FC Bayern suffered a decline in sales in the 2020/21 financial year. The club announced it Thursday night.
FC Bayern has published its figures for the past financial year. imago images / Ulrich Wagner
As evidenced by a press release from the record champions on the evening of the annual general meeting, the Group’s total turnover during the past financial year amounted to 643.9 million euros. Profit after tax is 1.9 million euros. During the 2019/20 financial year, sales amounted to 698 million euros and the result after tax to 9.8 million euros.
The association cites the challenges posed by the corona pandemic as the reason for the losses. This would apply “in particular to FC Bayern”, CEO Oliver Kahn quoted in the message. “Since March 8, 2020, we have had very few matches with spectators at the Allianz Arena. Despite these circumstances, sales and profits for the past year have been good in my opinion.”
Kahn’s financial assistant Jan-Christian Dreesen spoke of a “very big burden” from the pandemic. “Playing all season without spectators means not only an emotional hole but also a very painful drop in sales.” Nevertheless, the club is “on solid foundations”.
The club also expect a drop in sales levels for the current 2021/22 season.