Sports

Bayern Munich’s finances remain on solid footing

In a recent interview with Frankfurter Allgemeine Zeitung, Executive vice-chairman Jan-Christian Jeeson discussed the state of Bayern Munich’s finances in the current circumstances. While the club has seen a drop in revenue like every other club, he is satisfied with the financial performance in the current year, and, once again, the club turned a profit.

Over-all turnover dropped by about fifty million euros from 750 million to 698 million, which was in line with everyone’s expectations. The bottom line also showed the impact of not having any fans in the stands with the profit lowering from just over fifty million euros to about ten million euros. Despite these drops Bayern was able to do a fair bit of business on the transfer market and bring home five pieces of silverware. The only functional impact at the moment Jeeson reports is a drop in the club’s liquidity.

The drop in revenue for the club is not over yet. Jeeson indicated that if fans are not allowed back into the stadiums at all this season, the total loss in revenue could hit the three digits, with some projections between 100 and 150 million euros in lost revenue depending on when fans are allowed to return. The estimate is that the loss could result in a loss of revenue for a full season of about 20%. continue reading

Haitian Times

Haitian Times

The Haitian Times was founded in 1999 as a weekly English language newspaper based in Brooklyn, NY.The newspaper is widely regarded as the most authoritative voice for Haitian Diaspora.
Haitian Times
Dec. 21, 2020

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