Created on 15-11-2012 at 00:00 AM
From a footballing point of view, the 2011/12 season was little short of agonising for Bayern, with runners-up finishes in the Bundesliga and DFB Cup, and an extraordinarily unlucky defeat in the Champions League final on home soil. In the circumstances, following another season without silverware, the financial results presented to club members at the AGM on Thursday evening are little short of astonishing.
Despite the parlous global financial situation and the Euro crisis, FC Bayern posted its second-best results ever in November last year, but the 2011/12 fiscal year has topped that with a dramatic increase in turnover. Both the FC Bayern group and the professional football operation, the joint stock company FC Bayern München AG, reported record results, meaning the club is in the black for the 20th year in a row.
“In the last financial year, our company achieved record turnover of €373.4 million,” Karl Hopfner informed the approximately 4,000 members gathered at the AUDI Dome on Thursday evening. Hopfner, who is stepping down from his position as deputy chairman at the end of the calendar year, was announcing the results at the AGM for the last time, crowning the occasion with a string of unprecedented records. “I believe the FC Bayern membership can be very proud of their club,” he declared.
FC Bayern München AG group (consolidated accounts for FC Bayern München AG and Allianz Arena München Stadion GmbH) posted turnover of €373.4 million, significantly up compared to the previous year (€328.5 million) and comfortably “the biggest turnover we have ever reported,” said Hopfner. The operating profit (Ebitda) was €86.0 million, also considerably greater than last year (2010-11: €62.3 million), as was the profit after tax at €11.1 million (2010-11: €1.3 million).
FC Bayern München AG, the joint stock company responsible for the club’s professional football operations, achieved similar results. Turnover was up just short of 14 percent at €332.2 million (2010-11: €290.9 million). The profit after tax was the same as for the group at €11.1 million (2010-11: €1.3 million). “This means we can pay a record dividend to our shareholders of €5.5 million,” Hopfner announced.
Operating profit (Ebitda) was €69.3 million (2010-11: €42.3 million). FC Bayern München AG boasts equity capital totalling €278.3 million (2010-11: €268.3 million), “almost certainly a unique sum in world football,” commented Hopfner in the light of a capital ratio of 77.5 percent.
“All’s very well indeed with the world of FC Bayern at the moment. The club is in rude good health,” chairman Karl-Heinz Rummenigge said earlier in the week prior to the announcement of the outstanding financial results. “Nowadays, FC Bayern boasts solid financial foundations like never before in the 112-year history of the club,” added Hopfner.
FC Bayern München e.V., the members’ club and ultimate parent of the professional football company, is also in an extremely strong position, as senior vice-president Dr. Fritz Scherer reported. The club, which owns 81.8 percent of the joint stock AG, made a surplus of €1.6 million (2010/11: €900,000), and has amassed accumulated reserves of €54.23 million (2010/11: €52.5 million). “Commercially speaking, we are absoluely healthy and capable. We can be extremely satisfied,” commented Scherer.
Club president Uli Hoeneß also announced further new records, as club membership has risen to 187,865 (up from 171,445 last year) with a total of 3,202 officially affiliated fan clubs (2010-11: 2,950) boasting 231,197 members (2010-11: 204,322). “These are unbelievable numbers, and we’re very proud of them,” the president said.