Bundesliga leader Bayern Munich on Thursday posted the club’s best financial results in 112 years, announcing a profit of $14.2 million for the 2011-12 fiscal year and record revenues of $332.2 million.
Speaking at the club’s annual general assembly, CFO Karl Hopfner said the club, which posted a $1.6 million profit in 2010-11, had never been in better financial shape.
"I think the members of Bayern Munich can be proud of their club today," Hopfner said. "Bayern Munich has never been in such a financial position in its 112-year-history." Interestingly, Bayern achieved its best-ever financial result in a year when it didn’t win any major trophies. It finished second in three competitions: the Bundesliga, the German Cup and the UEFA Champions League.