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SBD Global/September 20, 2013/Finance

Bundesliga Club FSV Mainz Presents New Record Revenue, Profit For '12-13 Fiscal Year

Bundesliga club FSV Mainz 05 "has unveiled a new record revenue and record profit for the '12-13 fiscal year," according to Jörg Schneider of the RHEIN ZEITUNG. Club Finance Dir Christopher Blümlein presented a profit of €8.3M ($11.2M) before taxes at the annual general meeting on Wednesday. The club also generated a revenue of €68.4M ($92.7M). In comparison to the previous year '11-12, the club was able to increase its revenue by about €100,000 ($135,000) and its profit by €800,000 ($1.1M). The club's payroll during the previous fiscal year was €22.8M ($30.1M). Mainz GM Christian Heidel said, "We have unintentionally made a precision landing in terms of revenue. The fact that we were able to increase our profit was caused by higher TV income" (RHEIN ZEITUNG, 9/19).
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