Bayern turnover tops 640 million euros despite COVID-19 impact

Bayern Munich’s turnover for the fiscal 12 months 2020-21 was simply over 640 million euros ($717 million), a pointy lower from the pre-COVID-19 ranges of greater than 750 million euros, the membership mentioned on Thursday.

German Bundesliga champions for the final 9 seasons, Bayern received six main titles in 2020, and though the COVID-19 pandemic affected their funds from March 2020, the annual turnover was 643.9 million euros, with EBITDA at 98.4 million.

Bayern’s turnover for 2018-19, the final fiscal 12 months to not have been affected by the pandemic, had topped 750 million euros.

Bayern president Herbert Hainer advised the membership’s annual normal assembly the champions had been in sturdy monetary form.

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

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

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“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 needed to let membership nice Lionel Messi go away as a consequence of “financial and structural obstacles” have a debt of greater than 1.35 billion euros.

Italian membership Juventus posted a lack of greater 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 mentioned.

“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 is main this season’s Bundesliga title race and has certified for the Champions League knockout phases.

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