FC Bayern Munich is on the brink of becoming a financial powerhouse in European football following the reveal that the 2018/19 season saw the club raise profits by 63%.
As a result, the Bundesliga champions see its profit figures eclipse that of both Real Madrid and FC Barcelona, with Die Roten also announcing that its annual revenue has also increased by over 14% on the previous 2017/18 season.
Jan-Christian Dreesen, Bayern’s deputy chairman, comment on the clubs successful financial year stating: “As well as the increases in turnover and profit, the improvement of the equity capital is very positive. The ratio rose by 9.7 per cent to 68 per cent. That shows how healthy and sound FC Bayern is financially. All of the club’s departments have contributed to this very gratifying result. Income from matches and TV rights has risen, and we have achieved record numbers regarding sponsorship income.
In terms of merchandising, we have stabilised FC Bayern’s turnover despite the decline throughout Europe. I would like to thank CEO Karl-Heinz Rummenigge, my fellow board members Andreas Jung and Jörg Wacker, and the entire Supervisory Board for this extraordinary achievement and the good and trustful cooperation. Moreover, I would like to thank all our staff for their great commitment. This result would not have been possible without them.”
As well as enjoying success off the field, the Bavarian club enjoyed huge amounts of on-field success as they clinched the 18/19 Bundesliga title as well as the DFB Pokal for the first time in three seasons.
In a statement released by the club, Karl Heinz-Rummenigge, club CEO, expressed his satisfaction, commenting on Bayern’s overall successful campaign: “Of course we are extremely pleased with FC Bayern’s financial development. Both the turnover and the profit rose to new records. FC Bayern’s development is outstanding, both in a sporting and financial sense.”
The financial announcement follows shortly after the reveal that Bayern legend and former goalkeeper Oliver Kahn will take over the reigns as club CEO following Rummenigge’s contract expiry on 31 December 2021.
Bayern will be hoping to repeat last year’s on-field success and currently sit in second place in the Bundesliga following an undefeated start to the season.
The defending champions will be in action again following the international break when they travel to current league leaders RB Leipzig on 14 September.