Bayern Munich net US$748m record turnover
German soccer giants Bayern Munich have announced a record revenue for the 2017/18 financial year.
The figure combines both the club’s Bayern Munich AG stock company and the Bayern Munich Group, which includes all of its subsidiaries.
The Bundesliga outfit recorded a total revenue of €657.4 million (US$747.9 million), with €624.3 million (US$710.3 million) coming through the club’s Bayern Munich AG company. After taxes, the German champions net income totalled €29.5 million (US$33.6 million).
The figures mark a further increase on the 2016/17 set of figures, when the club’s revenue reached a then-record of €640.5 million (US$728.8 million).
Since Bayern Munich became a joint-stock company in 2002, the German club has seen a 355 per cent increase in its revenues – from €176 million (US$200.3 million) to €624 million (US$710 million).
Bayern Munich Chairman Karl-Heinz Rummenigge said: “As well as the sporting success of last season where we won the Bundesliga and reached the latter stages of the Champions League, these results are the evidence that FC Bayern also had a good year on the financial front.”
On the field, Bayern Munich – now managed by the club’s former midfielder Niko Kovac, have endured a tough start to the season, with the Bavarian outfit sitting fifth in the Bundesliga. Kovac is said to be under pressure in his new role, with Bayern having won the domestic title every year since Borussia Dortmund won the trophy in the 2011/12 season.
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