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It occurs when the government’s total revenue expenditure (money spent on daily operations, salaries, subsidies, etc.) exceeds its total revenue receipts (income from taxes and non-tax sources).

The amount of money to be allocated and deposited into the revenue-sharing accounts is stipulated in the revenue-sharing agreement. The fiduciary must notify investors of how the revenue is spent.

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Real Madrid have earned the largest ever lead at the top of football's earnings tree, according to Deloitte's annual Football Money League, after a season of record revenue in the Spanish capital.

Despite an 11 percent rise in matchday revenue, commercial remained the biggest revenue source for the 20 Money League clubs for the second year running, accounting for 44 percent of total revenue.

Despite an 11% rise in matchday revenue, commercial remained the biggest revenue source for the 20 Money League clubs for the second year running, accounting for 44% of total revenue. Broadcast ...

According to the latest Deloitte Football Money League report, Madrid made €1.046bn in the 2023-24 season, fuelled by match-day revenue doubling to €248m after the completion of renovations to ...