Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Germany

Bayern post best financial results



Bundesliga leaders Bayern Munich on Thursday posted their best financial results in more than a century with a profit of €11.1 million for the 2011/12 fiscal year and a record turnover of 332.2 million despite two years without a trophy.

Speaking at the annual general assembly, outgoing financial boss Karl Hopfner said the club, which had set a €1.3 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."

The German record champions and four-time European Cup winners boosted their turnover by more than 40 million, up from €290.9 million for 2010/11.

The combined turnover of the company together with Allianz Arena Munich Stadium Ltd grew to €373.4 million.

Sponsoring and marketing revenues were unchanged at 82.3 million but merchandising revenues grew to 57.4 million from 43.9 million.

Core earnings, referred to by the financial acronym EBITDA, also rose to 69.3 million, up from 42.3 million the previous year.

Bayern have almost doubled their registered members within nine years from 96 440 in 2002/3 to more than 187 000 in 2011/12.

The club is still paying off its Allianz Arena stadium and is expecting an additional €30 million available once it is paid off in the coming years.

Bayern lost the Champions League final on penalties to Chelsea in their home stadium in May.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R161.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
Mitre Monde Soccer Ball - White
Voted as one of the UK's favourite match balls
R219.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Sports Talk



Neil Tovey
Baxter’s men on the ball
Kaizer Chiefs’ 15-match winning streak may have ended but they remain the team to beat in the PSL.

Chima Emmanuel Aguma
Mata can't replace Rooney
Manchester United started the first of three crucial Premier League games against West Brom (away),...

Calvin Emeka Onwuka
Rodgers must focus on the league
Many footballers arriving in the Barclays Premier League have been warned of second-season syndrome.

Sunday Oliseh
Dortmund's winning formula is killing it
I sat in Signal Iduna Park to watch Dortmund over-run Arsenal and wondered, how long will it take...

John Dykes
A Gooner or a gonner?
An International Break can do funny things to the mind. Mine, for instance was heavily engaged this...

Dr Errol Sweeney
Why can’t soccer be like rugby?
Sport is supposed to be sport; something we all do for the love of it, for recreational purposes,...