews granted and
carried out by the various
media again exceeded one
thousand, in addition to
400 press conferences with
coaches and players from
all our teams. In Bernabu
stadium, Palacio de los
Deportes and Real Madrid
Football City, 8,000 ac-
creditations for information
professionals were granted.
Publications
Hala Madrid
The ultimate magazine for
Real Madrid fans, with a cir-
culation of 215,000 copies,
reflects the life of the club
on its pages, with exclusive
reports that members and
Real Madrid cardholders
have the privilege of receiv-
ing at their homes every
three months.
Hala Madrid Jnior
Young fans also have their
own publication, which is
published in a more casual
tone. It has more participa-
tion from young readers
via games, contests and
hobbies.
The club publishes two
quarterly magazines online:
Hala Madrid online, which
10,525 international Real
Madrid fans receive, and
eMadridista News, aimed
at 154,225 eMadridistas.
These are sent every three
months to their emails.
Match Press Kit
This publication aimed at
accredited press in Liga
matches in Santiago Ber-
nabu stadiumwhich is
also distributed to guests
at the stadiums directors
boxturned four in the
2012-2013 season. It offers
the most interesting statis-
tics and the most spectacu-
lar photos of our players
and our facilities.
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Annual Report 2012 / 2013
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and Content
Table of Contents
149 148
Grada Blanca
The Santiago Bernabu
match program is one of
the oldest publications. It is
still published with all the
information about the corre-
sponding Liga game.
Members Bulletin
Publication of this bulletin
has multiplied because it is
emailed to members every
week, with all the clubs
news.
Champions League
Draw Dossier
Real Madrids rival teams
in the Champions League
have a publication with all
the information necessary
for their trips (means of
transport, accommodations,
facilities, security, press,
itineraries . . .).
Media Basketball Guide
This publication is designed
to offer information about our
basketball section to all the
media in the world, to rival
teams, to institutions, etc.
The Foundations
Annual Report
This is the Realmadrid
Foundations report. Al-
though in the clubs annual
report there is a chapter on
the Foundations activities,
this publication goes into
detail and expands on this
information, with all the pro-
grams and actions carried
out during the season.
The Foundations
Magazine
A quarterly publication
with information about the
Realmadrid Foundation.
Annual Report and Annual
Economic Report
This is the clubs report that
the president and the Board
of Directors submit for ap-
proval at the General Assem-
bly of Delegate Members.
Coleccin Everest
Real Madrids official books.
The latest edition, dedicated
to one of our captains:
Sergio Ramos.
Real Madrid C. F. Informe Anual
2011 2012
REAL MADRID C. F. - REAL VALLADOLID C. F.
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LA REVISTA EXCLUSIVA DE LOS MADRIDISTAS
SEPTIEMBRE - NOVIEMBRE 2012
NMERO 44 5,25
Hala M
adrid 5 Septiem
bre - Noviem
bre 2012
de la Supercopa de Espaa
C2201_R68337_HM44POR[HM44 PORTADA_1]_001_1.BK.indd 1 15/11/12 17:23
Real Madrid C. F.
Annual Report 2012 / 2013
Communication, Media
and Content
Table of Contents
151 150
Realmadrid.com
The white website received
over 120 million visits last
season. From all corners
of the world, supporters
of our club were able to be
informed up to the minute
about Real Madrids cur-
rent events. Live broadcasts
have continued to be one
of the websites greatest
undertakings: press confer-
ences, presentations, club
functions and broadcasting
of the Classic Match could
be followed live on our plat-
form. Wherever Real Madrid
traveled, the clubs website
was there to inform Real Ma-
drid fans in a timely manner.
The importance of audio-
visual materials and pho-
tography grew this season.
Realmadrid TV
Realmadrid TV has contin-
ued to boost its program
schedule in order to meet
the demand with the high-
est quality from Real Madrid
supporters. Real Madrids
news has been reported with
the immediacy and rigor of
its news programs and hourly
news bulletins.
Live broadcasts have in-
creased throughout the
entire season, with the pre-
game and post-game shows
particularly standing out. The
show Hoy Jugamos is now
a classic for all Real Madrid
television viewers. The com-
prehensive summaries of
the Liga, Cup and Champi-
ons matches have played a
leading role in the channels
programming. Through the
two weekly debates, Real
Madrids current events
have been analyzed, with
the plural presence of sports
journalists specialized in rep-
resenting the media.
This has been, without a
doubt, the year of basket-
ball on the clubs official
channel. Realmadrid TV has
broadcast the Euroleague
live. Pablo Lasos team
reached the Final Four in
London in this competition.
The Spanish Super Cup and
the Endesa League were the
titles Real Madrid attained,
and both were thoroughly
covered by the channel,
with special live programs
The website also devoted a
lot of effort to information
about the youth academy
and about basketball. All the
final stats about the Factory
playersfrom the u-8s to
the Castilla teamcan be
seen on the white website;
the same goes for the bas-
ketball youth academy.
Currently, the club is work-
ing on a new website which
will be available to everyone
soon; a more interactive
website that is better adapt-
ed to new technologies and
that has a greater presence
on social networks; a web-
site that will continue to be
a meeting place for all the
Real Madrid supporters
around the world.
Table of Contents
153 152
that had specialized journal-
ists and former Real Ma-
drid players on it. We were
able to experience the best
season in Real Madrid Cs
history live: the channel
broadcast all its games.
Furthermore, we could
watchlive or prere-
cordedsome of the best
national and international
tournaments, which teams
from our youth academy
participated in.
Moreover, the channel
has broadcast live most
events and occasions of the
clubs social life. Real Ma-
drids historic matches have
been relived with special
emotion throughout the
season, showing how sen-
sitive the channel is to our
clubs legend.
Real Madrid C. F.
Annual Report 2012 / 2013
Communication, Media
and Content
Table of Contents
155 154
Social Networks
The social networks are
coordinated by the Technol-
ogy and Systems depart-
ment, in cooperation with
other departments in the
club, among them the Com-
munication Department. It is
a channel for bidirectional
communication between
Real Madrid and its sup-
porters. During the season,
it was consolidated as a
benchmark at the interna-
tional level.
In June 2013, more than 60
million supporters followed
us on some of the main plat-
forms: Facebook, Google+,
YouTube, Twitter, Instagram,
Ren Ren, Tencent, etc. This
represents a 41% increase
(more than 16,000,000 fans)
on the previous season.
Communication is in several
languages: Spanish, Eng-
lish, Chinese, Japanese,
Arabic and French. It is
characterized by its im-
mediacy. It focuses on the
clubs current events and
complements Realmadrid.
coms communication.
From among the most note-
worthy milestones of the
season, we must highlight
the opening of an Instagram
profile, which reached half a
million fans in its first week;
as well as exceeding 40 mil-
lion Facebook fans, three
million Google+ fans and
over 12 million Twitter fol-
lowers. The English Twitter
account now exceeds two
millions followers.
The clubs official chan-
nel on YouTube deserves
special mention. It has over
700,000 subscribers and a
monthly average of 18 mil-
lion videos viewed. For the
first time, the clubs func-
tions were streamed live
this season.
Real Madrid C. F.
Annual Report 2012 / 2013
Communication, Media
and Content
Table of Contents
REALMADRID
FOUNDATION
156
National operations
International operations
Communication
Events
Table of Contents
159 158
National operations
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
THE FOUNDATIONS
SOCIO-ATHLETIC
PROJECTS SHARE OUR
VALUES WITH MORE
THAN 8,000 PEOPLE.
ore than 8,000 people in Spain are helped
by the Foundations programmes and of
them, more than 4,000 are boys or girls
between five and 17 years of age. These
young people benefit from the work done
at the 55 sports and social projects/acad-
emies for both football and basketball, that the Federation
runs throughout Spain. Our objective is to share positive
values in order to promote healthy, sporting lifestyles and
to work with young peoples families in order to give them
a holistic education. These are socio-educational projects
targeted at young people, some of whom may be at risk of
exclusion. 30% of the places at the academies are offered
to socially disadvantaged young people.
M
Table of Contents
161 160
Significantly, eight socio-
athletic academies have
opened in Logroo, Ibiza,
Mahn, Las Tablas-Madrid,
Puerto Lumbreras and Melilla,
in addition to football and
basketball academies. For
the coming season, we have
signed agreements to inau-
gurate further academies in
Oviedo and Motril, in addition
to two academies in Madrid,
one of which will be a spe-
cialised centre for wheelchair
basketball. Our objective is
the same wherever we oper-
ate: to share positive values
in order to promote healthy,
sporting lifestyles and to
work with young peoples
families in order to give them
a holistic education.
The socio-athletic acad-
emies include two training
programmes targeted at
teachers which have be-
come established as re-
sources for teaching sports
trainers. They are known
as They play we teach and
For a real education: values
and sport. From February
to March the sports centres
participate in an internal
tournament (in the Real
Madrid Sports Complex for
football and in Arganzuela
for basketball). Boys and
girls put into practice what
they have learned through-
out the season in training
and they enjoy being able
to compete in their favou-
rite sport with their friends,
team-mates and family.
The objective behind the cen-
tres is to offer holistic educa-
tion and give people the op-
portunity to enjoy the sport
of football. Boys and girls are
also offered training in the
technical, tactical, physical,
human, ethical and intellec-
tual facets of the game.
For the fifth year running,
we held our Inclusive Cam-
pus event, whereby able
bodied youngsters from our
centres live alongside and
train with youngsters who
use wheelchairs, with the
aim of enjoying the sport of
basketball together.
Finally, in the summer and
Christmas school holidays,
the centres offer sports
schemes for football, tennis
and basketball. The schemes,
known as the Campusexpe-
rience, aim to improve the
technique of those attending
and also offer a wide variety
of fun and innovative learning
activities. The last time these
were held, around 2,200
youngsters participated,
aged from 7 to seventeen and
including 40 different nation-
alities. This year, the schemes
were expanded and organ-
ised in four different Spanish
cities: Madrid, Santander,
Cartagena, and Fuerteven-
tura. They were also held in
England, Poland, and in Brazil
in the Christmas holidays.
Table of Contents
163 162
Socio-athletic academies
in prisons
During the season, the
Realmadrid Foundation
has maintained a presence
in 20 prisons on the Iberian
Peninsula and has expand-
ed this part of the operation
to Ibiza. Currently, we have
41 academies in prisons
throughout Spain, 21 dedi-
cated to football and 20
to basketball.
Socio-athletic academies
in other institutions
The objective of these cen-
tres is to promote sport and
the inherent values that go
with it within a framework
of social integration. Cur-
rently, there are three such
schools in the Madrid Au-
tonomous Region and they
have operated with great
success. There is one in
the childrens home Picn
de Jarama (in Paracuellos),
one in the home Residencia
Manzanares and one in the
youth centre in Chamber.
During the season, a fur-
ther two centres operate in
detention centres in Murcia
and Alicante. In addition,
a further centre has been
established at the family
help centre, the Casa
de la Almudena.
Basketball for children
in hospital
The aim of this programme
is to provide an atmosphere
of well-being and normal-
ity for children who have
been admitted for long term
treatment due to various
conditions. We also aim to
provide parents and fami-
lies with a meeting place to
help them with the long days
that they have to spend in
hospital. During the season
2012/2013, we operated six
such centres in the Madrid
Autonomous region at the
following hospitals: Hospital
Gregorio Maran, Hospital
Universitario Doce de Octu-
bre, Hospital Universitario
La Paz, Hospital Nio Jess,
Hospital Ramn y Cajal and
the Hospital Universitario
Monteprncipe.
Physical activities
for the elderly
This programme has been
set up to help people over
the age of 65 keep fit and
active and thereby contrib-
ute to their self-esteem and
improve their social lives.
The headquarters of this
programme is at the sports
centre Canal Isabel II, in
Madrid where 250 elderly
people access the service.
Centre for volunteers
in Madrid
In the 2011-12 season, the
Realmadrid Foundation
launched the centre for
volunteers in Madrid. The
centre has become very
well established throughout
the season thanks to the
solidarity of more than
250 people who give up
their time to help our
social causes.
The Solidarity with
children campaign
The Realmadrid Foundation,
the department store El Corte
Ingles, and the Spanish Red
Cross have signed an agree-
ment to operate the campaign
Solidarity with children.
The objective is to provide
560,670 afternoon snacks to
more than 5,000 children over
a period of 110 days.
The campaign is organised
within the framework of
The promotion of success
at school programme, or-
ganised by the Spanish Red
Cross, whereby afternoon
snacks are given out to sup-
plement the diets of children
from the most disadvantaged
families in the 14 Autono-
mous Regions of Spain.
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
165 164
International
operations
REAL MADRID
HEART AND SOUL
IN 209 SCHOOLS
IN 67 COUNTRIES
34,000 children access the programme in 208 schools, en-
abling them to grow and be educated within the best values
of madridismo: self improvement, respect, companionship,
solidarity and the rejection of racism.
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
167 166
The presence of the
Realmadrid Foundation in
the Americas keeps grow-
ing. After the huge expan-
sion over the last four years,
this season has seen the
strengthening and consoli-
dation of our work in Argen-
tina, Bolivia, Brazil, Chile,
Colombia, Costa Rica, Cuba,
Ecuador, The United States,
El Salvador, Haiti, Guate-
mala, Honduras, Jamaica,
Mexico, Nicaragua, Panama,
Paraguay, Peru, The Do-
minican Republic, Trinidad
and Tobago, Uruguay, and
Venezuela. One of the great-
est milestones has been
the signing of an agreement
with Microsoft, whereby
they have agreed to make
a donation to our projects
in Argentina, Brazil, Colom-
bia, Ecuador, and Mexico.
They will also be donating
software to assist the tech-
nological capabilities of our
partner organisations and
beneficiaries in Latin Ameri-
ca and the Caribbean.
The African programme of
socio-athletic academies
was initially funded by two
charity matches, which
took place during succes-
sive seasons, 2010-11 and
2011-12. These games were
given the title Corazn
[heart] Classic Match. This
programme has enabled the
Foundation to strengthen
the delivery of holistic de-
velopment for boys and girls.
The results this season have
been excellent, with an ef-
fective presence in 28 coun-
tries, and a total of 40 socio-
athletic academies: Angola,
Algeria, Benin, Burkina
Faso, Burundi, Cape Verde,
Cameroon, Egypt, Ethiopia,
Ghana, Equatorial Guinea,
Kenya, Madagascar, Malawi,
Mali, Morocco, Mozam-
bique, Niger, Central African
Republic, The Republic of
Congo, The Democratic
Republic of Congo, Rwan-
da, Senegal, Sierra Leona,
South Africa, Tanzania,
Togo, and Uganda.
In the Middle East, the
Foundations programme of
social-athletic academies is
bearing fruit. Our activities
Table of Contents
169 168
adolescents with little of few
resources, who are at risk
of being marginalised and
socially excluded in Azerbai-
jan, Hungary, Italy, Poland,
Portugal and Romania.
In Asia, the work of the
Foundation has consolidat-
ed and strengthened, follow-
ing the objectives that we
had outlined for this conti-
nent. We have strengthened
our operations in China,
India, and Indonesia. We
have established academies
in East Timor. The biggest
football academy in the
world, Evergrande in China
has now been operating for
nearly a year and was visited
by our president.
in this region are centred
on education in citizenship,
peace, and the promotion of
health living. We operate in
Saudi Arabia, Bahrain, The
United Arab Emirates, Israel,
Jordan, Kuwait, Kurdistan
(Iraq), Lebanon, Oman, Qatar,
Palestine and Pakistan. The
programmes offering tech-
nical training and the skills
clinics are key in the region,
due to the interest in high
performance football. With
our activities in the region,
we reach out to young peo-
ple at risk of exclusion and
our operational model also
enables us to invest in social
programmes.
Since the first steps were tak-
en to expand the Realmadrid
Foundation into Europe two
seasons ago with the cre-
ation of the first academies,
our presence has expanded
just at a time when the conti-
nent has been going through
great economic difficulty.
We have continued with our
work of promoting the social
inclusion of boys, girls and
OUR ACTIVITIES IN THIS REGION ARE
CENTRED ON EDUCATION IN CITIZENSHIP,
PEACE, AND THE PROMOTION OF
HEALTH LIVING.
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
171 170
Communication
Editorial
Sergio Ramos biography
was presented in the VIP
box of the Bernabeu sta-
dium. The book, entitled
Corazn, Carcter y Pasin
[Heart, Character and Pas-
sion] was written by the
journalist Enrique Ortego
and published by Everest.
It tells the story of this leg-
end of the Whites though
his contribution on the field,
trophies, ambitions, and
dreams.
ONLINE MEDIA
Realmadrid.com
The Real Madrid website,
Realmadrid.com includes a
page dedicated to the Foun-
dation and receives more
than ten million visits each
month. The most important
news and activities and pub-
lished on the site.
E-newsletter
Sent out every month,
this gives information to
the members and partners
of the Foundation regard-
ing the most important
developments.
Social networks
In an effort to get the most
supporters possible, the
Foundation maintains a high
profile on Facebook. This
season our number of follow-
ers surpassed one million.
In addition, our Twitter
account, which offers the
most immediate updates of
our activities now has over
145,000 followers.
Reportaje
El convenio con HSBC
permite la apertura de
nuevas escuelas
Patrimonio
70 aniversario de la
presidencia de Santiago
Bernabu
N 42 13
NUESTRAS ESCUELAS
TRABAJAN
POR UN DEPORTE
SIN BARRERAS
PUBLICATIONS
The Realmadrid Foundation
is conscious of the impor-
tance of communicating our
message, both to any or-
ganisation or persons who
support or could potentially
support us, and to soci-
ety in general. We do this
though different media:
Magazine
The magazine is published
quarterly and 8,000 cop-
ies are printed. It is sent to
patrons, partners, sponsors
and former players.
Activity report
This details, with illustra-
tions, the activities and
projects which the Founda-
tion undertakes in Spain
and throughout the world. It
includes a finance report.
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
173 172
Events
The Luis de Carlos Forum
The Luis de Carlos Forum,
paying homage to the man
who was president of the
club from 1978 to 1985, is
our vehicle for debate. It
helps us to analyse the
impact that sport has in the
world and to get yet more
acquainted with the history
of Real Madrid. This season
we held two meetings.
Goal scorers
The first meeting of the
forum brought together an
array of former players such
as Paco Gento, Amancio
Amaro, Davor Suker, Fer-
nando Morientes, and Emilio
Butragueo. All spoke of
their pride at having played
a part in different successful
eras in Real Madrids history.
Real Madrid and basketball
The Real Madrid players
Felipe Reyes, Rudy Fernn-
dez, Sergio Rodrguez, and
Sergio Llull, accompanied
by personalities from the
history of Spanish basket-
ball such as Pedro Ferrndiz,
Rafael Rulln, and Alberto
Herreros, spoke about the
essence of good basketball
and the responsibility of
wearing the white shirt.
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
175 174
paign Solidarity with chil-
dren, and will fund the dis-
tribution of more than half
a million afternoon snacks
over 100 days to more than
5,000 disadvantaged boys
and girls all over Spain.
Charity golf tournament
This year the Realmadrid
Foundations fourth charity
golf tournament was held,
with Samsung the main
sponsor for the second year
running. In addition, for the
first time, a golf circuit was
organised from April to June
2013. The proceeds from
the tournament and from the
circuit will go to the Foun-
dations programme at the
Majadahonda school for
adapted basketball.
LEGENDS FROM REAL MADRID AND
JUVENTUS CAME HEAD TO HEAD ONCE
AGAIN IN THE CORAZN CLASSIC
MATCH 2013 VERACRUZ IN A FULL
BERNABU STADIUM.
Corazn Classic Match
2013 Veracruz:
Solidarity with children
The Realmadrid Foundation
organised a charity match
between Real Madrid Leg-
ends and Juventus of Tu-
rin Legends. Amongst the
names on the field, those
of Zidane, Figo, Roberto
Carlos, Morientes, Redon-
do, Santillana, Cannavaro,
Nedved, and Peruzzi stood
out. The proceeds from the
game will go to the cam-
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
177 176
Heritage Centre
MORE THAN 228,00
ITEMS ON DISPLAY
he functions of the Realmadrid Foundation
include the management of the clubs Heritage
Centre. The Centre is located at Real Madrid
City, where it receives, classifies, inventories,
catalogues and digitalises all the objects and
documents received from the administrative and
sporting management of the club itself and those donated or
loaned by fans who generously wish to contribute to making
the clubs history better known.
T
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
179 178
matches, old footballs and
basketballs, sports shirts
and boots, antique sports
toys, sports sculptures,
player registration forms,
club membership cards,
etc. Objects that bring back
childhood memories for
our older visitors and never
cease to surprise the young.
The images are used to il-
lustrate the clubs communi-
cations media: Realmadrid.
As of today, over 228,000
objects have been cata-
logued. These include player
registration forms and con-
tracts, trophies, gifts, flags,
shirts, match posters, im-
ages, audio tapes, videos...
Some of this material has
served to increase and re-
new the contents that form
part of the Bernabu Tour.
Displays include posters
and tickets from historic
com, Realmadrid TV, the
magazines Hala Madrid and
Hala Madrid Jnior, Grada
Blanca, Members bulletin,
the Realmadrid Foundation
magazine and the Real Ma-
drid social networks, as well
as official Real Madrid books.
We have even sent con-
tents to Nicaragua for a
photographic exhibition to
celebrate the 111th anniver-
sary of Real Madrid. After
last years success with
the Madridista exhibition at
the Luis de Carlos Forum
dedicated to The fans,
this season each meeting
has included a thematic
exhibition.
In February, the Luis de
Carlos Forum Goal Scor-
ers included images and
balls, as well as the shirts
of some of the great Real
Madrid forwards.
Table of Contents
181 180
In April, at the Luis de Car-
los Forum Real Madrid and
basketball, the Founda-
tion exhibited images, balls,
boots, publications, posters,
and shirts of the great play-
ers of the basketball sec-
tion of Real Madrid. These
included a shirt belonging
to Fernando Martn, some
shorts of Carlos Sevillano
and some sports boots of
Emiliano Rodrguez.
In June, on the occasion
of the Assembly of Real
Madrid Fan Clubs, the
Foundation organised an-
other exhibition of historic
objects of the club in the
entrance to Real Madrid
City. Visitors were able to
contemplate the evolution
of the shirt up to the current
season, as well as boots
and balls from all eras.
At the VIP Area party, Real
Madrid displayed some of
the most emblematic tro-
phies of the club in order to
recreate a historic setting.
In every issue of the Foun-
dation magazine we re-
member a special event and
several of the names that
have forged the legend of
Real Madrid.
All the sectors of Real Ma-
drid are aware of the impor-
tance of the clubs Heritage
Centre. This has led to the
contribution of many ob-
jects and documents that
have been received during
this season. These include
old pictures (slides, nega-
tives and photographs),
player registration forms
and contracts, magazines,
posters, plans, videos and
recordings
THE COLLECTIONS OF THE HERITAGE CENTRE ARE
INCREASING THANKS TO THE GROWING AWARENESS
OF ALL THE SECTORS OF THE CLUB
Real Madrid C. F.
Annual Report 2012 / 2013
Realmadrid Foundation
Table of Contents
REAL MADRID
UNIVERSITY
SCHOOL
UNIVERSIDAD
EUROPEA
The school is present in 13 countries and offers 10
university masters degrees. Its objective is to devel-
op multidisciplinary academic training in the areas of
management, communications, health and physical
activity, always with sport as a common element.
182
Table of Contents
185 184
The school offers 10 univer-
sity masters programmes:
Business Administration and
Sports Management, Com-
munication and Sports Jour-
nalism, Sports Management
(Online), Sports Training and
Athlete Nutrition, Sports
Physiotherapy, Talent De-
tection and Development in
Soccer, Sports Law, Sports
Marketing, Entertainment
Business Management, and
MBA in Sports Management,
taught entirely in English.
A well-established school
In this academic year alone,
over 1,000 students have
received training here.
On 8 May, a new school was
opened at Kendall College
in Chicago. The Director of
the Real Madrid School of
University Studies Univer-
sidad Europea de Madrid,
Emilio Butragueo, attended
the event.
As for academic trips,
students of the Master of
Business Administration
in Sports Management
travelled to London and
New York.
Students of the Masters
Degree in Talent Detection
and Development in Soccer
visited Ajax Amsterdams
Academy.
Mexico

Universidad
del Valle
Portugal

Isla
Costa Rica

Universidad Latina
Germany

Business
and Information
Technology School
Ecuador

Universidad
de Las mericas
Spain

Universidad
Europea de
Madrid
Brazil

Amhembi
Morumbi
Morocco

Universit
Internationale
de Casablanca
Peru

Universidad
Peruana de las
Ciencias Aplicadas
Turkey

Istanbul Bilgi
University
USA

Kendall College
de Chicago
Chile

Universidad
de Las mericas
Cyprus

European
University of
Cyprus
Table of Contents
187 186
White week
Among the unique experi-
ences offered by the School
is White Week. From 18 to 22
February, the students at-
tended the Santiago
Bernabu stadium with the
objective of getting to know
the different areas of the
club. In this way the students
are able to approach profes-
sional reality through the
experience and knowledge of
the clubs executives.
Ctedra Real Madrid
This programme is directed
by the winner of the Nobel
Prize for Literature, Mario
Vargas Llosa.
In its fifth edition, the Real
Madrid study programme
has awarded 10 research
grants amounting to 50,000
euros. On this occasion they
were presented by the presi-
dent of Real Madrid, Floren-
tino Prez, and by the winner
of the Nobel Prize for Litera-
ture, Mario Vargas Llosa.
Vargas Llosa was the spon-
sor of the 7th group of stu-
dents who graduated from
the school in the 2012/13
academic year, and whose
graduation ceremony was
held on 2 July at the San-
tiago Bernabu stadium.
New for the 2013/14 aca-
demic year, it should be
emphasised that each mas-
ters degree will be directed
by a Real Madrid executive
as co-director. Furthermore,
it is appropriate to mention
that 81 directors and man-
agers from all areas of the
club will participate in the
different programmes.
Real Madrid C. F.
Annual Report 2012 / 2013
Real madrid University School
Universidad Europea
Table of Contents
188
VETERANS
Real Madrid C. F. Former Players Association
Real Madrid Basketball Players Association
Table of Contents
191 190
Real Madrid C. F. Former
Players Association
The veterans are ambas-
sadors of the club and they
defend the values they
demonstrated as players.
The Association has per-
formed its charity and social
welfare activities through
numerous football matches,
during which they have en-
tertained the fans who have
flocked to see them in Spain
and abroad. Their Manage-
ment Board works in three
committees: sporting, eco-
nomic and social.
Veterans
Real Madrid C. F.
Annual Report 2012 / 2013
Veterans
REAL MADRID C. F.
FORMER PLAYERS
ASSOCIATION
During the season, the Real
Madrid Former Players
Association team played
in 20 football matches, 15
indoor and four seven-a-
side matches, with excellent
results. The veterans have
continued to represent the
club on different institu-
tional and social or sporting
occasions and have attend-
ed events organised by the
foundation, the fan clubs
and the members. Their new
Management Board has
diversified the functions via
its three committees.
Table of Contents
193 192
Real Madrid Basketball
Players Association
A large number of the activi-
ties in which the Real Madrid
Basketball Players Associa-
tion participates are social
welfare events. Once again
this year, they have contin-
ued playing in charity match-
es to collect funds that help
perform social actions.
The team took part in
friendly matches in favour of
Sevilla Solidaria and in sup-
port of the collection of food
items in Mstoles.
It was the protagonist of
the Superfinal of the School
League championship of
Russia, organised by Kes-
Basket in Perm (Russia),
in which our team played
against Perm, a former club
of the Russian Professional
Basketball League.
This year, the Association
has again continued with
the programme for sponsor-
ship of teams of the lower
categories of the club. Ja-
vier Garca Coll, Vicente
Paniagua and Jos Luis
Llorente have sponsored the
youth teams.
In July 2012 the 6th Basket-
ball Campus was held, at-
tended by 41 girls and boys,
aged between 8 and 16, at
the installations of PDM San
Javier Murcia. This occasion
benefitted from the atten-
dance of the former players
Johnny Rogers (who gave
passing and shooting class-
es), Beirn (shooting) and
Arlauckas (pivot movements).
At a social welfare level, the
Association continued to
support some of the families
of former club players, such
as the daughters of Carlos
Garca Ribas, who died in
2009, taking care of the girls
school expenses.
PARTICIPATION IN CHARITY AND SOCIAL WELFARE
MATCHES IS ONE OF THE MAIN ACTIVITIES OF THE
BASKETBALL VETERANS
Real Madrid C. F.
Annual Report 2012 / 2013
Veterans
Table of Contents
194
GROUP
MANAGEMENT
REPORT
For the ended June 30, 2013.
The management report for Real Madrid Club
de Ftbol and Subsidiary, including an analysis
of its earnings performance in 2012/2013,
is presented below.
Table of Contents
197 196
Marketing
26%
Broadcasting
34%
Members
and Stadium
28%
Marketing
32%
Broadcasting
31%

Int. &Friendly
Matches
9%
Members
and Stadium
40%
2
0
1
2
/
1
3
2
0
1
1
/
1
2
2
0
1
0
/
1
1
2
0
0
9
/
1
0
2
0
0
8
/
0
9
2
0
0
7
/
0
8
2
0
0
6
/
0
7
2
0
0
5
/
0
6
2
0
0
4
/
0
5
2
0
0
3
/
0
4
2
0
0
2
/
0
3
2
0
0
1
/
0
2
2
0
0
0
/
0
1
1
9
9
9
/
0
0
Operating income for 2012/2013 amounted
to 521 million, which represents an increase
of 7 million (1.3%) with respect to the prior
year, thereby consolidating revenue greater
than 500 million for two consecutive years, a
threshold figure which no other sporting entity
in the whole world has exceeded.
This income comes from the Clubs business
lines: the stadium, television, and marketing.
The income from player transfers is not includ-
ed; this is reflected in the income statement
under Gains (losses) on disposals and other
gains and losses.
The business lines which contributed most
to income growth in 2012/2013 were friendly
matches and international competitions.
Member contributions, from both quotas as
well as season passes, represented 9.5% of
total income.
Over the 1999-2013 period, income averaged
annual growth of 12%.
Future projections are based on strengthen-
ing the brand by investing in and commercial-
izing great players, and developing business
lines while expanding internationally; these
are the Clubs main competitive advantages
which position it as one of the worlds top
football clubs.
Members and Stadium
Int. & Friendly Matches
Broadcasting
Marketing
MILLION
1
2
%

a
v
e
r
a
g
e

y
e
a
r
ly

g
r
o
w
t
h
521
514
480
442
407
366
351
292
276
236
193
152
138
118
0
50
100
150
200
250
300
350
400
450
500
550
Operating income
(prior to disposals of non-current assets)
The Cl ub has attai ned a bal anced i ncome
structure, with its three main revenue drivers
(stadium, broadcasting, and marketing) each
contributing around one-third of the total.
The diversification of recurring revenue sourc-
es confers financial stability to the Club, cush-
ioning the impact of potential fluctuations in
revenue as a result of varying performance on
the field and the broader economic backdrop.
This chart depicts the trend in the ratio of the
Clubs total personnel expenses and operat-
ing income (prior to disposals of non-current
assets).
This is an internationally-used parameter to
measure a football clubs operating efficiency,
necessary to determine its future viability. The
lower the ratio, the more efficiently the Club
is performing.
Income growth was accompanied by a con-
certed effort to contain costs and improve
efficiency, reflected in a stable ratio of 47%
in 2013.
Real Madri ds rati o i s wel l under the 50%
standard considered the excellence thresh-
old, and substantially below 70%, which is
the maximum level recommended by the Eu-
ropean Club Association (ECA).
2
0
0
0
/
0
1
2
0
0
1
/
0
2
2
0
0
2
/
0
3
2
0
0
3
/
0
4
2
0
0
4
/
0
5
2
0
0
5
/
0
6
2
0
0
6
/
0
7
2
0
0
7
/
0
8
2
0
0
8
/
0
9
2
0
0
9
/
1
0
2
0
1
0
/
1
1
2
0
1
1
/
1
2
2
0
1
2
/
1
3
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0%
86%
90%
72%
52% 52%
47% 47%
48%
46% 46%
43%
45%
46%
Maximun recommended by the
European Club Association
Breakdown of operating income
(before net gains from disposals)
Wages to turnover ratio
Table of Contents
199 198
2
0
0
6
/
0
7
2
0
0
7
/
0
8
2
0
0
8
/
0
9
2
0
0
9
/
1
0
2
0
1
0
/
1
1
2
0
1
1
/
1
2
2
0
1
2
/
1
3
Income Statement

The 2012/2013 financial year saw operating
revenue of 521 million, a 7 million year-on-
year increase (1.3%), and 132 million in op-
erating profit before amortization/deprecia-
tion and disposals of assets, 2million less
than the previous year.
This result, after including the results from
transfers of players, gave rise to an EBIDTA
of 150 million, 4 million less than in the pri-
or year. Income obtained in 2012/2013 from
transfers of players was much greater than
that obtained in the prior year, though said
year also included non-recurring gains from
the sale/disposal of assets.
Thi s operati ng surpl us represents 48 mi l -
lion of profit before taxes and after deducting
amortization/depreciation and financing ex-
penses, 15 million more than in the previous
year. In order to understand this change, it is
necessary to consider, on the one hand, the
decrease in amortization expenses for play-
ers as a result of reducing investments, trans-
fers carried out, and the remaining useful life
of player contracts; and on the other hand,
the decrease in financial expenses as a result
of reducing the balance of bank borrowings
and reducing finance costs.
The robust profit obtained in such a challeng-
ing economic climate is a clear indication of
the Clubs profitability and economic potential.
EBITDA (before net gains on disposals) is the
Clubs operating surplus after deducting per-
sonnel and other operating expenses from
recurring revenue. This is the Clubs source
of recurring revenue which enables it to in-
vest in the players and facilities set out in its
business plan, as well as to meet its financial
commitments.
As is evident in the reconciliation of this years
income statement to the budget, included in
the notes to the 2012/13 consolidated finan-
cial statements, EBITDA (before net gains on
disposals) totaled 132 million, representing a
slight year-on-year decrease. Income growth
and increased efficiency in operating expenses,
achieved within a difficult economic environ-
ment, was used to strengthen the football and
basketball squads, which resulted in increased
sporting staff expenses, further penalized for
another year due to changes in tax regulations
that went into effect in 2012. The reported
EBITDA figure of 132 million (before net gains
on disposals) represents 25% of the 521 mil-
lion recognized for operating income, i.e., for
every 100 generated in income, a surplus of
25 is obtained after covering expenses.
Looki ng back i n ti me, EBITDA (before net
gains on disposals) has trended consistently
higher, which, in spite of the impact of the
general economic situation, highlights the
focus of the Clubs fi nanci al management
on raising profitability by combining income
growth with cost control.
140
120
100
80
60
40
20
0
-20
-40
-60
160
-24
-33
1
51
47
58
66
93
96
112
134
132
148
2
0
0
0
/
0
1
2
0
0
1
/
0
2
2
0
0
2
/
0
3
2
0
0
3
/
0
4
2
0
0
4
/
0
5
2
0
0
5
/
0
6
MILLION
Operating profit before depreciation and amortization
and gains (losses) on disposals
(EBITDA before Gains (losses) on disposals)
Million 2011/2012 2012/2013
OPERATING INCOME 514 521
Annual growth 7 % 1 %
OPERATING SURPLUS before net gains on disposals
(EBITDA before net gains on disposals)
134 132
% s/Income 26 % 25 %
OPERATING INCOME before depreciation and amortization (EBITDA) 154 150
PROFIT BEFORE TAXES 32 48
Table of Contents
201 200
Investments

The Cl ub i nvest ed 118 mi l l i on dur i ng
2012/2013: 32 million were invested in new
installations (residences for the first team and
sporting complex) and improvements to in-
stallations; 86 million were invested in the
acquisition of sporting staff, a significant part
of which (24 million) corresponding to acqui-
sitions for the 2013/2014 season which were
carried out before June 30, 2013.
After the great investment effort in players,
especially in 2009, the Club managed to con-
tinue this year, as in the previous two years,
with an investment cost containment strat-
egy resulting in it continuing to strengthen its
team whilst simultaneously limiting its net in-
vestment in players (acquisitions-transfers) to
45 million, also made possible thanks to the
revenue generated from the sale of players in
the year amounting to 41 million.
An analysis of the performance of investments
between 2000 and 2013 reveals that, apart
from investing in players, the Club has also
earmarked significant amounts for building
and upgrading its facilities:
208 million were spent on the stadium to
modernize the facilities and improve their
quality and user-friendliness for spectators,
as well as to equip the media and services
facilities to further enhance the stadiums
marketing potential, generating a very sig-
nificant annual return.
170 million were invested in the building of
the Real Madrid City training complex (Ciu-
dad Real Madrid), currently considered the
l argest sports compl ex ever bui l t by a
football club. Extending 120 hectares, it is
10 times the size of the former sports com-
plex. Due to its ideal location in one of the
fastest developing areas of Madrid with ex-
cellent public transportation, the Real Ma-
Cash and cash equivalents

The Club ended the year with a cash balance
of 156 million, up 43 million over last year.
If 41 million in current financial investments
at June 30, 2012 are included in last years
figures, the total amount recognized for the
cash balance and financial investments at
June 30, 2013 is 2 million higher than for the
prior year.
Along with projected 2013/2014 cash flow,
this figure will enable the Club to meet its pay-
ment commitments comfortably.
Players
Repurchase of rights
Stadium
Ciudad del Real Madrid
2
0
1
2
/
1
3
2
0
1
1
/
1
2
2
0
1
0
/
1
1
2
0
0
9
/
1
0
2
0
0
8
/
0
9
2
0
0
7
/
0
8
2
0
0
6
/
0
7
2
0
0
5
/
0
6
2
0
0
4
/
0
5
2
0
0
3
/
0
4
2
0
0
2
/
0
3
2
0
0
1
/
0
2
2
0
0
0
/
0
1
159
91
88
109
128
173
161
142
314
126
83
90
118
200
150
100
50
0
250
300
350
MILLION
DEVESTMENTS: INCOME FROM PLAYER TRANSFER M
67 11 6 40 24 43 36 33 56 102 20 14 41
3
0
/
0
6
/
0
1
3
0
/
0
6
/
0
0
3
0
/
0
6
/
0
2
3
0
/
0
6
/
0
3
3
0
/
0
6
/
0
4
3
0
/
0
6
/
0
5
3
0
/
0
6
/
0
6
3
0
/
0
6
/
0
7
3
0
/
0
6
/
0
8
3
0
/
0
6
/
0
9
3
0
/
0
6
/
1
0
3
0
/
0
6
/
1
1
3
0
/
0
6
/
1
2
3
0
/
0
6
/
1
3
MILLION
113
156
180
20
40
60
80
100
120
140
160
0
10
19
153
143
169
160
103
98
85
112
93
98
drid City complex is a strategic enclave for
a first rate sports and entertainment center.
Substantial improvements were made to ins-
tallations achieved in the 2012/2013 finan-
cial year with the construction of residences
for the first team and the sporting complex,
an objective the Club has harbored for years.
Table of Contents
203 202
Net Financial Debt

During the year, the Clubs net financial debt
decreased 34 million (28%), totaling 91 mil-
lion at June 30, 2013.
The 2012/2013 financial year is the fourth con-
secutive year in which the Club has reduced its
debt levels with respect to the previous year.

Rel ati ng thi s debt to the Cl ubs fi nanci al
wherewithal, as measured by ordinary cash
fl ow (EBITDA:150 mi l l i on), yi el ds a debt/
EBITDA ratioa commonly-used solvency in-
dicatorat June 30, 2013, of 0.6.a. The reduc-
tion of debt, leveraged by the growth of the
EBITDA, is reflected in the notable improve-
ment of this ratio, which decreased from 0.8%
at the beginning of the year to 0.6% by year
end, constituting an excellent credit ranking
in the eyes of financial institutions.
Equity

Equity represents the Clubs basic capital,
composed of the funds that together with
borrowings, made up of net financial debt, fi-
nance the capital invested by the Club in car-
rying out its activities.
Equity is the accounting measure for the value
of the company. In an entity such as Real Ma-
drid, which does not distribute dividends, the
annual change in equity corresponds to the
amount of prots obtained after taxes each year.
As a result of profits obtained, the Club has
been increasing its equity year-on-year, reach-
ing 312 million at June 30, 2013, 37 million
more than in the prior year.
The larger the value of equity with respect to
debt, the greater the value of the Club, the more
solvent it is, and the greater nancial autonomy
it enjoys, since the invested capital is mostly -
nanced by its own funds rather than borrowings.
The debt/equity ratio is used as an indicator of
solvency and nancial autonomy: the lower the
ratio, the more solvent the Club is and the more
nancial autonomy it enjoys.
The value of this ratio has been decreasing
over the last few years, reaching 0.3 at June
30, 2013: the value of net financial debt thus
amounts to 30% of equity, representing a
high level of solvency and financial autonomy.
Net Financial debt: Bank debt + accounts receivable from
(payable to asset acquisition/transfers - cash and cash equivalents.
A negative sign represents negative liquidity position. The balance of
the payment in advance received in 11/12 is also included as debt.
Net Financial debt: Bank debt + accounts receivable from
(payable to asset acquisition/transfers - cash and cash equivalents.
A negative sign represents negative liquidity position. The balance of
the payment in advance received in 11/12 is also included as debt.
ju
n
-
0
0
ju
n
-
0
1
ju
n
-
0
6
ju
n
-
0
7
ju
n
-
0
8
ju
n
-
0
9
ju
n
-
1
0
ju
n
-
1
1
ju
n
-
1
2
ju
n
-
1
3
350
300
250
200
150
100
50
0
-50
-100
-150
400
-200
162
198
84
130
115
327
170
125
91
245
ju
n
-
0
2
ju
n
-
0
3
ju
n
-
0
4
ju
n
-
0
5
-94
-141
-38
-4
NET FINANCIAL DEBT
EBITDA: Operating profit before depreciation and amortization due to
the application of the new Spanish GAAP, impairment losses and gains
(losses) on disposal of non-current are included as of 2008/09.
ju
n
-
0
6
ju
n
-
0
7
ju
n
-
0
8
ju
n
-
0
9
ju
n
-
1
0
ju
n
-
1
1
ju
n
-
1
2
ju
n
-
1
3
ju
n
-
0
0
ju
n
-
0
1
ju
n
-
0
2
ju
n
-
0
3
ju
n
-
0
4
ju
n
-
0
5
3,5
3
2,5
2
1,5
1
0,5
0
n/a n/a n/a n/a n/a n/a
1,4 1,4
1,7
3,1
1,1
0,8
0,6
1,7
NET FINANCIAL DEBT/EBITDA RATIO
ju
n
-
0
0
ju
n
-
0
1
ju
n
-
0
2
ju
n
-
0
3
ju
n
-
0
4
ju
n
-
0
5
ju
n
-
0
6
ju
n
-
0
7
ju
n
-
0
8
ju
n
-
0
9
ju
n
-
1
0
ju
n
-
1
1
ju
n
-
1
2
ju
n
-
1
3
30
62
68
74
80
86
106
141
176
196
220
251
275
312
350
300
250
200
150
100
50
0
5,4
1,1
0,00
0,50
-0,50
-1,00
-1,50
-2,00
-2,50
1,00
1,50
2,00
2,50
3,00
3,50
4,00
4,50
5,00
5,50
6,00
ju
n
-
0
0
ju
n
-
0
1
ju
n
-
0
2
ju
n
-
0
3
ju
n
-
0
4
ju
n
-
0
5
ju
n
-
0
6
ju
n
-
0
7
ju
n
-
0
8
ju
n
-
0
9
ju
n
-
1
0
ju
n
-
1
1
ju
n
-
1
2
ju
n
-
1
3
DEBT/EQUITY RATIO
-1,4
-1,9
-0,5
-0,1
0,7
0,8 0,8
3,2
1,7
0,7
0,5
0,3
MILLION MILLION
EQUITY
Table of Contents
205 204

At June 30, 2013, assets/liabilities amounted
to 853 million, a decrease of 12 million with
respect to the previous year.
On the asset side of the balance sheet non-
current assets decreased by 5 million: the
value of property, plant, and equipment main-
ly increased as a result of the construction
of residences while the carrying amount for
player assets decreased since the amount
recognized for amortization and disposals
was greater than investments made in the
year. Current assets decreased by 8 million:
the cash balance plus current financial invest-
ments amount to a slightly higher figure year-
on-year while collectible debt has decreased.
On the liability side of the balance sheet it is
worth noting the significant decrease in debt:
total current and non-current bank borrow-
ings decreased by 28 million. In addition,
payable balances resulting from outstanding
payments on investments decreased by 3
million, in spite of the June 30, 2013 closing
including a significant amount of sporting in-
vestments for the 2013/2014 season.
Working capital (current assets less current li-
abilities) amounted to a negative 100 million.
This negative value has been decreasing sig-
Balance Sheet
nificantly for the last few years (June 30, 2012:
negative 123 million; June 30, 2011: negative
140 million). The main factor behind negative
working capital is intrinsic to the workings of
a football club: significant operations-driven
accounts payable (purchases and services
received, player fees, collection of member-
ship dues/season passes); in other words, the
nature of the business means that they are
renewed on a yearly basis. At June 30, 2013,
the balance of these short-term recurring ac-
counts payable is 233 million (88 million
for purchases/services, 82 million in player
contract fees/other personnel, and 63 mil-
lion in membership and season passes, oth-
ers), a total which determines more than the
total negative working capital recognized at
year end. Since these balances will be rolled
over, similar amounts will be reflected at next
years closing. At June 30, 2013, current bal-
ances payable in 2013/2014 correspond to
payables related to investments and bank
borrowings, which will be comfortably paid
using cash available in June as well as surplus
cash generated on a monthly basis through
the Clubs transactions, since current income
is much higher than current expenses.
At year end equity stood at 312 million, 37
million more than in the prior year.
Thousand Thousand
ASSETS 30/06/2013 30/06/2012 EQUITY AND LIABILITIES 30/06/2013 30/06/2012
Intangible sporting assets 267,135 283,696 Social fund and reserves 269,643 245,477
Intangible non-sporting assets 4,925 5,312 Profit for the year attributed to the
parent company
36,847 24,166
Property, plant and equipment 309,172 290,516 EQUITY 306,490 269,643
Investment property 18,348 19,084 Minotiry interests 300 247
Financial investments 8,709 13,696 Grants. donations and bequests received 5,141 5,285
Deferred tax assets 4,883 5,529 EQUITY CAPITAL 311,931 275,175
Other financial assets 831 809
NON-CURRENT ASSETS 614,003 618,642
Provisions 15,452 12,223
Bank borrowings 89,118 100,747
Player transfer payables 34,692 33,598
Long term creditors from investments in
Stadium and Ciudad Real Madrid
15,800 22,312
Deferred tax liabilities 10,902 10,996
Accruals 36,550 40,917
NON CURREENT LIABILITIES 202,514 220,793
Provisions 1,868 720
Bank borrowings 26,408 42,562
Inventories 2,040 1,100 Player transfer payables 45,682 56,756
Player transfer receivables 23,950 21,399 Short term creditors from investments in
Stadium and Ciudad Real Madrid
30,495 14,738
Trade receivables 52,656 66,136 Short term creditors from repurchase of
rights
0 2,277
Current Tax assets 949 415 Trade and other payables 88,114 88,116
Short term financial investments 0 40,585 Current tax liabilities 0 309
Cash and cash equivalents 155,570 113,237 Accrued wages and salaries 82,206 92,873
Accruals 3,357 3,290 Accruals 63,307 70,485
CURRENT ASSETS 238,522 246,162 CURRENT LIABILITIES 338,080 368,836
TOTAL ASSETS 852,525 864,804 TOTAL EQUITY AND LIABILITIES 852,525 864,804
Table of Contents
207
206
CONSOLIDATED BUD-
GET
2013-2014
Table of Contents
209 208
Operating income (before net gains on dis-
posals) amounts to 515 million euros, 6 mil-
lion euros under the previous year. This was
mai nl y due to non-recurri ng i ncome ob-
tained from the Copa del Rey final and the
Spanish Super Cup final in 2012/13
Employee benefits expenses changed in ac-
cordance with the contracts and the make-
up of the sporting staff. The cost resulting
from winning the League title has been cal-
culated. Expenses thus fell by 6 million eu-
ros, compared with the previous year.
All other operating expenses prior to amor-
tization (costs of sales + transactions + pro-
visions) remained stable as a consequence
of the Clubs activities and lower expenses
for contingencies.
As a result of changes in income and expens-
es, operating profit before amortization and
net gains on disposals has been estimated at
132 million euros, similar to the previous year.
With the inclusion of the 32 million euros
r esul t i ng f r om net gai ns on di sposal s
(an increase of over 14 million euros com-
pared with the previous year), the club gen-
erated EBITDA of 164 million euros, a rise
of over 14 million euros compared with the
previous year.
Operating profit of 52 million euros was es-
timated, after recognizing an amortization
expense of 112 million euros (18 million eu-
ros over the previous year as a result of ac-
quisitions).
Fi nanci al expenses wer e subst ant i al l y
stable compared with the previous year.
As a result of all the above effects, profit
before tax of 43 million euros is projected
for 2013/14.
Real Madrid Club de Ftbol and Subsidiary
2013/2014 Consolidated Budget
Thousands
2012/2013 2013/2014
Membership dues, ticketing and stadium revenue 145,978 137,849
Revenues from friendly matches and international competitions 48,829 51,566
Broadcasting 162,836 161,996
Marketing 163,229 163,626
TOTAL OPERATING INCOME (BEFORE NET GAINS ON DISPOSALS) 520,873 515,037
Goods for comsuption (18,217) (18,171)
Player and staff personnel expenses (245,997) (240,405)
Other operating expenses (122,671) (124,741)
Losses on, impairment of and change in trade provisions (2,167) 0
TOTAL OPERATING EXPENSES BEFORE DEPRECIATION AND AMORTIZATION (389,052) (383,317)
OPERATING PROFIT BEFORE DEPRECIATION, AMORTIZATION AND NET GAINS ON DISPOSALS 131,821 131,720
Gains (losses) on disposals an other gains and losses 20,224 32,233
Impairment charges and losses -1,835 0
IMPAIRMENT LOSSES AND GAINS (LOSSES) ON DISPOSAL OF NON-CURRENT ASSETS 18,389 32,233
OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) 150,210 163,953
Depreciation and amortization (94,550) (112,431)
OPERATING PROFIT (EBIT) 55,660 51,522
Finance income 3,389 2,682
Finance cost (11,351) (11,549)
NET FINANCE COST (7,963) (8,867)
ORDINARY PROFIT 47,697 42,656
PROFIT BEFORE TAX 47,697 42,656
TOTAL INCOME (OPERATING+FINANCE+GAINS ON DISPOSALS) 544,486 549,952
TOTAL EXPENSES (OPERATING+FINANCE+D&A+IMPAIRMENT+LOSSES ON DISPOSALS) (496,789) (507,296)
PROFIT BEFORE TAX 47,697 42,656
Table of Contents
Real Madrid C. F.
Corporate Responsibility at Real Madrid
Meeting commitments in the 2012/2013 financial year
210
CORPORATE
RESPONSIBILITY
REPORT
Table of Contents
213 212
2012 /2013 Financial Year
Corporate responsibility report
Real Madrid Club de Ftbol
1. Real Madrid C. F.
1.1 Institutional profile
1.2 Sustainability at Real Madrid
1.3 Corporate Governance of Real Madrid
2. Real Madrid Corporate Responsibility
2.1 Interest Groups served by Real Madrid
2.2 Real Madrids commitments to its interest groups
3. Meeting Commitments in the 2012/2013 Financial Year
3.1 Members
3.2 Sports people
3.3 Employees
3.4 Sports and public administrations
3.5 Other clubs
3.6 Clients
3.7 Fans
3.8 Suppliers
3.9 Society
3.10 The media
Table of Contents
215 214
1.1 Institutional profile

Real Madrid Club de Ftbol (Real Madrid
Football Club) is a Sporting Entity whose
objective and purpose is, primarily and
principally, that of dedicating its activity and
assets to the promotion of football in all its
different categories and age groups and,
generally, the practice of all those sports
specified by its governing bodies. Likewise,
as a complementary activity, it may promote
the development of the physical, moral and
intellectual culture of its affiliates by fa-
cilitating the social relations and a spirit of
unity among them.
Real Madrid Club de Ftbol, which was
founded in March 1902 and whose first
foundation charter is dated 18 April of the
same year, has full legal capacity in accor-
dance with the legislation currently in effect,
and is registered with the Spanish Football
Federation, as well as with those federations
required for the different sports in which the
club competes throughout any given season.
1.1.1 Mission
To be an open and multicultural club that is
both appreciated and respected throughout
the world both for its sporting successes
and for the values it disseminates which,
based on the search for excellence both on
and off the field of play, contribute towards
fulfilling the expectations of its members
and followers.
1.1.2 Vision
A leading football and basketball club which,
by way of its sporting triumphs, fulfils the
hopes and expectations of all of its follow-
ers here in Spain and abroad, which sus-
tains its significant historical legacy, which
manages its assets rigorously and trans-
parently to the benefit of its members, and
which acts in accordance with social re-
sponsibility and good corporate governance
criteria.
1.1.3 Values
Will to Win Real Madrids main objective is
to strive, to the best of its abilities, to win all
of the competitions it enters while showing
its commitment, its belief in hard work and
its loyalty to its supporters at all times.
Sportsmanship Real Madrid is a worthy
and fair opponent on the field of play, upon
which it competes with goodwill and re-
spect towards all rival teams and their re-
spective supporters. Away from the field of
play it is Real Madrids overriding desire to
maintain relations with all other clubs based
on fraternity and solidarity and to collabo-
rate with them and with the Spanish and
international sports authorities on a perma-
nently ongoing basis.
Excellence and Quality Real Madrid aspires
to have the best Spanish and foreign players
within its ranks, to imbue them with the val-
ues to which the club aspires, and to repay
the support of its fans with a sporting project
based on quality, discipline and sacrifice for
the common cause. With respect to the man-
agement of its activities, the club adheres
to the principles of good governance and
strives for excellence at all times.
Team Philosophy All those who form part of
Real Madrid, be they sportspeople or other
professionals, make a commitment to work-
ing as part of a team and to give the best
1. Real Madrid C. F.
they have to offer for the good of the whole
without putting their personal or profession-
al aspirations first.
Training Real Madrid constantly devotes a
great deal of effort to the discovery and in-
stilling of new sporting values. This involves
channelling the necessary attention and re-
sources into the youth teams of all its sporting
disciplines and nurturing not only the sporting
development of its youth players, but also their
social, ethical and civic education.
Social Responsibility Real Madrid is aware
of the high social repercussion of its activi-
ties and it is for this reason that it dedicates
all the resources within its power to comply-
ing with the very highest standards of good
corporate governance and the promotion of
the best sporting values, to strengthening its
relations with its members, former players,
fan clubs and supporters, and to the devel-
opment and implementation of solidarity
projects in favour of the needy both within
Spain and beyond its borders.
Economic Responsibility Real Madrid is
aware that it manages tangible and intan-
gible assets of exceptional value and impor-
tance, and it is for this reason that it pledges
to administer them responsibly, efficiently
and honestly in benefit of its members.
1.1.4 Realmadrid Foundation
The Realmadrid Foundation is the instrument
via which Real Madrid exercises its social
responsibility and implements its social and
educational activities. In order to enable it to
do so, every year Real Madrid makes a dona-
tion to the Foundation.
The Foundations primary purpose is to
promote, both in Spain and abroad, basic
sporting values and the practice of sport
itself to serve not only as an educational
instrument capable of contributing towards
the full development of the personality of
those who practice it, but also as a social
integration tool in benefit of those who are
in any way marginalised and to promote and
disseminate all the cultural aspects linked
with sport.
The Realmadrid Foundation is only made
possible by the collaboration, in addition
to Real Madrid C. F., of the different Pub-
lic Administration Bodies and thanks to the
generous support which, in the form of pa-
tronage and sponsorships, it receives from
the relevant Spanish and foreign companies
and, above all, thanks to the individual con-
tributions of thousands of Real Madrid sup-
porters who choose this way to express and
strengthen their association with the club.
The Foundation implements its activities
programmes within five major areas, namely
the promotion of sport as a whole, the de-
velopment of values through sports educa-
tion, social projects, international coopera-
tion and institutional activities, in addition to
the documentation centre.
The Foundation is audited on an annual
basis and presents the results of the audit to
its Board, to the Foundations Commission
of the Ministry for Education and Sport and,
furthermore, they are published in both the
Foundations Report and Magazine.
In Spain the Foundations different pro-
grammes affect more than 8,000 people
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217 216
de Ftbol reached an agreement with the
Universidad Europea de Madrid to set up the
Real Madrid Graduate School. The School
offers, both here in Spain and overseas, a
higher education course designed to provide
students with specialist sports management
training of the highest quality, not only with
respect to sporting facilities and equipment,
but also to the training and practice of the
sport or the conversion thereof into a specta-
tor event, and including every aspect related
with communication, health and leisure, and
all with official university qualifications.This
makes Real Madrid the first club of its kind
anywhere in the world to be involved in the
creation of a university school for transmit-
ting the legacy of a body of knowledge accu-
mulated over its 110 years of history to future
generations of sports managers.
1.2 Sustainability in Real Madrid

Founded in 1902, Real Madrid Club de Ft-
bol is an institution with over one hundred
years of history. Its corporate purpose and
the unerring will of its membership endow it
with a permanent and perpetual character.
It is for this reason that sustainability with
respect to all of its decision-taking processes
is considered with a view to the long-term
future. This sustainability manifests itself in
the strict compliance with the principles of
good governance, in a responsible economic
management process that enables the in-
definite continuity of its activities, in minimis-
ing the environmental impact thereof and in
maximising the contribution made by the club
to society in economic terms and as regards
employment, sports development and com-
munity activities.

and internationally it has more than 30,000
beneficiaries via its Socio-sports Schools.
1.1.5 Real Madrid Gestin de Derechos
The club is the dominant company of a
group that includes Real Madrid Gestin de
Derechos, S. L., as a dependent Company,
in which it maintains a direct holding of 70%.
Real Madrid Gestin de Derechos, S. L. was
constituted in Madrid on 10 June, 2004, and
commenced its operations on 1 July of the
same year. The holdings in this company,
which has its registered offices in Madrid, are
currently as follows: Real Madrid Club de
Ftbol (70%), Accionariado y Gestin, S. L.
(12.5%), Prisa Televisin, S.A. (formerly Soge-
cable, S.A.) (10%), and Media Cam Produc-
ciones Audiovisuales, S. L. (7.5%). Notwith-
standing the foregoing, and as a result of the
agreements reached between the partners,
the holdings of the external partners in this
company shall be terminated between Octo-
ber 2013 and March 2016, meaning that at the
end of this period Real Madrids holding in the
companys stock capital will be 100%.
Its corporate purpose is that of administrat-
ing the assets and rights owned and held by
the clubs members and of negotiating the
joint operation of a part of the merchandis-
ing, club and player image, online and distri-
bution rights.
1.1.6 Real Madrid Graduate
School-Universidad Europea
Following a period of in-depth in-house re-
flection regarding the way in which the world
of sports was developing, the club decided
to offer its experience and knowledge to
the higher education sector, and with this
purpose in mind in 2005 Real Madrid Club
committees formed by senior club execu-
tives and members of the Board of Directors.
A Procurement Committee and an Economic
Committee have been created and these meet
periodically and take decisions regarding
the purchases of goods and services, invest-
ments, remaining within budget, and risk
minimisation actions. Decisions regarding the
recruitment or promotion of staff and appoint-
ments, staff redundancies and remunerations
are taken by the Senior Management Com-
mittee, which is made up of the clubs senior
executives and of members of the Board of
Directors. Likewise, the Management Com-
mittee receives periodic reports from the
Procurement Committee and the Economic
Committee, draws up the action plans and im-
plements the operating decisions in order to
meet the objectives established by the Board
of Directors and supervises and heads up the
administration and management of the club
in the broadest sense of the word by taking
the ordinary decisions that do not require the
approval of the Board of Directors. Finally, the
correct implementation of all the processes is
supervised by the Senior Internal Control and
Auditing Management Team. All these steps
ensure that the correct decisions are taken,
that these concur with the strategy and do not
exceed the approved budget.
Mandatory and auditable procedures exist with
the same objective as regards the approval of
invoices received, the settlement of expenses
and attentions to protocol so as to prevent
abuses from occurring in sensitive areas.
This exhaustive operational control is not
limited to expenditure. The progressing of
the collection of invoices issued is also sys-
temised in order to keep arrears and non-
1.3 Corporate Governance
of Real Madrid

1.3.1 Corporate Structure
Real Madrid Club de Ftbol is a non-prot
making private sports entity formed by its
members in order to promote and practice the
sports established in its Articles of Association.
1.3.2 Administration of the Club
The management and representation of the
entity corresponds to the General Share-
holders Meeting, the President and the
Board of Directors. These three bodies are
democratically elected by the members,
whose wishes are represented in the way
that the club is administered. The account-
ability principle is systematically applied in
all the areas of the club in accordance with
the standards of good governance.
Good corporate governance manifests itself
in the administration of the club by way of
cross-cutting policies and procedures that
ensure the control of key decisions such as
appointments, remunerations, purchases
and investments.
As far as all critical processes are concerned,
the procedures to be followed have been
defined in such a way that their implementa-
tion is fully verifiable, traceable and auditable.
The application of good corporate gover-
nance principles ensures that key decisions
are endorsed and are firstly subjected to the
scrutiny of the director of the corresponding
area, secondly to the validation of the opera-
tional management structure that acts across
the entire organisation (Human Resources,
Legal Services, Procurement, Expenditure
Control, etc.), and thirdly to the approval of
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219 218
Other exclusive competences of the General
Shareholders Meeting include the amend-
ment of articles of association, taking the
most important economic decisions, passing
a motion of no confidence in the President or
in the Board of Directors, and the calling of
a referendum among the members in order
to decide upon matters of extreme impor-
tance. All the foregoing endows the General
Shareholders Meeting with an extremely
wide range of powers, all of which go towards
guaranteeing the sound corporate gover-
nance of the club.
1.3.5 Election of the President
and Board of Directors
The Board of Directors is the body directly
responsible for the administration, gover-
nance, management and representation of
the club. The Board of Directors oversees
the actions of the clubs executive manag-
ers and in turn reports its findings to the
General Shareholders Meeting, thereby
ensuring the principles of good corporate
governance are applied to the management
of Real Madrid at all times.
The President and the Board of Directors
are democratically voted in as a result of
the corresponding elections for which those
members who are in compliance with that
established in the articles of association put
themselves forward as candidates.
Elections to choose a new President and
Board of Directors are called under the fol-
lowing circumstances:
payments under strict control in all of the
clubs revenue areas, with this being initially
supervised by administration and, ultimate-
ly, by the Economic Committee.
1.3.3 Members Rights
All Members have the right to enjoy the clubs
activities in accordance with the rules estab-
lished for doing so, and to choose not only
the bodies that represent and govern the club,
but also the most senior bodies which moni-
tor and control the corporate governance of
Real Madrid in a democratic manner.
1.3.4 General Shareholders Meeting
The General Shareholders Meeting is the
most senior of the clubs governance bod-
ies, and its duties include the approval and
ratification or the censure of the President
and of the Board of Directors.
The General Shareholders Meeting consists
of all the members who are eligible to vote in
accordance with the system of democratic
representation established in the clubs
articles of association. The General Share-
holders Meeting examines and, where ap-
propriate, approves the Management Report,
Balance Sheet and Profit and Loss Account
of each financial year, as well as the following
years budget.
The General Shareholders Meeting is the
utmost institutional instrument through which
the principle of accountability that guarantees
good governance with respect to how Real
Madrid is managed is systematically applied.
porate governance and, above all, with the
principle of accountability being systemati-
cally applied at all levels of club manage-
ment. The control activity is the result of the
workings of the club coming under constant
scrutiny by its internal executive bodies, by
all of its members, by the authorities, and
even by public opinion via the communica-
tion media. The internal executive body is
the Senior Internal Control and Audit Man-
agement Team which, reporting directly to
the President of the club, defines and audits
the control procedures and systems nec-
essary for ensuring a maximum degree of
institutional rigor. The membership exercis-
es control via the Representative Members
Meeting and the Board of Directors. The
sports authorities (national and international
federations, national leagues and the (Span-
ish) National Sports Council) also perma-
nently supervise the clubs activities, which
are also under the constant scrutiny of the
different communication media, further
proof of the clubs transparency with re-
spect to the management of all its activities.
As a whole, the control systems implemented
by Real Madrid ensure that the way in which
it is run is permanently adapted to the prin-
ciple of good governance to which the club
unreservedly adheres. The control, the de-
gree of consultation with respect to decision
taking and the policy of accountability are
rigorously applied to prevent the taking of ar-
bitrary decisions and ensure that nobody can
take decisions that compromise the good
name and administration of the club.
a. Due to the term of ofce of the former Pres-
ident and Board of Directors having expired.
b. Upon the decision of the President or
of the Board of Directors.
c. When so agreed by the General Share-
holders Meeting due to the resignation
or disqualification of the Board of Direc-
tors, or whenever the number of Board
members falls below a total of five due to
resignations, abandonments, deaths or
physical disabilities.
d. Due to a vote of no confidence ap-
proved in accordance with that stipulated
in the articles of association - bodies, and
with the control procedures implemented
by the General Shareholders Meeting to
ensure the good governance practices of
the club.
The Board of Directors remains in office for
a period of four years as of its announce-
ment, and its members can put themselves
forward for re-election, either as a single
unit or separately as parts of other candi-
dacies. The Board of Directors is endowed
with the widest range of powers with which
to govern, administrate and represent the
entity as the maximum body for expressing
the will of its members, with the only limit
upon these being those matters that can
only be decided upon by the General Share-
holders Meeting.
1.3.6 Control Systems
Real Madrid is a transparent institution that
is committed to the principles of good cor-
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221 220
2.1.5 Other clubs
Real Madrids sporting activity inevitably
entails participation in local, national and
international competitions. The other clubs
we compete with are another of our priority
interest groups with whom we aim to estab-
lish and fulfil firm commitments.
2.1.6 Clientes
Our activity requires economic income
that originates from our clients. Our cli-
ents are both companies and individuals.
These companies include television chan-
nels, sponsors, licensees, and lessors that
rent out boxes and facilities for all kinds
of events. The clubs individual clients are
those that purchase a ticket for any of the
sporting events that we organise, a ticket to
visit our facilities and exhibitions or buy the
products with our brand.
2.1.7 Fans
The fans are those that support our teams in
the various competitions in which we par-
ticipate. Real Madrid is a a club that is open
to everyone. Among fans, supporters club
members and those that maintain a direct
relationship with the club through the Ma-
dridistas loyalty programme are groups of
particular interest to Real Madrid.
2.1 Interest groups served
by Real Madrid

2.1.1 Club members
Members of Real Madrid Football Club are
individuals who, upon meeting the regula-
tions approved by the General Assembly,
join the entity and are bestowed with the
rights and obligations contained in the stat-
utes. The members are club owners and as
such are its most important interest group.
2.1.2 Athletes and referees
Real Madrids social objective is to promote
sport. Therefore, all the athletes, include
referees, are a group of great importance to
the club.
2.1.3 Employees
In order to carry out its various activities,
Real Madrid not only requires its athletes,
but also the other employees that offer the
entity their professional services.
2.1.4 Sporting and public administrations
Our sporting activity entails a continuous
relationship with sporting administrations:
national and international federations, the
professional leagues in which we partici-
pate and the National Sports Council. Our
economic activity also entails a continuous
relationship with Public Administrations,
both state (Inland Revenue, Social Security),
regional (Region of Madrid) and municipal
(Madrid City Council).
2. Real Madrid Corporate Responsibility
2.2 Real Madrids commitments to its
interest groups

2.2.1 Club members
Real Madrid promises its members that it
will maintain and foster the clubs values,
fulfil the strictest standards of good corpo-
rate governance, favour members partici-
pation through the means established in the
statutes and, above all, strive constantly for
sporting achievements. The club commits
to maintaining healthy finances with ongo-
ing supervision in a transparent process of
auditory systems and controls under the
general principle of continuous and system-
atic accountability.
2.2.2 Athletes
Real Madrid promises athletes and referees
that it will embrace the sporting values of
fair play, respect and competition. The club
maintains the ongoing commitment with its
players of all levels to develop the academy,
foster athletes physical well-being, adhere
strictly to their contracts, maintain com-
petitiveness in order to aspire to the highest
sporting achievements, offer the athletes
good facilities, excellent coaching profes-
sionals and visibility through media presence.
These commitments extend to those who
have left professional competitive sport at the
club and belong to its Veterans Association.
2.1.8 Suppliers
Suppliers are also a group of strategic inter-
est in our value chain, as essential partners
in order to offer goods and services that
comply with set parameters, assisting in
achieving the clubs general objectives.
Purchase management and service con-
tracting are regulated by internal rules and
proceedures in order to achieve the best
possible supply option, optimising the in-
vestment made.
2.1.9 Society
We also feel a great responsibility that we
look to articulate in the form of commitments
made with society at large. Real Madrid is
the institution it is because of the community
it belongs to, which offers it considerable
support. In response, Real Madrid commits
itself to helping the needy and assisting
community projects in which its values and
sporting experience may be useful.
Real Madrid is also committed to training
new generations of sports managers that
will contribute to improving their communi-
ties health, recreation and economies.
Our focus on the present and the future
leads us to work with youngsters and com-
mit ourselves to their future. We are there-
fore careful that our impact on the environ-
ment does not compromise its enjoyment by
future generations.
2.1.10 The media
The club is aware of the interest it attracts from
society and public opinion and, therefore, of
the essential role fullled by the media. It is
committed to them as a relevant interest group.
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223 222
2.2.7 Fans
Real Madrid promises all sports fans that
it will adhere to the principles of fair play,
always endeavour to promote sporting
values, reporting transparency, respect and
maximum safety at the events it organises.
Real Madrid maintains a closer relationship
with those fans signed up to the Madridista
programme, offering them first-hand infor-
mation, advantages in purchasing the clubs
products and services as well as various
promotions with recreation companies Real
Madrid has agreements with. The club also
commits to maintaining a close relationship
with the Real Madrid supporters clubs set
up around the world, in their shared objec-
tive of defending the Real Madrid colours
and supporting the entity.
2.2.8 Suppliers
The policy overseeing supplier selection
and the assigning of orders and contracts
is based on the principles of professional
ethics, advertising and competition and is
carried out in a transparent, fair and re-
sponsible manner under the supervision of
the Purchasing Committee. Collaborative
relationships are established with suppliers,
avoiding payment conditions that put their
solvency at risk. Communication channels
are set up that favour transparent com-
mercial relations and the understanding of
mutual needs.
Furthermore, purchasing from local suppliers
is encouraged as far as is possible, fostering
the creation of wealth in the surroundings.
2.2.3 Employees
Real Madrid aspires to be an excellent place
to work, offering its workers permanent paid
employment at market conditions, adher-
ance to the strictest principles of equality
and the promotion of diversity, opportu-
nities to reconcile their professional and
personal lives, training opportunities and
emphasis on work health and safety.
2.2.4 Sporting and Public Administrations
Real Madrid promises sporting administra-
tions that it will adhere strictly to the prin-
ciples of fair play, institutional cooperation,
respect for authority and participation in all
sports organisation authorities. With regards
to public administrations, Real Madrids
commitment is to fullfil its fiscal, social and
environmental obligations, working closely
with authorities on community projects and
especially with respect to order and security
at the sporting events we organise.
2.2.5 Other clubs
As a sports competitor, Real Madrid up-
holds fair play, competitive spirit and re-
spect in all its performances, and partici-
pates in common initiatives and projects for
good causes.
2.2.6. Clients
Real Madrid promises its clients that it will
maintain and promote high standards in
quality and innovation, promote customer
satisfaction and maintain professional man-
agement and complaint processes.
2.2.9 Society
Real Madrid effects its social commitment
through the activity undertaken by the
Realmadrid Foundation, especially in the
creation and management of integration
academies and sporting academies, as well
as its support of charity initiatives, dedicat-
ed in particular to children, active and vet-
eran athletes, and disadvantaged collectives.
The Real Madrid School of University Studies
is another vehicle of social action through its
work training future sports managers.
Real Madrid is also commited to environmen-
tal issues, endeavouring to protect resources
by recycling materials and waste, using
energy efficiently and saving water, as well
as applying ecological and sustainable prin-
ciples to the care of lawns and garden areas.
2.2.10 The media
With respect to the media, Real Madrid com-
mits to a policy of cooperation based on mu-
tual respect, responsible transparency that
doesnt compromise data protection regula-
tions, and recognition of the important work
carried out by media organisations.
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225 224
3.1.1. Institutional acts with the members
Ordinary and Extraordinary General Meet-
ings of the Representative Members.
These were held on 30 September 2012 and
included approval of the following:
Consideration of the Budget, Annual
Report, Balance Sheet and Profit and
Loss Accounts of Real Madrid Football
Club, as well as the Annual Consolidated
Accounts with companies in which the
club has a shareholding, all the above
corresponding to the Financial Year
2011/2012.
Consolidated budget of Revenues and
Expenses and of the Schedule of Activi-
ties for the Year 2012/2013.
Tax base of membership fees for the
2013/2014 season.
During the Extraordinary Meeting, modifi-
cation of Articles 40.B, C and D and Article
25.7o b of the clubs Statutes was ap-
proved; the members of the Membership
Disciplinary Commission were elected for
the period 29 March 2013 to 28 March 2017
and the members of the Electoral Board
were elected for this same period: 29 March
2013 to 28 March 2017.
Presentation of insignia
On 15 December 2012, an event was held to
present insignia to all those celebrating 25, 50
and 60 years as club members. A total 2,149
such insignia were presented, of which 90
were of the gold and diamonds type, 265 gold
and 1,794 silver.
3.1 Members

The membership of Real Madrid is made up of
a total 92,120 members, of whom 65,897 are
adults, 19,482 are junior members and 6,741
are persons aged more than 65 or with more
than 50 years of membership. Of these mem-
bers 74,755 are men and 17,365 women.
The number of football season ticket hold-
ers amounts to 58,430, all of them members,
and there are 5,184 season ticket holders
for basketball, of whom 2,509 are members,
1,250 are holders of the Madrid Support-
ers Card or Carn Madridista and 1,425 are
members of the general public.
The representative members are those that
make up the General Assembly, which is the
supreme governing body of the club. This
currently comprises 2,072 members, among
them the Management Board, honorary
members and the first hundred members of
the club.
The Membership Disciplinary Commission
is elected by the General Assembly of the
Members, in response to proposals by the
Management Board, and is in charge of
studying and qualifying any acts committed
by club members or attitudes adopted by
them that are reported and referred to it for
consideration. The commission meets twice
a week to study and decide on matters
inherent to its functions. During the 2012-
2013 season, 138 disciplinary proceedings
were initiated.
3. Compliance with commitments
during the year 2012 / 2013
D. ngel Luis Heras Aguado
Membership No: 2.290 Member of the Board

D. Santiago Aguado Garca
Membership No: 2.480 Member of the Board

D. Luis Gmez-Montejano Arroyo
Membership No: 2.519 Member of the Board

D. Jernimo Farr Muncharaz
Membership No: 3.462 Member of the Board

D. Enrique Prez Rodrguez
Membership No: 7.911 Member of the Board

D. Manuel Cerezo Velzquez
Membership No: 12.797 Member of the Board

D. Jos Snchez Bernal
Membership No: 14.250 Member of the Board

D. Luis Blasco Bosqued
Membership No: 17.009 Member of the Board

D. Gumersindo Santamara Gil
Membership No: 19.470 Member of the Board

D. Ral Ronda Ortiz
Membership No: 20.339 Member of the Board

D. Jos Manuel Otero Lastres
Membership No: 20.941 Member of the Board

D. Nicols Martn-Sanz Garca
Membership No: 23.127 Member of the Board
The aforementioned took possession of their
posts on June 4th 2013 during an event held in
the VIP box of the Santiago Bernabu stadium.
The chairman of the club, Mr. Florentino Prez,
presided over the event along with represen-
tatives of the Management Board, accompa-
nied by the clubs living legends, led by the
honorary chairman, Mr. Alfredo Di Stefano.
Election of Chairman
and Management Board
On 22 May 2013, and pursuant to Article
38 B) of the Club Statutes, the Chairman
agreed to call Elections for the post of Chair-
man and the Management Board of the club,
having heard the latter. In keeping with the
provisions of Article 40 of the said Statutes,
the Electoral Board publicised the call and
the beginning of the electoral process.
On June 2nd, and in view of the fact that a
single candidature was presented, the Elec-
toral Board proclaimed Mr. Florentino Prez
as Chairman of Real Madrid, in accordance
with Article 40, section E), point 2 of the
Statutes in force, the Management Board
being as follows:
D. Florentino Prez
Membership No: 3.018 Chairman
D. Fernando Fernndez Tapias
Membership No: 32.424 Senior Deputy Chairman

D. Eduardo Fernndez de Blas
Membership No: 6.275 Deputy Chairman

D. Pedro Lpez Jimnez
Membership No: 14.192 Deputy Chairman

D. Enrique Snchez Gonzlez
Membership No: 15.841 Secretary

Table of Contents
227 226
is drawn up with the participation of all the
clubs divisions, with strategic guidance
from the Management Board, which sub-
sequently approves the final budget and
submits it to the Representative Members
Meeting for definitive approval at the begin-
ning of each season.
The budgeting cycle has once again been
adhered to strictly during the 2012-2013
season. The degree of compliance with the
budget has been highly satisfactory, as is
underlined by the excellent economic result
achieved, the objective being to maintain
the financial balance and solvency of the
club in the long term, in order to address all
the obligations deriving from the develop-
ment and achievement of its sporting objec-
tives, in all cases in strict adherence to the
applicable standards. All the above is con-
firmed by the Annual Accounts of the club,
which show significant growth of turnover
and clear improvements in efficiency, profit-
ability and solvency.
The Annual Accounts of the club for the
2012-2013 season have been audited ex-
ternally by the firm Ernst & Young, and its
report, without reservations, is attached to
the Economic Report of the club for the year.
Once approved by the Management Board,
the Annual Accounts of the club are subject-
ed to scrutiny and definitive approval by the
Representative Members Meeting. Further-
more, the auditing function is strengthened
within Real Madrid by the existence of an
Internal Auditing and Control Division that
is independent from the other club divisions
and reports directly to the chairman and the
Management Board.
3.1.2. Activities relating to
corporate governance
Real Madrid is firmly committed to the high-
est and most demanding standards of good
corporate governance. The Management
Board is the body directly responsible for
the administration, governance, manage-
ment and representation of the club. The
Management Board has held seven meet-
ings during the 2012-2013 season.
The Steering Committee, comprising the
chairman, members of the Management
Board and executives of the club, draws up
the action plans and executes operational
decisions with a view to achieving the ob-
jectives mapped out by the Management
Board. During the 2012-2013 season, the
Steering Committee has held 22 meetings.
The Steering Committee is assisted by an
Economic Affairs Committee and a Procure-
ment Committee, both made up of members
of the Management Board and executives of
the club. The Economic Affairs Committee
has held eight meetings to monitor eco-
nomic evolution during the year, introduce
corrective measures and perform a quarterly
review of partial closures of accounts and
updating of the year on year forecasts re-
garding compliance with the Annual Budget
of the club. The Procurement Committee
has held seven meetings to supervise and,
where appropriate, approve the acquisition
of the goods and services required for the
performance of the activities described in
the Annual Budget of the club.
All the different stages of the budgeting
cycle fulfil the strictest standards of good
corporate governance. The Annual Budget
Likewise, more than 6,000 telephone calls
have been made to representative members
and others in relation to different events, such
as the presentation of insignia, signings, etc.
Member Online Service Office:
This service allows questions to be asked
and operations to be carried out without the
need to visit the offices of the club, without
any restrictions as regards timetables and
with complete security and confidentiality.
During the 2012/2013 season, the online of-
fice has registered more than 329,000 visits
from members, who have been able to make
their arrangements with the utmost con-
venience. Since it was started up in March
2011, this office has registered more than
525,000 visits.
Exclusive Service Office for Representative
Members, where the arrangements request-
ed by these members are dealt with: queries,
requests for tickets, attendance at institu-
tional events, tickets for basketball matches
and for Real Madrid Castilla team games,
documentation for the General Meeting, of-
fice arrangements, etc.
Lost card window:
This service is provided on match days,
mainly to look after those members who
have forgotten or lost their season card or
had it stolen. Once the member has been
duly identified, the ticket correspond-
ing to the place in the stadium assigned
to the season ticket is issued. During the
2012/2013 season, the office has dealt with
4,960 members.
As a result of the efforts of this division, a
Procedures Manual was drawn up, with 49
internal procedures, establishing the op-
erational approach of the club in its most
important internal processes. Compliance
with these procedures is ensured by the
supervision of the Internal Auditing and
Control Division, which every season draws
up an Audit Plan contemplating the work
to be performed during the season. Spe-
cifically, during the 2012-2013 season the
auditing of a total 11 procedures has been
completed, this meaning that over the last
three years 100% of the internal procedures
of the club have been audited. In addi-
tion to the auditing of these procedures,
the Internal Auditing and Control Division
has carried out other tasks, such as the
updating and improvement of the existing
internal procedures, auditing of 100% of
the internal procedures of the Fundacin
Realmadrid foundation, auditing of compli-
ance with the standards relating to data
protection and implementation of the LOPD
(Data Protection Act) Compliance Office, as
well as special reports relating to internal
organisation, the code of ethics, inventories
of sports apparel, representation and travel
expenses, corporate responsibility, on-go-
ing improvement, etc.
3.1.3. Members attention
and information services
Member Service Office:
This office provides an integral customised
attention service and has attended to more
than 11,760 visits and more than 19,000 tele-
phone calls; more than 12,000 requests for
information and miscellaneous arrangements
have been answered and resolved.
Table of Contents
229 228
3.2 Sports people

Football
The 2012-13 season got under way with the
first teams winning the Spanish Supercup,
beating Barcelona. In the league, and fol-
lowing a start in which we lost out on a few
points, the senior team strengthened its
position in the upper part of the table, fi-
nally scoring one hundred and three goals
and giving away only forty-two. However,
the twenty-six victories achieved, in a sea-
son that was as tough as its predecessors,
served only to consolidate our position as
sub-champions.
In the UEFA Champions League the first
team knocked out Manchester United in the
semi-quarter finals and Galatasaray in the
quarter finals, finally falling prey to Borussia
Dortmund in the semi-finals.
Having returned to the Second Division after
a number of years of absence, Real Madrid
Castilla maintained a clearly upward trend
throughout the championship, finally finish-
ing in eighth position. The results not only
confirmed the efficiency of the work per-
formed at the clubs Ciudad Real Madrid
grounds but also underlined the fact that the
junior squad of Real Madrid continues to be
an unending source of talent.
The Real Madrid C team, which belongs to
Group I of Second Division B, finished in 5th
place, with a young squad that pulled off a
season of great play and magnificent results.
Certain of the players moved up to Real Ma-
drid Castilla, a sure sign that the dual objec-
tive of enhancing the competitive character
of our younger players and of helping them
Member Hot Line: 902 21 2002:
This line is exclusively for members and its
use requires identification by means of a
membership number and PIN. 46,053 calls
have been handled.
Real Madrid line: 902 32 18 09:
The Real Madrid Line has been used by
61.980 supporters to request information
on the club.
Electronic bulletin exclusively for members:
Weekly electronic magazine for Real Madrid
members, offering the latest news on the club,
exclusive videos, ticket sales dates and the
results of the weekends football and basketball
matches, and featuring those legendary play-
ers who made our club great. More than 57,000
members currently receive the electronic bul-
letin by e-mail, this adding up to a total volume
of approximately 1,965,000 e-mails sent.
Member communiqus:
As a complement to the electronic Bulletins,
the Members Department also sends commu-
niqus to the members by e-mail, the fre-
quency of these depending on the information
needs of the club and its members. During
this season more than a million e-mails have
been sent with information of great use and
interest for the members, making communica-
tions more agile and efficient.
Members bulletin:
In June 2013 a printed bulletin was sent out
with information on the prices, conditions
for renewal and use of season tickets.
Halamadrid magazine:
Quarterly magazine for the members, with
all the latest news on the club.
Madrid, with travel facilities for both these
children and their parents. During this year
there have been 52 players in this group.
The contribution made by the junior squad
to the different Spanish national teams, from
the Under 21s to the Under 16s, including
the Under 19, Under 18 and Under 17 teams,
continues to be of great significance. The
club also provides players for other na-
tional squads, such as Russia, Belgium, the
Dominical Republic, Andorra, Scotland, Peru
and Macedonia. Between them they amount
to 25 players.
With a view to offering suitable medical as-
sistance guaranteeing the optimum physical
performance of the players, the club has an
agreement with Sanitas, this having allowed
all the objectives mapped out in this area to
be achieved. In addition to the day-to-day
medical service provided for the players,
the 2012-2013 season has seen a total 451
diagnostic checks, 24 surgical interventions
and 378 analyses as part of the prevention
programme, as well as the annual medical
check-ups performed on all the personnel.
Players from the Real Madrid junior ranks
During this last season there have been 86
professional players coming from the junior
ranks of Real Madrid, 38 of which play in the
Spanish First Division, in 15 different clubs:
Real Madrid (7), Atltico de Madrid (4), R. C. D.
Espaol (1), Getafe (4), Granada C. F. (3), Rayo
Vallecano (3), Mlaga C. F. (1), C. A. Osasuna
(3), Sevilla F. C. (1), Levante U. D. (1), Valen-
cia C. F. (3), Real Betis (1), Real Valladolid (2),
R.C.D. Deportivo (2) and Real Zaragoza (2).
on their path towards the professional world
has been more than met.
Junior A team was champion of group 5 of
the Junior Division of Honour Championship,
won the Kings Cup for the first time in twen-
ty years and reached the quarter finals of the
Champions Cup. The Junior B and C teams
won the National Junior Championship and
the Junior Regional First Division Champion-
ship respectively.
The Cadet B, Childrens A, Small fry A and B,
Beginners A and pre-beginners teams were
champions in their respective leagues.
These data point to the fact that the profes-
sionals in charge of our young players work
day in and day out with the sole idea of
improving results, seeking to favour the de-
velopment of the innate capacity of the kids
that arrive at our grounds and make them
into competent professionals, always back-
ing those talented players that understand
and take on board the values that made this
club the greatest in history.
During this season the club has brought 104
new players into its ranks, 16 of which belong
to the newly created Pre-beginners team.
Equally important is the policy of collabora-
tion with other sporting entities, with which
Real Madrid currently has 32 agreements
under way.
Special attention is given by the club to
players in the younger divisions coming
from other provinces, who are provided with
boarding at the SEK college, one of the most
prestigious schools in the Community of
Table of Contents
231 230
Pablo Laso was named best trainer in the
regular phase of the Endesa League and
Nikola Mirotic took the MVP award. In addi-
tion, Sergio Rodrguez was included in the
ideal five of the Endesa League 2012/13 as
the best back, Rudy Fernndez as the best
wingman and Nikola Mirotic as the best
wing-centre. Later the captain, Felipe Reyes,
was named MVP in the final. In the Eurole-
ague, Rudy Fernndez was chosen as one
of the best five in the competition.
The second basketball team, which plays
in the EBA League, finished in fifth position
in the regular league, with a balance of 17
matches won and 11 lost, and was only one
game way from entering the playoffs for pro-
motion to the LEB Silver League.
The Junior team was proclaimed champion
of Madrid, ending up in third position in the
Spanish Championship held in Marn y Cam-
bados (Pontevedra), and finished second in
the prestigious Torneo de LHospitalet tour-
nament. It also won the Torneo de Mstoles.
The Cadet A team was champion of Madrid
and finished sixth in the Spanish Champion-
ship played in Ferrol (A Coruna), falling to Uni-
caja in the quarter finals. In addition, the team
was victorious in the U16 Basketball Cup in
Hungary and in the 1st Torneo Mezquita Ba-
loncesto tournament held in Crdoba.
The Childrens A team won the Champion-
ship of Madrid (Luka Doncic was chosen
MVP of the tournament) and was proclaimed
Spanish champion club in Guadalajara. The
team, trained by Jos Luis Pichel, won all
the tournaments in which it participated
In the Second Division, 48 players from the
Real Madrid junior ranks played in 16 clubs: A.
D. Alcorcn (3), U. D. Almera (4), Crdoba C.
F. (1) Hrcules C. F. (4), Elche C. F. (4), Nstic
de Tarragona (2), Girona C. F. (3), S. D. Hu-
esca (5), U. D. Las Palmas (2), C. D. Numancia
(2), C. D. Guadalajara (2), Real Club Recreati-
vo de Huelva (3), C. E. Sabadell (2), Xerez C. D.
(6), Sprting Gijn (4) and Villarreal (1).
Finally, as many as 45 players from our nurs-
ery played in important overseas leagues,
such as Italy, Germany, Portugal, England,
Bolivia, Switzerland and the Czech Republic.
Basketball
Real Madrid started the 2012/13 season by
winning the first title up for grabs in the year,
the Supercopa Endesa, in Zaragoza.
The team went on to win the Endesa League
championship, beating F.C. Barcelona
Regal in the final play-off. This saw the club
take a trophy that it had not won since the
2006/07 season. It was also runner up in the
Euroleague in the Final Four played in Lon-
don, falling to Olympiacos in the champion-
ship final.
In the Kings cup, played in Vitoria, Real
Madrid lost to F.C. Barcelona Regal in the
quarter finals.
Also, the first basketball team was pro-
claimed champion of the 29th Community of
Madrid Tournament, played at the Europa
Pavilion in Legans.
The great season played by the whites was
endorsed by a number of individual mentions.
The club continues to provide keen backing
for talented young people in the Community
of Madrid, since this simplifies the process
of training and adaptation and their assimi-
lation of the values of Real Madrid.
During the 2012/13 season the Real Madrid
players nursery maintained the agreement
signed during the 2011/12 campaign with C.B.
Pozuelo, the result being highly satisfactory.
During 2012/13 the club provided scholar-
ships for 12 players from other provinces,
and even from abroad. They were all in-
stalled as boarders at SEK, one of Spains
most prestigious educational centres.
The first basketball team provided five
players for the national squads of Spain (3),
Croatia (1) and Slovenia (1), to play the Eu-
ropean championship in Slovenia 2013.
Our junior divisions have also produced two
players for the Spanish Under 20 team, one
for the Under 19s, one for the Under 18s,
two for the Under 16s, two for the Under
15s, three for the Under 14s and another
three for the Under 13s. Pape Mbaye (Un-
der 20s in Senegal), Valter Lindstrom (Un-
der 18s in Sweden), Wally Niang (Under
18s in Senegal) and Luka Doncic (Under
16s in Slovenia) are also international play-
ers with their respective national teams.

throughout the year (2nd Torneo Infantil de
Pretemporada Getafe Beta, 23rd Torneo
Infantil Ciutat de LHospitalet, 2nd Torneo
Infantil de Viladecans and 14th Torneo In-
fantil de Baloncesto de Olmedo: Ciudad del
Caballero). Special mention should be made
of the victory of the Childrens A team in
the Minicopa ACB de Vitoria, since this was
the first time that Real Madrid had won this
prestigious trophy.
The Cadet B and Childrens B teams
achieved the educational and sporting ob-
jectives mapped out at the beginning of the
season. Special mention should be made of
the victories of the Cadet B team in the Ma-
jadahonda, Getafe, Comarca Gdar-Java-
lambre, Esplugues (unofficial championship
of Spain in the first-year cadet category),
Comarca de la Loma and Villas de Villacar-
rillo tournaments and of the Childrens B
team in the 5th Pablo Barbadillo Memorial
tournament played in Tres Cantos, the unof-
ficial Spanish Championship in the pre-chil-
drens category.
For the first time in the history of the club, the
Junior, Cadet A and Childrens A teams were
all regional champions in one same season.
During the 2012/13 campaign, Real Madrid
acquired rights to five players for the first
team (Rudy Fernndez, Dontaye Draper,
Marcus Slaughter, Rafael Hettsheimeir and
Tremmell Darden) and to a further 25 for the
younger ranks, playing in the Childrens B
(11) EBA League (1), Junior (4), Cadet A (3),
Cadet B (3) and Childrens A (2) teams.
Table of Contents
233 232
3.3 Employees

During the 2012/13 season, Real Madrid has
maintained an average staff of 622 contribu-
tors to the social security system, of which
270 are athletes, 287 are regular in-house
employees and 65 are permanent employ-
ees who work on an intermittent basis. Of
the clubs employees, 1.29% have tempo-
rary contracts and 98.71% have permanent
contracts of unlimited duration.
Thirty-six percent of the clubs employees
are female. Of these, 38 have positions of
responsibility in the club.
The non-athlete staff members include
workers of nine different nationalities, a fact
which gives an idea of the internationaliza-
tion of the clubs activities. In the 2012/13
season, two employees retired and eight
female and nine male employees took ma-
ternity/paternity leave. Also, two employees
took a leave of absence to care for under-
age children and nine employees reduced
their working hours due to their legal guard-
ianship of underage children.
It bears noting that this season the Code
of Ethics was published. It is targeted at all
Real Madrid employees and collaborators
and contains the good professional practic-
es followed by the staff members through-
out the history of the club, in a document
that adheres to the best practices of corpo-
rate good governance and highlights the ex-
emplary behavior expected by Real Madrid
from all of its members at all times. Likewise,
the Ethics Committee has been appointed,
and is made up of members of the clubs
Board of Directors and executives. This
As in the case of football, the club has an
agreement with Sanitas to provide suitable
medical care guaranteeing the optimum
physical performance of the players. Within
the framework of this agreement, Sanitas
has provided day-to-day medical care for
the players, performing a total 47 diagnos-
tic checks, three surgical interventions, 70
analyses as part of the prevention pro-
gramme, 22 check-ups, seven urgent inter-
ventions and seven podology studies, as
well as the annual medical check-ups per-
formed on all the personnel.
Players from the junior ranks of Real Madrid
Mention should be made of the participation
in the first basketball team, in both train-
ing sessions and matches, of the players
Guillermo Hernangmez, belonging to the
Real Madrid EBA League team and an inter-
national Under 19 player, and Alberto Mar-
tn, the base man of the Junior team and an
Under 18 international.
In addition there are nine players from our
minor divisions that played in other teams
in the Endesa League during the 2012/13
season: in Caja Laboral /Laboral Kutxa (2),
Herbalife Gran Canaria (2), Lagun Aro (2),
UCAM Murcia (1), Blusens Monbus (1) and
CAI Zaragoza (1). Furthermore, Bojan Bog-
danovic played for Fenerbahe lker in both
the Turkish league and the Euroleague.


3.4 Sports and public administrations

This season, Real Madrid has continued to
adhere to its policy of timely compliance
with tax obligations and social security
contributions, and at all times has been up-
to-date in its payments to the public ad-
ministrations. Likewise, it has continued its
institutional collaboration with the local and
autonomous community administrations.
Football
Real Madrid has a presence in the most
important football organizations at both the
national and international levels. We high-
light the clubs participation in the following
organizations:
UEFA (Union of European
Football Associations)
This season, Real Madrid has been very ac-
tive in the various committees and bodies
of the European organization, particularly in
UEFA Events S. A. and in the Professional
Football Strategy Council, to which the
president serves as representative.
ECA (European Club Association)
This is an organization that brings together
the main European clubs, and in whose gen-
eral assemblies Real Madrid is represented
by our president and other club senior ex-
ecutives. Among the committees that make
up the organization, there is an Executive
Board in which the club is also represented
by our president and vice-president, an In-
stitutional Relations Working Group, and
a Competitions Working Group.
committee will enforce the application of the
Code of Ethics throughout the entire organi-
zation at all times.
Real Madrid has also continued to invest
in the continuing education of its staff
members. This investment has surpassed
180,000, divided in 114 training programs
targeted at 386 attendees. As a whole this
represents more than 11,600 continuing
education hours in the season.
The occupational hazard prevention plans
have also been furthered. This season, they
included 215 employee medical exams, as
well as training courses in risk prevention,
fire extinguishing, first aid, the use of defi-
brillators and a smoking cessation program.
Also, we have carried out a flu vaccine cam-
paign, through which 54 employees have
been vaccinated. The cardiopulmonary
resuscitation (CPR) course deserves special
mention, as does the course on the use of
the defibrillators installed in our sports facili-
ties. In total, 66 people have received this
training, which, together with the existing
defibrillator equipment, completes our occu-
pational hazard prevention plans in this area.
The Health and Safety Committee, com-
posed of club worker and management
representatives, has continued its activi-
ties, making notable progress in the oc-
cupational hazard prevention plans for all
areas. Seventy-two events have been held
with supplier companies that have provided
services in the club facilities, in accordance
with the regulations in force and to coordi-
nate the prevention of occupational hazards.
Table of Contents
235 234
television, in which the assignment of adver-
tising space substitutes direct investment
as a means of compensation.
TVE, through La1 and Teledeporte, shared
the broadcasting of the Endesa league
games with the FORTA, although it was
agreed that the most important games
would be rebroadcast by TVEs La1, in order
to both heighten competition and promote
the entrance of new sponsors.
In addition, the significant restructuring of
Telemadrid, the autonomous community of
Madrids television station and a channel
that has ceased to broadcast Endesa league
games due to budgetary issues, has led to a
significant decrease in the number of view-
ers as well as revenue from television.
Euroleague
The club has played a very active role at the Eu-
roleague executive board meetings and general
assemblies, of which it forms part together with
other clubs, leagues, and federations.
The changes approved last year that were
implemented in the 2012/13 season have
been very positive. The new Top 16 for-
mat with two groups of eight teams and 14
games instead of the six that were played
until the 2011/12 season, together with
games being played on Fridays, were wise
decisions, as shown by the large number of
spectators at the stands and the large tele-
vision audiences that have been registered.
Community of Madrid
The club continues to maintain excellent
relations with the Community of Madrid. Its
collaboration with this institution is tighter
FIFA (International Federation
of Association Football)
Our club is represented at the highest tier of
football by our president, who is a member
of the Football Committee.
RFEF (Royal Spanish Football Federation)
This season the club has had a very active
presence, most notably the presidents partic-
ipation in the Federations board of directors.
FFM (Madrid Football Federation)
This season the club has had a very active
presence in the Madrid Football Federation.
LNFP (National Professional
Football League)
The club is represented in this organization by
our general manager. This season it has been
very active in the organizations activities.
Basketball
Real Madrid participates in basketball deci-
sion-making bodies at both the national and
international level.
ACB (Basketball Clubs Association)
In the 2012/13 season, the ACB organized
working groups in various areas, such as
sports sponsorship and marketing or com-
munications, in addition to holding three
general assemblies and another three meet-
ings of the standing committee. Real Madrid
was present and actively participated in all
of these.
This year the negative consequences of the
crisis on the different television operators
have come to light. The significant decrease
in revenue suffered by all of them has forced
the clubs to design a new framework for
drid City facilities, as well as our Under-16s
B team, which will play in the final stage of
the Nike Cup in Manchester next August
after having won the national stage in Elche,
and the Pre-Under-10s team, which won the
Madrid final stage.
Basketball
EIn the preseason, Real Madrid played sev-
en friendly games: two in the Costa del Sol
Tournament, two in the Guadalajara Tourna-
ment, one in the Alicante Tournament, and
two others in the Euroleague American Tour
2012, in which the team was pitted against
the Memphis Grizzlies and Toronto Raptors.
The overall statistics for this preparation
stage were five wins and two losses, both
against the two NBA teams.
The basketball academy teams have played
various friendly games and have been in-
vited to participate in the most prestigious
tournaments at the national and internation-
al levels, for a total of 22.
The Spanish Amateur Basketball (EBA) teams
participation in the Community of Madrid
Tournament and the Jnior teams participa-
tion in the LHospitalet Tournament, organized
by the Euroleague, are of particular note.
than ever, as shown by how the regional
government has reserved the Palacio de los
Deportes [Sports Center] for Real Madrids
Endesa league and Euroleague games.
Furthermore, Real Madrid participated, as
it does every year, with Asefa Estudiantes
in the CAM [Mediterranean Savings Bank]
Basketball Tournament, winning it for the
twentieth time.
Youth academy
Real Madrids youth academy is involved
in the Spanish and Madrid Basketball Fed-
erations, and actively participates in the
general assembly of the Spanish Basketball
Federation (FEB) and in several meetings
with the Madrid Basketball Association
over the course of the year, thus improving
communication between the club and these
federations as well as making work dynam-
ics more fluid.


3.5 Other clubs

Real Madrids relations with other clubs are
manifested by its participation in tourna-
ments and friendly games.
Football
In the 2012/13 season, the academy teams
played in a total of 85 national and inter-
national tournaments, among which the
Pusks Cup, played in Budapest and won by
our Under-18s C team, and the tournament
played in Caracas (Venezuela), won by the
Under 16-16s B team, stand out.
We must also give special mention to the
Under-16s A team, which won the Miguel
Malbo Tournament, played in the Real Ma-
Table of Contents
237 236
das, two new RM Official Stores in Madrid
in such emblematic avenues as the Gran
Via and Goya Street. These outlets are in
addition to the two already operating in the
Santiago Bernabeu stadium and in Carmen
Street, which together account for an annual
flow of nearly 2 million visitors.
Real Madrid offers catering services in the
stadium every day of the year through cove-
nant agreements with four top-class restau-
rant firms, which enables the club to diversi-
fy the cuisine and prices on offer. During the
2012/2013 season, Real Madrid signed a
license agreement for the development and
operation of the future Real Madrid Cafs
in the Middle East, the first of which will be
located in Dubai and will open for business
during the coming season.
The Real Madrid VIP Area has 4,850 seats
distributed on all sides of the Bernabeu
Stadium and 500 seats for basketball at the
Community of Madrid Sports Palace.
The VIP seats at the Bernabeu Stadium are
split into 245 boxes housing 3,074 seats
and 1,776 individual seats, both indoors and
outdoors. Furthermore, the four restaurants
at the Bernabeu Stadium (Gate 57, the Cor-
ner Grill, The Real Caf and the Zen Market)
are used as Hospitality rooms at each match.
As part of the infrastructure modernisation
and optimisation policy, several zones in the
VIP Area have been refurbished this year to
provide greater comfort for our clients.
3.6 Clients

During the 2012-2013 season, Real Madrid
worked with more than 700 companies that
accounted for revenues of over 360 mil-
lion for the club. Such clients include both
national and international companies from
a wide range of market sectors and en-
compass sponsors, licensees, manufactur-
ers, retail chains, operators, tenants of VIP
boxes, etc.. Over 850 contracts have been
entered into, of which more than one third
are new agreements.
The Consumer Product Licensing business
unit, managed either directly or through the
Master licensee, has handled a portfolio of
125 contracts.
The Sponsorship and Advertising business
unit has more than 60 clients.
The Events business unit contracted events
with 150 firms for non-match playing days,
with events as diverse as product launches,
business meetings, conferences, gala din-
ners, amateur matches, etc. The services
the club offers outside its standard activities
on non-match days include visits to the Sta-
dium, called Tour of the Bernabeu, which
attracted 700,000 visitors in the 2012/2013
season, 140,000 of whom chose to pur-
chase additional services apart from the
tour such as a Digital Photo as a souvenir of
their visit to our stadium. The quality of this
service has been very high.
With regard to the official store business, at
the end of the 2012/2013 season, the club
opened through its Master Licensee, Adi-
calls and dispatched 477,000 magazines
and 6.5 million e-mails.
Peas (Supporter Clubs)
At present, there are 2,225 registered clubs
of Real Madrid supporters, of which 2,116 are
Spanish and 109 foreign in 53 different countries.
The activities and events held with these Fan
Clubs during the 2012/2013 season include
meetings with them at each of the venues
the team visits as part of its Spanish League
commitments and which were attended by
610 fan clubs, as well as 8 events coincid-
ing with the teams travels in international
competitions. Likewise, fraternity lunches
were held with opponent fans, at which
more than 175 Real Madrid and rival team
fan clubs participated in the various friend-
ship meetings between supporters. A total
of 254 events were organized by supporter
clubs, at which one club celebrated its 50th
anniversary and 15 of them celebrated their
25th anniversary. Special mention should
be made of the 2013 Meeting of Real Madrid
Supporter Clubs held on 9th June at the Ci-
udad Real Madrid, where a 7-a-side Junior
and Pre-Junior soccer tournament was also
held over the weekend. Over 1000 supporter
clubs attended the meeting, in which more
than 6,000 people participated.
A Supporter Club Service office (OAP) also
exists, which gives club members access
to an e-mail account ([email protected].
com) where they can send their suggestions
and keep in permanent contact with the De-
partment of Supporter Clubs.
The vast majority of the 380 VIP Area clients
during the football season are companies
from a wide range of sectors (multinational
consortiums, firms listed on the Ibex-35,
SME, etc..). During the 2012/13 season,
more than 14,000 additional VIP seats were
sold for specific matches.
The management model for the area is
based on a policy of price per seat and zone.
In addition, emphasis has been placed on a
new strategic goal, namely to promote our
VIP Products internationally and thus ex-
pand their market share. To do so, the VIP
Area has participated this year in important
trade exhibitions in Spain, such as FITUR,
as well as international fairs with Turespaa
and the Madrid Convention Bureau in United
Arab Emirates. Furthermore, agreements
were signed with travel agencies and tour
operators in the region and plans are under-
way to reinforce the VIP Areas presence in
Mexico, Russia and China.

3.7 Fans

Madridistas
Real Madrid has 180,000 active fans regis-
tered on its Madridista program. These fans
are identified by the club and maintain a
direct relationship with Real Madrid.
The club also maintains relationships with
another group called e-madridista, which
comprises about 250,000 active members.
The Club maintains a high level of commu-
nications with both groups and during the
2012/22013 season handled 160,000 phone
Table of Contents
239 238
3.9 Society

During the 2012/2013 season, Real Madrids so-
cial actions were focused on the following areas:
3.9.1 National Area
The Realmadrid Foundation social-sports
schools continue to uphold football and
basketball as excellent tools for transmit-
ting positive values, with the clear intention
of creating healthy sporting habits and of
collaborating with families in the upbringing
of nearly 4,000 children aged between 5 and
17 in a total of 55 football academies in vari-
ous localities. These social-sports schools
have two training programs for teachers,
which have been consolidated into a teach-
ing method: They play, We Educate and In
favour of Real education: values and sport.
A significant highlight of this program was
the opening of 9 social-sports schools in
Santander, Logroo, Ibiza, Mahon, Las Tab-
las-Madrid, Puerto Lumbreras and Melilla,
which started up this season, apart from the
football and basketball Inclusion schools.
The sports schools run a domestic tourna-
ment from February to May at the Ciudad
Real Madrid for football and in Arganzuela
for basketball. A national tournament is run
in June, in which all the social-sports schools
from outside the Madrid region take part.
The basketball training program ended
with the staging of the V Inclusion Campus,
where non-disabled students spend five
days living and training with handicapped
students in wheelchairs, all of whom share
the same dream - basketball.
Finally, this season also saw the start-up
of the fortnightly Supporter Club Electronic
Newsletter, which keeps members up to
date of the latest developments and news
about the Real Madrid Supporter Clubs.

3.8 Suppliers

During the 2012-2013 season, 3,400 goods
and service procurement transactions took
place, including those listed under operat-
ing and investment costs. Total supplier
turnover stood at 120 million Euros, distrib-
uted among 800 different suppliers.
The Procurement Committee held seven
meetings, which approved and supervised
major purchases of the goods and services
and investments made by the club during
the season, as well as checking the evolu-
tion of the budget and its implementation in
the various business units.
During the 2012-2013 season, 72 coordina-
tion meetings on occupational health and
safety were held with suppliers providing
services either at our facilities or at other
facilities where the Club acts as the pro-
moter without being the owner of the venue
(e.g. Community of Madrid Sports Palace
and Valle de las Caas Municipal Sports
Hall, competition or training venues for our
basketball teams). All such coordination
actions are intended to ensure that compa-
nies working for Real Madrid meet the oc-
cupational health & safety policies laid out
in the Workers Charter and fundamentally in
the Prevention of Occupational Hazards Act
31/1995 and Royal Decree 171/2004.
The Realmadrid Foundation still has its wid-
est following in America. After the huge ex-
pansion that has taken place in the last four
key years, this season saw consolidation
and strengthening of our work in Argentina,
Bolivia, Brazil, Chile, Colombia, Costa Rica,
Cuba, Ecuador, the United States, El Salva-
dor, Haiti, Guatemala, Honduras, Jamaica,
Mexico, Nicaragua, Panama, Paraguay,
Peru, the Dominican Republic, Trinidad and
Tobago, Uruguay and Venezuela.
One of the great milestones was the signing
of a cooperation agreement with Microsoft
to make a financial donation to our projects
in Argentina, Brazil, Colombia, Ecuador and
Mexico, and the donation of software to
enhance the technological capabilities of
our local partners and beneficiaries in Latin
America and the Caribbean.
Our social-sports schools Africa Project,
which was initially funded with the profits
raised from the two Corazn Classic Match
charity matches held in successive seasons
2010-2011 and 2011-2012 - has enabled the
Foundation to strengthen its overall objec-
tives of promoting the integral development
of all children. The results of this season have
been excellent, with an effective presence in
28 countries and a total of 40 social-sports
schools operating in Angola, Algeria, Benin,
Burkina Faso, Burundi, Cape Verde, Cam-
eroon, Egypt, Ethiopia, Ghana, Equatorial
Guinea, Kenya, Madagascar, Malawi, Mali,
Morocco, Mozambique, Niger, Central Afri-
can Republic, Congo, Democratic Republic
of Congo, Rwanda, Senegal, Sierra Leone,
South Africa, Tanzania, Togo, and Uganda.
The football, basketball and tennis Campus
Experience is held in the summer and at
Christmas both nationally and internation-
ally. At the last edition of Campusexperi-
ence, more than 2,200 young people aged
between 7 and 17 years from 40 different
nations took part.
3.9.2 Society Area
(schools for other groups)
The Realmadrid Foundation maintains a
presence in 20 prisons in the Iberian Penin-
sula and has expanded its activity in Ibiza.
It also runs four social-sports schools at
vagrant shelters in Picon de Jarama (Par-
acuellos), at the Manzanares Residence in
Chamber and, starting this season, at the
Casa de la Almudena in Madrid, as well as in
Murcia and Alicante.
Furthermore, six basketball programs have
been running at hospitals in the Community of
Madrid: at the Gregorio Maran Hospital, the
Doce de Octubre Teaching Hospital, the La
Paz Teaching Hospital, the Nio Jess Hos-
pital, Ramn y Cajal Hospital and the Mon-
teprncipe Teaching Hospital. The Realmadrid
Foundation also runs a physical activity pro-
gram for the benefit of 250 elderly people at
the Canal de Isabel II offices in Madrid.
3.9.3 International cooperation
The 2012-2013 season closed with 209
schools in operation involving over 34,000
children and young people from 67 countries,
enabling them to grow and train on the basis
of the keenest Real Madrid values: ability to
excel, respect, companionship and solidarity.

Table of Contents
241 240
for almost a year and was visited this year
by the President of Spain, who was able to
see first-hand how this great project works.
3.9.4. Institutional communications,
events and activities
Other activities include the two editions of
the Luis de Carlos Forum under the titles of
Scorers and Real Madrid and Basketball;
the updating of objects for the new Berna-
beu Stadium Tour; the publication of a book
by publishers Everest (Sergio Ramos. Heart,
Character and Passion); and the service pro-
vided by the Historical Heritage Centre to all
members of the Club and entities that wish to
pay tribute to Real Madrid and its Foundation.
The 2013 Veracruz Corazn Classic Match
Solidarity with Children charity football
match brought the most significant players in
the history of Real Madrid CF and Juventus
FC together on the football field, including
figures such as Zidane, Figo, Roberto Carlos,
Morientes, Butragueo, Redondo, Santillana,
Cannavaro, Ravannelli or Peruzzi. The profits
of the match were donated to the campaign
that forms part of the Spanish Red Cross
Successful Schooling Program known as
Solidarity with Children, which has already
distributed more than 500,000 after-school
snacks to over 5,000 children for 110 days.
This scheme is intended to supplement the
diet of children from the poorest families in
fourteen autonomous regions.
3.9.5 Participation by veterans
Veteran players took part in various of the
Foundations activities: in the 2013 Vera-
cruz Corazn Classic Solidarity with Chil-
dren charity match, which was played by
veterans of Real Madrid CF and Juventus
After 4 successive seasons under imple-
mentation, the Realmadrid Foundations
social-sports school program in the Middle
East is now bearing its first fruit. Our work
in the region is geared specially to encour-
aging the values of citizenship and peace
and to promoting healthy lifestyles in Saudi
Arabia, Bahrain, the UAE, Israel, Jordan,
Kuwait, Kurdistan (Iraq), Lebanon, Oman,
Qatar, Palestine and Pakistan.
Our Technique-building program and the
Clinics are key in this region given the spe-
cial interest high-performance soccer arous-
es and they are combined with a genuine
concern for young people at risk of exclu-
sion to enable the funding of social projects.
Since the Realmadrid Foundations first
foray into Europe two seasons ago with the
creation of the first schools, its presence
has grown considerably, even in the midst
of the severe economic crisis that has en-
gulfed our continent in recent years.
Far from slowing down, we have continued
with our work of supporting the upbringing and
education of poor children and adolescents
at risk of social exclusion or marginalization
in Azerbaijan, Hungary, Italy, Poland, Portugal
and Romania by educating them in values.
The objectives for the Realmadrid Founda-
tion in Asia this season were focused on its
technical consolidation and reinforcement
on the continent. Such expansion means
strengthening our projects in China, India
and Indonesia, as well as launching schools
in Timor-Leste. The worlds largest football
academy - the school with the Evergrande
Group in China - has now been in operation
3.9.7 Activity of the Real Madrid Graduate
School-Universidad Europea
The school is present in thirteen countries:
Spain, Brazil, Cyprus, Costa Rica, Ecuador,
Mexico, Peru, Chile, Turkey, Germany, Mo-
rocco, Portugal and the United States.
Focused on health, sport, management
and communication, our School offers ten
Masters courses: MBA - Masters Degree
in Management in Sports Institutions, MBA
in Sports Management and Entertainment,
MBA in Sports Management (online), Mas-
ters Degree in Sports Law, Masters De-
gree in Sports Marketing, Masters Degree
in Communications and Sports Journalism,
Sports Management - Marketing (online),
Masters in Talent Detection and Develop-
ment in Soccer, Masters Degree in Sports
Training and Athlete Nutrition, and Masters
Degree in Sports Physiotherapy. More than
3,000 students have already passed through
its classrooms.
During the 2012/2013 academic year, the
School taught masters courses to 201 stu-
dents at its main site in Madrid, and 887 on
its twelve international sites. In the school in
Madrid, 48% of students came from 33 coun-
tries, the highest number since the School
was founded in 2006. During 2012-2013,
activities carried out included the launch
of the Masters Degree in Sports Marketing
and the Masters Degree in Management
of Entertainment Companies. Special men-
tion should be made of the academic train-
ing trips that our students on the Masters in
Sports Business Management and Adminis-
tration went on to London and New York, the
latter of which accompanied by students on
the Sports Management, Online Sports Man-
FC; in two matches in Mexico for the benefit
of the Realmadrid Foundations schools in
the country; in the week-long Basketball
Inclusion campus in favour of physically
disabled people; playing basketball games
with physically and mentally handicapped
persons, in the charity tournament with the
Padel Group; in football matches with in-
mates at the Aranjuez prison; and in the Luis
de Carlos Forum in honour of Scorers and
Real Madrid Basketball.
3.9.6 Participation by current players
The Foundation has also channelled the
presence of current players at different in-
stitutional events: Iker Casillas gave a clinic
with prospective students at the Foundation
in Houston; Cristiano Ronaldo, Kaka, Pepe,
Rudy Fernandez and Sergio Llull took part
in the campaign No child without a toy;
Arbeloa trained with students at the football
integration school, Adan was present at the
opening of the social-sports school in Tole-
do, Morata and Nacho at the school in Torre-
jn de Ardoz; Real Madrid basketball players
Felipe Reyes and Sergio Llull played with
children at the Basketball Inclusion Campus
and both of them, along with Rudy Fernan-
dez and Sergio Rodriguez, also participated
in the Luis de Carlos Forum entitled Real
Madrid and Basketball, while Nikola Mirotic
was the ambassador of the Euroleagues
One Team Program in which the adapted
basketball school took part.
Also noteworthy is the presence and sup-
port given to the Foundations programs by
members of the Board and the Clubs execu-
tive officers, such as Emilio Butragueo and
Miguel Pardeza, among others.
Table of Contents
243 242
nabu Stadium and the Ciudad Real Madrid
sports complex, for which it has created a
collection, transport and treatment system
that exceeds European Union guidelines.
Last year, in the Santiago Bernabu Sta-
dium block, which includes the La Esquina
del Bernabu shopping centre, 461,802 kg
of waste was collected, reusing 353,526 kg
in lightweight packaging and 59,182 kg in
paper and cardboard, with around 11% of
inappropriate materials.
In Ciudad Real Madrid the total amount of
waste collected was 63,755 kg recovering
46,260 kg in lightweight packaging and 12,720
kg in cardboard. In this case, 7% of the total
waste collected was inappropriate materials.
The investment in recent years in the mod-
ernisation and management of the facilities,
which last year exceeded 160,000, con-
tinues to generate considerable electrical
energy savings due to the automation and
programming of the lighting in both the Ciu-
dad Deportiva and stadium. Similarly, cli-
mate control in the enclosures of both com-
plexes has not only resulted in greater user
comfort, but has also led to energy savings.
By combining user training and continuously
reminding of the importance of efficient
electricity, climate and power management,
a considerable improvement in our con-
sumption has been detected.
With regard to energy consumption, more
than 60% of hot water is provided by solar
thermal energy, with the resulting saving in
fuel, either diesel or natural gas. Progress
agement and Management of Entertainment
Companies Masters courses. At the same
time, students on the Masters in Talent
Detection and Development in Soccer visited
the Ajax Academy in Amsterdam, one of the
most renowned academies in the world.
On the fourth occasion of its holding, the
Real Madrid Chair, led by the Nobel Prize
in Literature winner, Mario Vargas Llosa,
awarded ten research grants for a total
of 50,000. On this occasion they were
awarded by the President of Real Madrid,
Florentino Prez, and Mario Vargas Llosa at
a very emotional event held on 6 June in the
Presidential Box of the Santiago Bernabu
Stadium. Since its creation, the school has
contributed 250,000 euros to research.
Special mention should go to the fact that
Mario Vargas Llosa, Nobel Prize in Litera-
ture winner, was the sponsor of the schools
7th year of students for the 2012/13 course,
with the graduation ceremony held on 2 July
2013 at the Santiago Bernabu Stadium.
3.9.8 Environmental Action
Real Madrid, through its collaboration
agreements with selective waste collection
companies and coordinated through the
general cleaning company, manages all its
non-hazardous and hazardous waste collec-
tion, transport and treatment needs, result-
ing from its industrial activity.
Since 2007, Real Madrid has had an agree-
ment in place with Ecoembes Espaa, S.A.
for the implementation of the selective col-
lection and recovery of lightweight packag-
ing and cardboard, both in the Santiago Ber-
3.10 The media

The Communications Department manages
the clubs relations with the media and is re-
sponsible for producing all of Real Madrids
own communication materials.
3.10.1 Realmadrid.com
Realmadrid.com disseminates all institu-
tional, social and sporting information about
the club. During the 2012/13 season, it con-
tinued to increase its presence on the Inter-
net with an average of 10 million visits per
month to its Spanish language website. To
the current versions in English, Arabic, Japa-
nese and Indonesian will now be added ones
planned in Chinese and French.
3.10.2 Publications
The club has produced 13 publications,
including the two annual reports (club and
foundation) and online publications. The
clubs quarterly magazines include in par-
ticular Hala Madrid, which reaches 215,000
members and Madridistas (Real Madrid sup-
porters), and the bulletins Hala Madrid on-
line and e-Madridistas, sent to more than
600,000 users.
On every Liga BBVA match day a match pro-
gramme was produced, Grada Blanca, with
a circulation of 30,000 copies per match,
handed out in the stadium. Likewise, at
every Liga BBVA match a press dossier was
produced, of which 700 copies are printed
for the accredited press and guests in the
Directors Box.
has also been made this past year with re-
mote control systems, with the daily adjust-
ment of the temperature settings according
to weather conditions, optimising energy
costs in the process.
In relation to water consumption in the Real
Madrid Football City, a vital raw material
for our activity, the club has a separation
sanitation system and treatment plant up
to tertiary treatment, achieving an optimum
level of water quality for reuse as irrigation
water. In addition, and after building the
necessary infrastructure, there is a connec-
tion to the recycled water network of the
city of Madrid. All these recycled water and
consumption systems, together with effi-
cient management and correct planning of
irrigation times, enables optimum use of the
water resources, with 98% of total irrigation
coming from recycled water.
For its implementation next season, the
design and planning of an energy-saving
Internal Awareness Plan is now in the final
stages, with training and communication
actions aimed at different users of our facili-
ties (employees, service providers, custom-
ers, visitors). That action plan explores ways
of reducing consumption and, naturally, our
carbon footprint too.
All these actions are designed to position
the club as a benchmark in sustainability
and environmental awareness.

Table of Contents
245 244
3.10.3 Realmadrid TV
Real Madrid TV is the clubs official channel,
on which fans can follow sports and institu-
tional news, particularly through two daily
news programmes and hourly bulletins.
The latest news and day-to-day business of
the clubs foundation and social area has also
been given many hours of airtime on RMTV.
RMTV is present in more than 85 countries
across all the continents and continues to
expand. It broadcasts two 24 hour channels
with their own programmes in Spanish and
English. The latest information about the
club -news programmes and hourly bul-
letins-, magazines (Real Madrid Life, Top
Goals), debates (La Tertulia, Extratime) and
special programmes (Hoy Jugamos, The
Match, 6.75) cover all the clubs sports, so-
cial and institutional angles.
3.10.4 Social networks
These are two-way communication chan-
nels between Real Madrid and its fans,
which during the season became a refer-
ence worldwide. In June 2013, more than 60
million fans followed us on one of the main
platforms: Facebook, Google +, Youtube,
Twitter, Instagram, Ren Ren, Tencent, etc.,
a growth of 41% (more than 16,000,000 fol-
lowers) on the previous season. Communi-
cation is in various languages: Spanish, Eng-
lish, Chinese, Japanese, Arabic and French.
Table of Contents
Published by Real Madrid C. F. Graphic Design by Menndez Studio Printed by Rotosa S. A.
Printed September 2013 in Madrid
Annual Report 2012 / 2013 Real Madrid C. F.
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