Glazers To Sell 8 Million ManU Shares DGV Interested In Hosting '22 Ryder Cup Official Calls For Disbandment Of NLB ARD, ZDF Considering TdF Comeback Odey Rejects BSkyB Offer For German Sky ITV's First-Half Pre-Tax Profit Jumps 40% Emirates Airline Signs Deal With Benfica Belkin Cycling Partners With Dutch Lotto Twitter Reports Revenue Up 124% In Q2 Judge Backs Bremen Senate's Proposal
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
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).