Real Madrid president Florentino Perez has changed his transfer policy and the old era of signing Galacticos seems to have been forgotten. Now Madrid like to reinforce the squad with young players and renew the contracts of current stars instead of splashing out big money on new ones.
That means Madrid's wage expenditure has gone up 135 million euros in the last five years, per a report from AS. It used to be 145 million a season and now it is 280m euros, just on salaries. To that you have to add signing on fees, etc - which take the figure to around 340 million, numbers which they will present on the 23rd of September at their annual meeting.
Althought they got rid of Cristiano Ronaldo, who cost them around 50 million a year, they renewed deals like that of Luka Modric, and added new salaries, like Thibaut Courtois'.