Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).

From:
To:
 

SBD Global/March 14, 2013/Finance

Bundesliga Side Werder Bremen Expects Financial Loss Of More Than $10M

Bundesliga club Werder Bremen "will again end the fiscal year with a noticable loss," according to SPOX. Club Exec Dir Klaus Filbry said, "We will again not have a positive result. However, the minus won't be as high as last year." The club has lost €14M during the previous fiscal year. This year's minus is expected to be around €8M ($10.4M). The financial numbers "are the consequence of the club's missing on-field success." But the expected loss "is no reason for concern." Filbry said, "Our financial situation is good. We don't have any debt, with €24M ($31M) a reasonable capital and therefore a very reasonable equity ratio. We are well positioned" (SPOX, 3/13).
Return to top

Related Topics:

Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug