1. FC Köln published the figures for the 21/22 financial year on Tuesday evening. The club is currently in debt of almost 66 million euros.
Of the 1. FC Cologne closed the 2021/22 financial year with a loss of EUR 15.7 million after taxes, according to preliminary results. In addition, there is almost a million minus for the eV Even if the numbers were heavily influenced by the pandemic, the managing director found Philip Türoff clear words at the general meeting on Tuesday.
“It remains a financial restructuring case,” said Türoff, who has been in office since January 1st. The level of debt is 65.9 million euros. In view of participation certificates and the like, one has to reckon with obligations of around 80 million, said Türoff. It will be a “long road to economic recovery”.
Türoff’s colleague Christian Keller, who is primarily responsible for sports, explained that the club had been “structurally in deficit for years. And that even before Corona. That means it always needed special income, usually transfers. But you have to set up a club in such a way that transfers enable growth. Not that transfers close gaps.”
In the previous year, FC reported a loss of 3.9 million euros. Sales increased slightly from 140.6 to 148.5 million euros. A total of 85 million sales were lost due to the pandemic, the managing director explained. However, the “remarkable sporting development” could help “put FC more quickly on a stable foundation”. Qualifying for the group stage of the Conference League brings additional income of around ten million euros.
“We have received the license for the current season without any conditions and we are closing the financial year with small but positive equity,” said Türoff. In the GmbH & Co. KGaA, this amounts to only 3.2 million euros. In the previous year it was still 16.9 million euros. However, the liquidity is secured in the short and medium term, assured Türoff.
