Russian League Calls For Salary Cap Hangin' With ... Tracey Gaudry Berlin To Host German Cup Final Until '20 Ecclestone Rejects Bribery Charges Belarus Football Finds New Data Provider Bremen Objects To License Restrictions ZDF Sets New CL Ratings Record AC Milan Takeover Reports Denied JvM/Sports Creates Concept For Madrid Eurosport France Extends MotoGP Deal
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).