Bayern Munich getting even richer with record turnover, profit
Bayern Munich has broken its own financial records for revenue again. The Bundesliga powerhouse announced at its AGM on Friday turnover of 640.5 million euros ($759 million) and operating profit of 149.1 million euros ($177 million) for the 2016-17 season.
- Sports
- DPA
- Published Date: 12:00 | 24 November 2017
- Modified Date: 06:58 | 24 November 2017
Bundesliga champions Bayern Munich recorded record turnover of 640.5 million euros (758.3 million dollars) and after-tax profit of 39.2 million dollars in the 2016-17 season, allowing them to continue investing big into their star-studded squad.
Bayern said in a statement ahead of Friday night's annual assembly that their operating profit had reached 150 million euros and that the after-tax profit had risen by 18.6 per cent compared to the past season.
"The outstanding profit situation and the associated increase in financial power allows FC Bayern to make the investment in our first-team squad necessary to ensure we remain competitive among the professional footballing elite in Europe," deputy chairman Jan-Christian Dreesen said.
"Our commercial endeavours primarily serve the single objective of maximising our sporting success."
Bayern are Germany's most successful and wealthiest club. They lead the Bundesliga by six points and have reached the knock-out stages of the Champions League which they last won in 2013.
New players are desired though, especially a back-up for striker star Robert Lewandowski. Club officials in summer did not rule out future big investments in the region of 100 million euros, but likely not for one player alone.