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41°41′ N 0°54′ W

Real Zaragoza

Tier 3Primera Federación, Grupo 2Zaragoza, Aragón, SpainOn the globe

Founded
18 March 1932
Ground
Ibercaja Estadio20,000 seats · opened 2025
Website
realzaragoza.com
Reserve side
Deportivo Aragón

Who owns Real Zaragoza

Real Zaragoza is controlled by A.GAIN (IDC Network), which holds 75%.

Owned by investors

From the pitch to the top

The company that fields the team, then each holder above it.

Fields the first teamReal Zaragoza, S.A.D.Sociedad anónima, Spain, NIF A50034107
  • 75%controls
    A.GAIN (IDC Network)Investment firmSince 14 July 2026, figure as of July 202675% until a planned capital increase after which the split would be 60/40, according to El Periódico de Aragón via 2Playbook.High confidenceSources: Real Zaragoza, 2Playbook
  • Stake not knownminority
    Jorge MasPerson, United StatesFigure as of July 2026With Juan Forcén holds the remaining 25%.Medium confidenceSources: 2Playbook, Real Zaragoza
  • Stake not knownminority
    Juan ForcénPerson, SpainFigure as of July 2026With Jorge Mas holds the remaining 25%.Medium confidenceSources: 2Playbook, Real Zaragoza

Changes of control

  1. 14 July 2026

    A.GAIN (IDC Network) took control (75%) from Jorge Mas and Juan Forcén.

    Terms not disclosed.

    High confidenceSources: Real Zaragoza, 2Playbook

Real Zaragoza’s finances

From its published accounts and league records. Figures compare only with clubs at the tier it played that season.

Against its tier

Real Zaragoza's revenue of €17.9m is the 5th highest of the 16 Segunda División clubs with published accounts

In 2024-25 it spent €0.87 on staff for every €1 of revenue; the typical Segunda División club spent €0.79.

  • Real Zaragoza
  • Other Segunda División clubs
Revenue16 clubs
Staff per €1 of revenue16 clubs

Each club's newest recorded accounts since 2021–22, at the tier it played that season. If that year's revenue cannot be separated from player trading, the club is omitted rather than using an older year. Coverage counts comparable accounts, not every club with financial data. Revenue excludes player-sale income. Where that income is included in the published total, we subtract the statement's separately reported player-trading figure. Some statements group loan fees and other player income with sale gains; those are removed together. Otherwise loan fees remain included. These are comparisons across accounting formats, not identical revenue definitions. Real Zaragoza: Reported revenue €17.9m; player-sale gains already excluded. The scales are logarithmic.

Revenue€17.9m2024-25
Staff costs€15.7m2024-25
Net result−€49.6k2024-25
TV money from the league€6.48m2024-25
Squad cost limit
€11.3m
maximum, 2025-26
Public money
€1.13m
awarded, 2025, 2 records

The accounts

Real Zaragoza, S.A.D., the entity that fields the team · 2020-21 to 2025-26

2025-26Tier 2 · from filed accounts2024-25Tier 22023-24Tier 22021-22Tier 22020-21Tier 2
Profit and loss
Revenue—€17.9m€18.3m€15.2m€13.7m
TV money—€6.62m€7.48m€7.67m€9.52m
Matchday—€6.27m1€6.12m2€4.38m3€1.56m4
Commercial—€5.05m5€4.74m5€3.19m5€2.61m5
Subsidies—€610k€1.53m€1.39m€1.31m
Other revenue———€299k6€369k6
Player sales—€7.20m7€246k7−€71.2k8€6.17m7
Staff costs—€15.7m€13.9m€10.6m€11.0m
Wage bill—€14.3m€12.7m€9.57m9€9.92m10
Players' wages———€6.89m11—
Other operating costs—€8.96m€7.51m€6.34m€4.28m
Travel—€855k€779k€576k€619k
Player amortisation—€464k€354€209k€345k
Other depreciation—€466k€400k€109k€109k
Operating result—€1.09m−€2.48m€43.2k€4.60m
Financial result—−€1.08m€3.58m12−€701k−€656k
Result before tax—€17.2k€1.09m−€658k€3.95m
Income tax—€66.8k€281k−€165k13€981k
Net result—−€49.6k€810k−€494k€2.96m
Balance sheet
Total assets—€98.1m€94.2m€87.2m€87.9m
Non-current assets—€93.8m€89.9m€82.1m€82.2m
Player registrations (book value)—€49.4m14€46.2m15€135k16€506k17
Property and equipment—€15.6m€15.8m€13.4m€13.3m
Current assets—€4.33m€4.29m€5.12m€5.68m
Transfer fees receivable—€1.75m18€174k18€381k19€3.20m20
Cash—€467k€1.00m€2.81m€80.3k
Equity—€53.1m€41.0m€28.3m€14.2m
Share capital€49.0m21€45.0m€32.9m€21.0m€6.36m
Liabilities—€45.0m€53.2m€58.9m€73.7m
Non-current liabilities—€29.8m€47.0m€44.0m€57.0m
Current liabilities—€15.2m€6.19m€14.9m€16.7m
Provisions—€540k22€142k23€945k22€875k22
Financial debt—€8.22m24€8.30m25€8.30m26€10.9m27
Tax and social security debt—€3.18m€3.25m€8.34m28€14.3m29
Transfer fees payable—€22.8m30€21.7m31€16.5m32€14.3m33
Shareholder loans—€366k34€12.1m35€6.84m36€15.9m37
Cash flow
Cash from operations—€4.38m−€3.20m€1.14m€8.02m
Cash from investing—−€4.83m−€6.50m−€10.8k−€489k
Cash from financing—−€84.8k€9.73m€1.60m−€7.93m
Net change in cash—−€535k€30k€2.73m−€403k
Money from owners
Capital increase€4.03m38€12.1m39€5.18m39€14.6m40—
Transfers and people
Employees—11410698418641
Players—5942524252424742
Notes on 42 figures, in the accounts’ own words
  1. Matchday: Competitions €849,748, members and season tickets €5,417,376.
  2. Matchday: Competitions €905,833, members and season tickets €5,213,819.
  3. Matchday: Competitions €701,138, members and season tickets €3,678,906.
  4. Matchday: Members and season tickets; no competition income (matches behind closed doors).
  5. Commercial: Comercialización y publicidad.
  6. Other revenue: Ingresos accesorios y otros de gestión corriente.
  7. Player sales: Gain on disposal of player registrations, net of book value (deterioro y resultado por enajenaciones del inmovilizado).
  8. Player sales: Loss on disposal of player registrations, net of book value (one player, note 9).
  9. Wage bill: Sueldos, salarios y asimilados €7,726,333 and otros sueldos €1,847,776.
  10. Wage bill: Sueldos, salarios y asimilados €7,626,281 and otros sueldos €2,296,088.
  11. Players' wages: Registrable squad cost on LaLiga criteria (note 17, in thousands): wages, bonuses, severance, Social Security €343k, loans and €242k of amortisation.
  12. Financial result: Mostly €3,939,157 of financial income from third parties.
  13. Income tax: Tax income.
  14. Player registrations (book value): Inmovilizaciones intangibles deportivas (printed with cents).
  15. Player registrations (book value): Inmovilizaciones intangibles deportivas.
  16. Player registrations (book value): Derechos de adquisición de jugadores, net (note 9); intangible sports assets total €46,341,669, mostly an administrative concession.
  17. Player registrations (book value): Derechos de adquisición de jugadores, net (note 9); intangible sports assets total €46,715,788, mostly an administrative concession.
  18. Transfer fees receivable: Otras entidades deportivas, deudores (current).
  19. Transfer fees receivable: Sports entities owing: long term €185,230 and short term €195,666.
  20. Transfer fees receivable: Sports entities owing: long term €215,230 and short term €2,983,937.
  21. Share capital: Subscribed capital after the act published on 2026-02-02, not at the financial year end.
  22. Provisions: Short-term provisions.
  23. Provisions: Long-term provisions.
  24. Financial debt: Bank debt, long and short term.
  25. Financial debt: Bank debt (long term).
  26. Financial debt: Bank debt, long term: syndicated loan €7,600,000 and subordinated participating loan €699,137 (the LaLiga-CVC loan is in debts with sports entities).
  27. Financial debt: Bank debt, long €8,299,137 (syndicated and subordinated participating loans) and short €2,600,000.
  28. Tax and social security debt: Public administrations, long €2,497,187 and short €5,841,267, mostly creditors'-arrangement tax debt.
  29. Tax and social security debt: Public administrations, long €7,531,777 and short €6,804,581, mostly creditors'-arrangement tax debt.
  30. Transfer fees payable: Debts with sports entities, long term €20,363,020 and short term €2,436,226.
  31. Transfer fees payable: Debts with sports entities, long term €20,677,493 and short term €1,042,945.
  32. Transfer fees payable: Debts with sports entities, long and short term (€15,039,395 and €1,447,977), including the LaLiga-CVC participating loan (€4,480,253).
  33. Transfer fees payable: Debts with sports entities, long and short term (€13,139,778 and €1,134,128).
  34. Shareholder loans: Debts to group companies; €11.9m a year earlier.
  35. Shareholder loans: Debts to group companies.
  36. Shareholder loans: Debts to group and associated companies, long €6,709,830 (mainly loans from RZ LLC and Sport Around The World, S.L.U.) and short €130,000.
  37. Shareholder loans: Debts to group and associated companies, long €15,852,639 and short €70,000.
  38. Capital increase: Sum of the season's registered nominal increases (acts in the record note); share premium not included.
  39. Capital increase: Operaciones con socios o propietarios (capital increase); cash flow 'emisión de instrumentos de patrimonio'.
  40. Capital increase: Aumentos de capital (statement of changes in equity; capital up from €6,361,151 to €20,974,572); cash flow 'emisión de instrumentos de patrimonio' €14,613,419.
  41. Employees: Average headcount.
  42. Players: Average sports staff (plantilla deportiva).

2025-26: Source: Boletín Oficial del Registro Mercantil (BOE)2024-25: Source: Real Zaragoza2023-24: Source: Real Zaragoza2021-22: Source: Real Zaragoza2020-21: Source: Real Zaragoza

League figures, wage bills, budgets and public money 18 records
SeasonTV moneySquad cost limitSource
2025-26€11.3mmaximumSource: LaLiga (Liga Nacional de Fútbol Profesional)
2024-25€6.48mpaid€11.8mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga
2023-24€7.33mpaid€9.88mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga
2022-23€7.72mpaid€10.1mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional)
2021-22€7.62mpaid€5.71mmaximumSources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional)
Public money, season or yearTotalRecords
2025€1.13mawarded2
2024€700kcontracted1
2024€235kawarded3
2023€1.16mawarded2
2022€104kawarded1
  • 26 December 2025€1.00mawarded from DIPUTACIÓN PROVINCIAL DE ZARAGOZA: SUBVENCIÓN NOMINATIVA REAL ZARAGOZA. EJERCICIO 2025. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 19 November 2025€129kawarded from D. GRAL. DE DEPORTE: Orden de la Consejera de Educación, Cultura y Deporte por la que se convocan ayudas para entidades deportivas aragonesas de máxima categoría para la temporada deportiva 2024/2025. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 8 July 2024€6,150awarded from FUNDACIÓN EOI, F.S.P.: Ayudas dirigidas a impulsar el crecimiento de las pymes a través de la iniciativa «Activa Crecimiento», en el marco del Plan de Recuperación, Transformación y Resiliencia. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 17 May 2024€227kawarded from D. GRAL. DE DEPORTE: Orden de la Consejera de Presidencia, Interior y Cultura por la que se convocan ayu-das para entidades deportivas aragonesas de máxima categoría para la temporada deportiva 2023/2024.. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 28 February 2024€700kcontracted from Zaragoza Deporte Municipal (Ayuntamiento de Zaragoza): Renewed sponsorship contract 'por valor de 700.000 euros' for youth football, women's teams and the school for players with intellectual disabilities, with advertising in return.. Source: Ayuntamiento de Zaragoza
  • 23 February 2024€2,140awarded from FUNDACIÓN EOI, F.S.P.: Ayudas dirigidas a mejorar los niveles de ciberseguridad de las pymes a través de la iniciativa «Activa Ciberseguridad», en el marco del Plan de Recuperación, Transformación y Resiliencia. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 4 December 2023€1.00mawarded from DIPUTACIÓN PROVINCIAL DE ZARAGOZA: SUBVENCIÓN NOMINATIVA REAL ZARAGOZA. EJERCICIO 2023. Source: Base de Datos Nacional de Subvenciones (IGAE)
  • 5 June 2023€158kawarded from D. GRAL. DE DEPORTE: Orden del Consejero de Educación, Cultura y Deporte, por la que se convocan ayudas para entidades deportivas aragonesas de máxima categoría para la temporada deportiva 2022/2023.. Source: Base de Datos Nacional de Subvenciones (IGAE)

Where Real Zaragoza has played

23A.GAIN (IDC Network)16-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-273Primera Federación, Grupo 2
  2. 2025-262Segunda División, relegated
  3. 2024-252Segunda División
  4. 2023-242Segunda División
  5. 2022-232Segunda División
  6. 2021-222Segunda División
  7. 2020-212Segunda División
  8. 2019-202Segunda División
  9. 2018-192Segunda División
  10. 2017-182Segunda División
  11. 2016-172Segunda División

Not yet established

What we looked for and could not find in public sources. If you know, send a correction with a source.

  • The club's accountsNo free accounts found for 2016-17 to 2019-20, 2022-23 (seasons played in tiers 1–3). Only the latest accounts are posted; 2020-21 and 2021-22 came from a file found on LaLiga's CDN; an archived copy of /accionistas/cuentas-anuales (January 2022) could not be fetched.
Sources10

Also on Wikidata (Q10308).

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