Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Bayern posts a profit once again
Reuters, November 18th, 2011 5:27PM

MOST READ

MOST COMMENTED

Bayern Munich posted a $1.8 million profit for the 2010/2011 season despite failing to win any trophies and a tough financial climate. The amount compared to a $3.9 million profit the previous season.

“Bayern is financially well positioned for the future,” said board director Karl Hopfner. "Despite a difficult starting position -- I remind you that we had no notable sporting success last season and faced an ongoing financial and euro crisis -- we again recorded a profit. We have also more than met UEFA’s financial fair play criteria.”

The German record champions posted a turnover of $393 million euros compared to $420 million in 2009/2010 with sponsoring and marketing revenues almost unchanged at $111 million. Merchandise revenues grew to $59 million, up from $53 million last season.

The club is still paying for the construction of it Allianz Arena stadium that club officials expecting to have an additional $40 million available once it is paid off in less than 10 years.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Johnson Steps Down as Fox's Lead Soccer Broadcaster     
In an interview with Sports Illustrated, Gus Johnson reveals that he will no longer be Fox's ...
Barca Names Training Field After Vilanova     
Barcelona on Tuesday announced that a field at the club's training ground would be named after ...
Bayern Injury Crisis Ahead of City Visit     
Bayern Munich is struggling with injury concerns ahead of its UEFA Champions League home opener against ...
Mourinho: Third UCL Title Not an Obsession    
Jose Mourinho insists that winning the UEFA Champions League again is not an obsession. The Portuguese, ...
Fulham Failing in the Second Division    
Just six games into the English League Championship season, and Fulham, the former club of USA ...
Cavs weather storm to down VCU    
No. 5 Virginia won its fourth straight game against VCU, but thanks to Penn transfer Sam ...
Ferdinand: Moyes' Tactics 'Embarrassing'    
Former Manchester United defender Rio Ferdinand launched a scathing attack on former coach David Moyes in ...
Critic Apologizes to Saints Fans     
Southampton, many critics' pick to be relegated this season after selling so many players during the ...
Inter Crushes Sassuolo, 7-0, Again    
Inter Milan made up for its disappointing 0-0 draw away to Torino on the opening day ...
Simeone Hails Atleti 'Strength'    
Atletico Madrid coach Diego Simeone hailed his team's "strength" as the defending La Liga champ beat ...
>> Section 2 Around the Net Archives