December 23 – German giants Bayern Munich – who will go for the treble of national, European and World titles in the same season at the delayed Club World Cup next February – have released financial results for the 2019/20 season showing a revenue drop €52 million.
Total revenue stood at €698 million at the end of the year, down from €750.4 million for the 2018/19 period.
Operating profit after tax was down to €9.8 million compared with €52.5 million in 2018/19.
The club said that considering the challenges of the coronavirus pandemic revenues could be viewed positively. Certainly they were boosted by the Champions League win.
“The coronavirus pandemic placed great strain on the whole of football in the 2019/20,” said chief executive Karl-Heinz Rummenigge.
“For example, we have had no spectators in the Allianz Arena since 8th March. Against this backdrop, both the revenue generated and the fact we were able to end the past season with a profit are positive.”
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