clock menu more-arrow no yes

Filed under:

Bayern Munich promises to to invest in the team after announcing record turnover, profits

New, comments

Building upon a strong financial foundation, Bayern has enjoyed another successful fiscal year.

Annual General Meeting FC Bayern Munich Photo by Tobias Hase/picture alliance via Getty Images

Bayern Munich had a very successful year, both on and off the field. While winning the Bundesliga and the DFB-Pokal again, extending record streaks for both, Bayern was also very successful financially, despite exiting the Champions League early. FC Bayern AG’s turnover rose 14.1 percent, increasing by more than €90 million from €654.7 million last year to a new all-time high of €750.4 million.

For the 27th consecutive year, the club turned a profit. Profit before tax stood at €75.3 million, and the club’s annual surplus rose 78 percent to €52.5 million, both the highest in the club’s almost 120-year history.

This financial success allows FC Bayern to focus on its main objective: the success of the first team. The deputy chairman of FC Bayern AG, Jan-Christian Dreesen, spoke about this at the annual meeting. He said,

FC Bayern rests on very solid foundations, which allows us to make the necessary investment in our first-team squad despite the increasingly difficult transfer situation.

In the competition for top talents, we think we remain competitive among the professional footballing elite in Europe thanks to the increase in our financial power. All our commercial endeavors continue to serve this objective,

The board was also able to raise dividends by fifty cents per share, which could also attract further investors.

Although the profits are impressive, Dreesen reiterated that the goal is “not maximum profit, but maximum sporting success.” Bayern will continue to spend money in order to remain competitive in Europe.

Bayern Munich eV, the parent organization of the soccer team, is also financially healthy. Bayern’s academy, veterans teams, basketball team, and other sports teams saw a lot of success this fiscal year, on and off the field. The FC Bayern Campus (the clubhouse, the pitch, and the academy) is almost entirely paid off. By next year, the academy should be running financially independent.

If you are interested in more details of FC Bayern’s financials, visit the club website to see specifics.