These numbers are scary!
It was known that VfB has incurred considerable financial losses due to the Corona crisis and two relegations within the last five years. But is everyone aware of how dramatic the economic situation really is?
Stuttgart CEO Thomas Hitzlsperger (39) warned a few days ago that the return of the ghost games “exacerbated our economic situation existentially”.
Photo: Tom Weller / dpa
“data-zoom-src =” https://bilder.bild.de/fotos/praesident-claus-vogt-versprach-bei-seiner-wahl-im-dezember-2019-ein-mittelstands-buendnis-fuer-den- vfb-09dd7bf25ce84dd3b3436f28a187aedf-78464894 / image / 2.image.jpg “/> When he was elected in December 2019, President Claus Vogt promised to win a medium-sized alliance for VfB. Nothing has happened so far. Photo: Tom Weller / dpa
It is about 60 million euros in loss, loans of 49.5 million euros and an infrastructure deficit of 50 million euros.
Coal alarm at VfB!
► Corona losses
The loss of sales since the beginning of the pandemic is 80 million euros. After deducting the savings (e.g. reduced stadium lease and lower personnel costs through short-time work, wages for professionals, less security service, etc.), the club has made a little more than 60 million euros lousy. The lack of ticketing revenue makes up the bulk of the red numbers. Every home game without fans, VfB loses – depending on the opponent – between 1 million euros (e.g. Bielefeld) and 2.5 million euros (Bayern). In addition, there is reduced income from sponsors, but also the end of years of advertising partnerships. The severance payments that VfB had to pay to its former board members Jochen Röttgermann and Stefan Heim as well as to managing director Oliver Schraft add up to a whopping 5 million euros. Your dismissals in the wake of the data affair did not hold up in court. A sum in the seven-digit range went to the law firm Esecon.
► KfW-Kredit
In February 2021, KfW approved Stuttgart’s loan application for EUR 25 million. VfB made full use of this loan. The loan must be repaid within the next five years – plus interest.
► Stadium renovation
For the EM 2024, the arena will be rebuilt for 70 million euros. VfB has to assume 24.5 million of these costs. Due to the tight situation of the first division club, the city of Stuttgart steps in, it extends the club’s own share as a loan. This must be repaid within eight years from 2024. So far, VfB has been looking in vain for a stadium investor. Two and a half years ago, when Wolfgang Dietrich was still president, a strategic partner for the arena renovation was about to sign.
Photo: BILD TV
“data-zoom-src =” https://bilder.bild.de/fotos/sport-direktor-sven-mislintat-der-per-video-zugeschaltet-war-warnte-bei-bild-live–und-quot -a-second-137b420f357f4e12b54eb5418dbb7684-78464930 / image / 2.image.jpg “/> Sports director Sven Mislintat, who was connected via video, warned on BILD Live: “A second investor after Daimler is essential.”Photo: BILD TV
► Infrastructure deficit
Urgent infrastructure measures on the club premises are estimated at EUR 50 million internally. The office – a functional building from the 1980s – has to be completely modernized or rebuilt. There have already been talks with the Fellbach real estate company “Wohninvest” about a new building. The training options also need to be expanded and modernized. A two-story container village has served as a weight room for professionals for years. Youth teams have to switch to public spaces again and again because the club has too few lawns available.
Photo: Press photo Rudel
“data-zoom-src =” https://bilder.bild.de/fotos/die-vfb-geschaeftsstelle–ein-80er-jahre- Zweckbau–muss-dringend-modernisiert- wird–b15f9bcf44c043e1b3601aa475c93659-78464984/Bild /2.bild.jpg “/> The VfB office – a functional building from the 1980s – urgently needs to be modernized.Photo: Press photo Rudel
