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Bayern Munich announce record profit for 2014-15 season

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It's good to be the king.

Alexander Hassenstein/Getty Images

Bayern Munich held their Annual General Meeting on Friday and announced a record profit after tax of €23.8 million for the 2014-15 season. The club's turnover was €523.7 million which was just €5 million short of the record €528.7 million following the 2013-14 season in which Bayern played in the UEFA Supercup and FIFA Club World Cup.

The club hit an operating profit of €111.3 million, crossing the €100 million mark for the first time in club history.

The Rekordmeister are now in the black for the 23rd consecutive year. Also, with the Allianz being fully owned by FC Bayern, the club has zero outstanding debt in their way.

"FC Bayern München is in outstanding shape both in sporting and financial terms," FC Bayern deputy chairman and finance director Jan-Christian Dreesen said. "Our increasing financial power will be used primarily to make the regular investments required in our first-team squad in order to ensure we remain competitive among the elite teams in Europe."

Bayern's match income from the Bundesliga, Champions League, DFB Pokal, and friendlies was €137.6 million. Add to that €113.9 million from sponsorship and marketing, €101.7 million from merchandising, and domestic TV and radio brought in €58.3 million.

Other AGM Tidbits

Franz Beckenbauer

While he's a bit wrapped up in the DFB-FIFA scandal, Bayern are standing behind their honorary president 100%. "Beckenbauer is rightly our honorary president - and so will it stay. We owe a lot to him," Karl Hopfner said.

"We should never forget that we would not have gotten the 2006 World Cup without him and the Allianz Arena from 2005, with all the resultant economic and infrastructural improvements."

Youth Center

The new youth center for the football clubs began construction a few weeks ago. The €70 million project is estimate to take over two years to complete. The new center is expected to hold eight football fields, a restaurant, a club shop, and the main academy.

Bayern Basketball

Bayern have turned their basketball team into a German powerhouse in just a couple of seasons. Hopfner also revealed that 15 players from the club's 18 youth teams. However, in the most important news, the basketball branch of Bayern Munich is self-sustainable, making a profit last year of €26,000.

Membership

FC Bayern remains the largest sports club in the world with 270,329 members. This is a drastic increase from 2005-06 when Bayern had 121,119 members. There are also a total of 4,030 fan clubs around the world with 314,919 members.