Created on 30-11-2010 at 00:00 AM
The 2009-10 season was a runaway success on the field of play as Bayern claimed the double and reached the Champions League final, and the equivalent fiscal year was equally spectacular for the Munich giants. In the reporting year from 1 July 2009 to 30 June 2010, Germany’s biggest football club cracked the €300 million turnover barrier for the first time, while operating at a profit for the 18th successive year.
“Our sporting success has ensured we’ve yet again made a profit. FC Bayern is ideally placed to face the future with equity capital at 65.1 percent, or €206.4 million. It means our club is and remains financially independent and unaffected by market fluctuations,” finance director Karl Hopfner told the 2,807 club members gathered at the Olympic Hall in Munich for Tuesday evening’s Annual General Meeting. Coach Louis van Gaal and club captains Mark van Bommel, Philipp Lahm and Bastian Schweinsteiger were also present, seated in the front row. Uli Hoeneß, elected President by the AGM last year and chairing the meeting for the first time, described the financial results as “fabulous!”
FC Bayern München AG posted turnover of €312.0 million, up by almost 16 percent on 2008-9 (€268.7 million). Profit after tax rose some 20 percent to €2.9 million (2008-9: €2.5 million). Operating profit (Ebitda) rose to €61.2 million (2008-9: €45.0 million). FC Bayern München AG boasts equity capital totalling €206.4 million (€2008-9: 177.5 million).