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Uli Hoeneß says Bayern Munich benefitted from taking financial crisis seriously

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Practicing fiscal responsibility at all times has helped Bayern Munich absorb a hit during the COVID-19 pandemic.

FC Bayern Women v VfL Wolfsburg Women - Flyeralarm Frauen Bundesliga Photo by Alexander Hassenstein/Getty Images

Bayern Munich board member Uli Hoeneß knows a thing or two about monitoring a football club’s finances to ensure a team is operating in a responsible manner.

When looking at the varying states of many clubs worldwide in the wake of the COVID-19 pandemic, Hoeneß thinks that Bayern Munich did a superb job in wading through the treacherous waters of the financial crisis.

While the club posted a loss for the fiscal year, Bayern Munich’s consistent, responsible behavior lessened the impact of a lack of revenue generation over the last 15 months.

“FC Bayern is one of the few clubs to take the economic crisis seriously,” Hoeneß told Sport1. “We have decided to designate the year as a pandemic year. A year from now we will know more. Will the spectators come back, what about the sponsors? If you know all of that, you can invest again.”

Hoeneß, though, indicated that some clubs will be able to recover more quickly than Bayern Munich despite some poor financial practices.

“When you have sponsors like the country of Qatar or if you have Roman Abramovich, then you can invest freely,” Hoeneß said.