Bayern Munich Announce Record Financial Results
November 14, 2013
Champions League winners Bayern Munich have announced record figures for the 2012-13 season, medstore a year that saw the German club secure a famous treble.
Having won the Bundesliga and DFB-Pokal on top of the Champions League, online Munich announced at their annual general meeting that turnover increased to €432.8m ($581.4m) from €373.4m ($501.6m) in 2011-12.
The figures are produced from the accounts of FC Bayern Munchen AG and the Allianz Arena Munchen Stadion operation, with the former making up €393.9m ($529.1m) of the total.
Emotional
During the meeting, Bayern President Uli Hoeness, who faces trial for tax evasion, broke down in tears as the results were the best the Bundesliga club has posted in 113 years.
The club also saw an increase in sponsorship and marketing revenues, which rose from €82m ($110.1m) to €102m ($137m).
Merchandise for the treble winners increased to €82.8m ($111.2m) from €57.4m ($77.1m) and profit after tax increased by 30%, up to €14m ($18.8m).
Bayern finance director Jan-Christian Dreesen said: “We have solid financial foundations. Revenues from footballing operations, our sponsorship and merchandising divisions make an important and not inconsiderable contribution to our great commercial success.
“Thanks to the operating principles sustained over the course of decades, FC Bayern has established an outstanding financial base, allowing us to look to the future with confidence.”
Speaking about his trial, Hoeness said: “I have every faith in the Bavarian justice system.
“I hope this story has a good ending in March. If I am then still allowed to be here then I promise you I will serve this club until the day I stop breathing.”
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