Bayern post record financial results
Munich - Quadruple-winners and current Bundesliga leaders FC Bayern München are not only in good health on the pitch, they are also in astonishing financial shape too.
Jaw-dropping figures
At the club's Annual General Meeting in the Bavarian captial on Wednesday evening, chairman of the board Karl-Heinz Rummenigge announced a record 432.8 million Euro turnover for the 2012/13 business year.
Post-tax profits stood at 14m Euro, bolstering the club's coffers to a hearty 135m Euro. "It was an unbelieveable year," Rummenigge said. "It's the best and most impressive period we've had in the club's 113-year history."
Turnover and profit increased by 59.4m Euro and 12.7m Euro respectively compared to the previous year, and Bayern have 286.8m Euro of equity. With almost 224,000 members, the Bavarians are the second most followed club in the world, beaten only by Portuguese outfit Benfica, who have 235,000 members. Bundesliga rivals Borussia Dortmund also outstripped Bayern in one aspect too - the Schwarz-Gelben earned post-tax profits of 53.3m Euro in the financial year to 30 June 2013.
Success at a cost
Bayern earned 150m Euro from ticket sales at the Allianz Arena, which was almost constantly sold out, and received 102.4m Euro from sponsorship and marketing deals, whilst raking in 82.8m Euro from merchandising. That generated a huge 131.9m Euro tax bill in 2012/13, 20m Euro more than the previous year.
Personnel costs increased once more though: 202.8m Euro was spent on playing staff and approximately 500 employees, compared to an outlay of 165.6m Euro last year.
