September 5 –Bayern Munich joined became the second Europe’s giant clubs to announce revenues of slightly more than €750 million following on from Real Madrid’s posting of €757 million last week.
What is significant for Bayern is that it is the first time it has broken the €750 million mark and was achieved without a reliance on Champions League have revenue, with the club having being knocked out in the last 16 play offs.
The revenue of €750.4 million was an uplift of 14% on the previous year. Profit before tax was €75.3 million, up from €46.2 million.
With the German authorities pursuing German football for unpaid taxes in the 2006 scandal, Bayern will be in the tax office’s good books, delivering €22.8 million into state coffers.
Bayern’s deputy chairman and chief financial officer Jan-Christian Dreesen said: “[In addition to] the increases in turnover and profit, the improvement of the equity capital is very positive. The ratio rose by 9.7% to 68%. That shows how healthy and sound FC Bayern is financially. All of the club’s departments have contributed to this very gratifying result. Income from matches and TV rights has risen, and we have achieved record numbers regarding sponsorship income. In terms of merchandising, we have stabilised FC Bayern’s turnover despite the decline throughout Europe.”
Bayern CEO Karl-Heinz Rummenigge (pictured), who will hand over to another safe pair of hands, former goalkeeper Oliver Kahn, in 2021, said that the board had aid staff an extra two months salary as a bonus following the financial performance.
In April when Bayern were exiting the Champions League, he wasn’t so happy, saying: “I will put it this way: next year, we should not permit such an early [Champions League] exit as in this year. That was also a financial loss and did even bigger damage to our image — also the Bundesliga’s. That was a dent that happened. Next year, it must not happen again.”
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