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SBD Global/December 5, 2012/Finance
Second Bundesliga Club SC Paderborn's '11-12 Profits Hit $1.6M
Published December 5, 2012
A LOOMING LOSS: The DPA reported Bundesliga club FC Augsburg "would take a hit of about €10M ($13.1M) to its annual budget should it be relegated to the 2nd Bundesliga at the end of the season." Club Chair Peter Bircks said, "It would be a huge financial step back, but we would be able to cope with it." Augsburg's current annual budget is around €38M ($49.7M). Augsburg "is currently 17th in the Bundesliga with eight points out of 15 games" (DPA, 12/4).