Where Is Atlético Madrid's MONEY Coming From? | 20% to @steem.sports

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The summer of 2021 may well come to be remembered as the moment that after decades of almost unrivaled dominance from Real Madrid and Barcelona. Athletico Madrid emerged as the strongest club in spain not only did they secure their 11th la liga title but while Barcelona lost its greatest ever player, amid a crippling financial crisis. Real held back on spending for almost two entire summers in order to land Kilian Mbappe losing their manager and selling a number of key assets in the process. los colcineros have held on to their best players and added to their squad too but in the midst of a global pandemic which has seen many of europe's top clubs suffer big losses.

Despite the stability on the field that Diego Simeone has brought to Atletico Madrid the club has rarely been seen as particularly stable. Between 1987 and 2003 they were run by notorious politician and businessman Jesus Gil who earlier in his life had spent time in prison after an unsafe building he'd commissioned collapsed and killed 58 people. To say his time as lost Rocky blanco's president was chaotic is an understatement. The club got through 39 managers in 16 years and Gil was even saying that sacking a coach is like having a beer, I could sack 20 in a year.

He made similarly rash decisions with players. In his first two years as president, he sacked central midfielder and future Barcelona boss setien for hanging out with Raucus women. As well as three other players including Jesus Landaburu who was studying a degree in physics at the time and was deemed by Gil to be using his intelligence to turn teammates against him.

Then in 1992 the same year in which he bought the previously fan-owned club, changing it into a public limited sports company he shut down the Academy. A move which resulted in teenage Prodigy Raul moving to city rivals royal. In 2000 just four years after winning the league for the first time in almost 20 years, they were relegated for the first time in 70 years and in 2003 Gil was given a three and a half year prison sentence following an investigation into financial offences connected with his acquisition of the club at the start of the previous decade.

He passed away the following year leaving atleti to his son Miguel Angle Gil marin who has been CEO since 1993. While his close ally Enrico thoretho who also held a stake in the club had already taken over as president. This was despite both them being implicated in the fraud case which had seen the late owner sentenced to prison. According to Jesus Martinez a lawyer and member of the sonalis dahumo supporters group since 2004 Atletico madrid has been ruled by a guy who's in that position I legitimately. Whilst Carlos Castellagenia, a lawyer who had worked on two anti-corruption cases against the club ownership accused the Gil family of systematic looting. The shadow of Gil's father loom large over the following decade.

In 2011 the seaside city of marber where hill had been mayor for 15 years became the center of what the independent described as the largest corruption trial in history. With Gil's children ordered to pay the town 100 million euros in compensation. Meanwhile investigations into the nature of the club's ownership were still taking place as late as 2014. But what about the club's finances? Despite regaining la liga status in 2002 Athletico didn't qualify for the champions league again until 2008 and while the decades or heroics from the likes of Fernando Torres, Diego Fordan and Sergio Aguero it was also marred by a number of poor signings from massachusetmen to florence cinema pongoli as well as mass fan protests against the ownership.

Between 2008 and 2009, the club's budget dropped from 120 million euros to 80 million euros. Despite no significant outlays in the transfer market and the windfall from returning to the champions league. At the end of 2011 spanish publication as estimated that the club owed 155 million euros in tax. Over 100 million euros more than the next highest Barcelona. According to a study by the Swiss Ramble it was only as low as this because of all the money made from the sale of Sergio Aguero to man city had gone straight to the tax authorities.

The same study found that in the same year the club's total debt stood at 514 million euros, second only to Barcelona and Real whose huge revenues made up 80 percent of what they owed. Atletico on the other hand had generated just 100 million euros in the 2010-11 campaign, accounting for just 19 of their debt. The worst showing among la Liga clubs whose financial records for that season were available. What's more, it was found that 52 million euros the debt was owed to club staff.

When Javier Tebas introduced the strict spending regulations that helped reduce the debt of spanish clubs. When he was appointed la liga president two years later, Atletico madrid's situation was no doubt one of the standout cases for doing so. When Diego Simeone was hard midway through the 2011-12 season, some saw it as an attempt to appease angry fans.

After all he was a well-loved former player, winning the league in cup double with them in 1996 and returning for a two-year spell in 2003. 10 years later he is the most decorated manager in the club's history with two la liga crowns, two europa leagues, two uefa super cups and a copper del rey to his name. The redistribution of laliga television money continued qualification for the champions league and the greater commercial opportunities that came with success on the field saw atleti's revenue skyrocket during the 2010s.

In 2012-13 they generated just 120 million euros. Fast forward to 2018-19 and their annual turnover stood at 368 million euros. During this time their commercial revenue rose from 40 million euros to 100 million euros while their gate receipts which were already rising significantly before the move to the wonder metropolitano in 2017 rose from 28 million euros to 59 million euros.

In 2014 the year Simeone won his first la liga and made his first champions league final as manager, the club's wageable stood at just 64 million euros. By 2019, this had risen to 242 million euros. In less than a decade had gone from being a big club in a purely historical traditional sense to one of the biggest and most successful clubs of the 21st century. By 2015 aletti was receiving outside investment with chinese conglomerate the dallian wonder group purchasing a 20 stake in the club.

They eventually sold their stake to Israeli billionaire Eden offer retaining their name on the club's new stadium. But this wasn't the end of atleti's money worries stadium moves are almost always very costly and the club had to take out 160 million euro loan in order to finance the construction of the wonder metropolitan. With Gil Marine even calling it a big risk.