Annual general meeting FC Bayern: Considerable financial losses – sport

FC Bayern Munich also has to cope with significant financial losses in the corona pandemic. At the annual general meeting on Thursday evening in Munich, the soccer record champions announced total group sales of 643.9 million euros for the 2020/21 season, in which all home games had to be played as ghost games without an audience. After all, a mini profit after taxes of 1.9 million euros was achieved. For comparison: Borussia Dortmund had booked a turnover of 358.6 million euros, a loss of 72.8 million euros.

In view of the special circumstances, “sales and profits in the past financial year were good in my eyes,” said CEO Oliver Kahn. In the record financial year 2018/19, FC Bayern had made around 750 million euros. The profit amounted to 50 million euros. In the 2019/20 season, which was already influenced by Corona, income was just under 700 million euros. The previous corona loss can therefore be extrapolated to around 150 million euros.

CFO Jan-Christian Dreesen continues to see Corona as a “very great burden” for football as a whole. However, FC Bayern is “on a solid foundation” that has “now proven itself in times of crisis”. Several top clubs in Europe are plagued by huge problems. As usual, the largest expenditure item was the personnel costs including the top salaries for the footballers of almost 350 million euros. The most important income items were sponsoring and marketing (206.7 million euros) and gaming operations (147.9 million euros). The early exit in the Champions League and DFB Cup contributed to some losses. The Group’s equity remains at EUR 491.1 million.

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