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Annual General Meeting

Profitable FCB unveil record turnover

The 2007-8 campaign was outstanding on the field of play for double-winning Bayern, and the equivalent fiscal year also ended on an exceptionally positive note for Germany’s biggest and most successful football club.

Despite a season spent contesting the UEFA Cup rather than the more lucrative Champions League, the Munich club achieved record turnover in the reporting year from 1 July 2007 to 30 June 2008, and made “a satisfactory profit,” Finance Director Karl Hopfner told 1,695 club members gathered at the Paulaner Nockherberg for Friday evening’s Annual General Meeting.

FC Bayern München AG made an operating profit (Ebitda) of €42.0 million (2006-7: €53.5m) on turnover of €286.8 million, up a hugely impressive 27 percent on last year’s previous record of €225.8 million, generating profit after tax of €2.1 million (2006-7: 18.9m), a figure reduced this year by a one-off €7 million write-down from the incorporation of Allianz Arena München Stadion GmbH into the group. FC Bayern München AG boasts equity capital totalling €176.0 million (2006-7: €175.9m).

“We have operated at a profit for the last 16 years. Last year was a major battle, but we’ve once again generated a profit,“ commented chairman Karl-Heinz Rummenigge. The club was able to compensate for the revenues lost by not competing in the Champions League, partly due to lucrative TV rights sales for the early rounds of the UEFA Cup. “We can be more than proud of these results,” Hopfner said.