Saturday, November 27, 2021
Home Sports Soccer-Bayern Turnover Tops 640 Million Euros Despite COVID-19 Impact

Soccer-Bayern Turnover Tops 640 Million Euros Despite COVID-19 Impact

MUNICH, Germany: Bayern Munich’s turnover for the fiscal year 2020-21 was just over 640 million euros ($717 million), a sharp decrease from the pre-COVID-19 levels of more than 750 million euros, the club said on Thursday.

German Bundesliga champions for the last nine seasons, Bayern won six major titles in 2020 and although the COVID-19 pandemic affected their finances from March, 2020, the annual turnover was 643.9 million euros, with EBITDA at 98.4 million.

Bayern’s turnover for 2018-19, the last fiscal year not to have been affected by the pandemic, had topped 750 million euros.

Bayern president Herbert Hainer told the club’s annual general meeting the champions were in strong financial shape.

“We have no cent of debt, we own the Allianz Arena and the Bayern campus (training centre),” Hainer told the meeting.

“We are independent, going our own way, with our own strength. We are not being swept by this craziness out there,” he said.

“Look at what happens at some other clubs. Barcelona have over 1.3 bln euros in debt. Juventus also recently published shocking financial figures.”

Barcelona, who had to let club great Lionel Messi leave due to “financial and structural obstacles” have a debt of more than 1.35 billion euros.

Italian club Juventus posted a loss of more than 200 million for 2020-21.

“Bayern on the other hand are internationally competitive. We set standards and you, the members, can be proud of that,” Hainer said.

“I am certain that the pandemic with all the damages it causes can also offer chances. If we still stick to our values we will come out of it as winners.”

Bayern are leading this season’s Bundesliga title race and have qualified for the Champions League knockout stages.

($1 = 0.8924 euros)

Read all the Latest News, Breaking News and Coronavirus News here. Follow us on Facebook, Twitter and Telegram.

Source link


Krunal Pandya Quits Baroda Captaincy | Cricket News

Krunal Pandya quits Baroda captaincy© BCCI/TwitterMumbai Indians and India all-rounder Krunal Pandya has stepped down as Baroda captain following the team's underwhelming campaign...

‘There’s no stopping Axar Patel’: Fans in awe of left-arm spinner after he picks his fifth five-for

Axar Patel picked his fifth five-wicket haul in just four Test matches in Day 3 of the first India vs New Zealand Test...

WTA still ‘deeply concerned’ over tennis star Peng Shuai | Tennis News – Times of India

PARIS: The head of the Women's Tennis Association (WTA) "remains deeply concerned" about Chinese star Peng Shuai, following her accusations of sexual assault...


Please enter your comment!
Please enter your name here

- Advertisment -stock market course

Most Popular

Virat Kohli flaunts killer core workout ahead of 2nd Test against New Zealand

Ahead of 2nd Test against New Zealand in Mumbai's Wankhede Stadium, Virat Kohli drops an inspiring fitness video from the gym where he...

cbi: J&K: CBI arrests cop for accepting bribe | India News – Times of India

NEW DELHI: Central Bureau of Investigation (CBI) arrested an Assistant Sub Inspector with Jammu and Kashmir Police on Friday for accepting a bribe...

samsung: Samsung starts production of Galaxy A13 in India at the Noida factory: Report – Times of India

Samsung is all set to release the Galaxy A13 either this year or in early 2022 in two variants - Galaxy A13...

Towering musical theatre master Stephen Sondheim dies at 91 – Times of India

NEW YORK: Stephen Sondheim, the songwriter who reshaped the American musical theatre in the second half of the 20th century with his intelligent,...

Recent Comments

%d bloggers like this: