ManU Set To Announce $1B Nike Deal Carson Yeung Hit With 6-Year Sentence Beckham To Promote Jaguar In China Green: Worth Double What Rangers Paid Putin: Russian Grand Prix 'On Track' Hoeneß Tax Evasion Trial Starts Monday Norway Questions Wealth Fund's F1 Deal Melbourne F1 Schumi Toronto Councillor Wants Cricket Stadium Executive Transactions
SBD Global/July 25, 2012/FinancePrint All
Bundesliga club VfB Stuttgart revealed it "made a small profit" after its '11 balance sheet was unveiled at the Mercedes-Benz-Arena on Tuesday, according to the DPA. The club generated €117M ($141M) in revenue, and took home a profit of €71,000 ($84,000) in '11. In '10, Stuttgart generated a slightly higher revenue of €118M ($142M), but suffered a loss of €2.2M ($2.6M). VfB Stuttgart President Gerd Mäuser said, "We are financially in good shape." Mäuser also said that "the club can only stay competitive if it continues to develop young talents, which it can sell to competitors later on" (DPA, 7/23).