Annual financial statement 2019/20 season
Fri, 18/12/20, 14:03
Coronavirus-related downturns in both revenue and profit
In the 2019/2020 season, FC Bayern München suffered coronavirus-related downturns in both revenue and profit compared to the previous year. As is well known, since March 2020, all matches in the Allianz Arena have been played behind closed doors, which resulted in a shortfall in planned income during the final third of the season. In view of this, the results can actually be viewed in a positive way.
The total turnover of the group amounted to €698.0 million in the 2019/2020 season, and an operating profit was also generated. This amounted to €17.0 million before tax (EBT) and €9.8 million after tax.
CEO Karl-Heinz Rummenigge: "The coronavirus pandemic placed great strain on the whole of football in the 2019/20 season and, of course, FC Bayern was also affected. For example, we have had no spectators in the Allianz Arena since 08 March. Against this backdrop, both the revenue generated and the fact we were able to end the past season with a profit are positive. That was due not least to the outstanding successes achieved by our team. In addition to the bare figures, however, it is equally important to FC Bayern that we were able to focus on many social initiatives in this crisis. I would like to thank my colleagues on the executive board Jan-Christian Dreesen, Andreas Jung, Oliver Kahn, Hasan Salihamidžić and Jörg Wacker, as well as the entire supervisory board, led by chairman Herbert Hainer for their good and trusting cooperation, especially in this difficult year."
„"In view of the difficult prevailing circumstances, the result is certainly one with which FC Bayern can be satisfied in these times."”
Executive vice-chairman Jan-Christian Dreesen: "In view of the difficult prevailing circumstances, the result is certainly one with which FC Bayern can be satisfied in these times. Of course, the exclusion of spectators since March has had a considerable impact on the income from match operations. This makes it all the more gratifying to report a profit, which is also an expression of the principle we have lived by for decades, namely, not to spend more than we earn. The club stands on a solid foundation that has been steadily strengthened over the past years and is now proving its worth in times of crisis. The effects of the coronavirus pandemic, however, are rather a huge challenge in the current season, and so we are assuming a considerable downturn in revenue for the 2020/2021 season, even in triple-digit millions, should we have to play matches behind closed doors for a long time. Of course, this will also be reflected in the operating profit. We are working with all our might to steer FC Bayern solidly through the crisis. I would like to thank my colleagues on the board as well as the entire supervisory board for their helpful and trusting cooperation, especially in this challenging year, as well as all our employees for their great commitment."