Some would call Bayern president Uli Hoeness tight, some frugal, while others would label him as highly fiscally responsible. Whatever term you choose, it cannot be denied that the financial model employed at Germany’s biggest club is working.
Despite an early exit from last season’s Champions League the Bavarian giants announced record profits and record turnover for the 2018/19 season. Despite competing on European level with clubs owned by Russian/ Saudi billionaires, Bayern continue to manage their finances fantastically well and the latest figures confirm them as Germany’s richest club by some margin.
Official figures released this week show their total turnover last season increased by an impressive 14.1% from €657.4 million in 2017-2018 to €750.4 million. Bayern’s total profit after tax jumped even more dramatically.
Die Roten earned €46.2 million gross and €29.5 million net in the 2017-2018 season, but last season, gross profit rose 63% to €75.3 million and net profit rose 78% to a staggering €52.5 million. Bayern’s equity capital now stands at a whopping €497.4 million.
“Of course we are extremely pleased with FC Bayern’s financial development” CEO Karl-Heinz Rummenigge announced on Wednesday. “Both the turnover and the profit rose to new records. FC Bayern’s development is outstanding, both in a sporting and financial sense.”
Bayern’s deputy chairman and chief financial officer Jan-Christian Dreesen also spoke of the club’s finances in glowing terms. “[In addition to] the increases in turnover and profit, the improvement of the equity capital is very positive. The ratio rose by 9.7% to 68%. That shows how healthy and sound FC Bayern is financially. All of the club’s departments have contributed to this very gratifying result.
“Income from matches and TV rights has risen, and we have achieved record numbers regarding sponsorship income. In terms of merchandising, we have stabilised FC Bayern’s turnover despite the decline throughout Europe.”
Bayern smashed their transfer record to sign Lucas Hernandez from Atletico Madrid in the summer and were looking to pay €100 million for Leroy Sane as well. These figures just show that should the club wish to shell out another record transfer fee, they have the money in the bank to do so.
Bayern are clearly the money bags of the Bundesliga, but love them or hate them, you do have to take your hat off to the superb financial management that allows them to keep within touching distance of the likes of Paris St.Germain and Manchester City- in football terms at least.
The club already have a shopping list drawn up for next season with the likes of Leroy Sane, Kai Havertz, Alexander Nübel and Timo Werner all potential targets. Money will clearly be no object for the Bavarians- even if Havertz costs more than €100 million.
Should Bayern suffer another early Champions League exit, or Borussia Dortmund usurp them as Bundesliga champions, they could at least fall back on a successful financial foundation to finance their reaction.
Money clearly talks.
Latest posts by Mathew Burt (see all)
- The Deep Dig- The redemption of Amine Harit - September 21, 2019
- Five Questions Ahead of Bundesliga Matchday 5 - September 20, 2019
- What’s behind the latest Uli Hoeness/ Karl-Heinz Rummenigge rants? - September 19, 2019