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Real Madrid are in fine financial health and have actually turned a profit for the past two decades, which denotes a highly disciplined approach to the way the club is run. The stadium deal with Legends/Sixth Street -- which gave them a €360 million up-front payment in exchange for splitting some stadium profits 70-30 in future years -- helped offset COVID-19 losses and finance part of the stadium renovation.
The big news, obviously, is the arrival of Kylian Mbappé as a free agent, as well as that of teenage sensation Endrick from Palmeiras, whom they secured a few years ago but is only able to move now that he is 18.