Menu
Finance

1860 Munich Reveals €6.3M Loss In '11-12; VfL Bochum Unveils €1.25M Profit In '12-13

Second Bundesliga club 1860 Munich "has unveiled its delayed financial results for the '11-12 fiscal year," according to Filippo Cataldo of the ABENDZEITUNG MÜNCHEN. Only one year after investor Hasan Ismaik joined the club, 1860 Munich made a loss of €6.3M. The club's debt stood at €5.1M by the June 30 deadline. Despite those negative numbers, the club "was able to reduce its debt for two consecutive years." However, due to decreasing attendance numbers and reduced sponsorship income, the club "is in the short and medium term not viable without investments of majority shareholder Ismaik" (ABENDZEITUNG MÜNCHEN, 10/22).

BOCHUM: KICKER reported 2nd Bundesliga club VfL Bochum has generated a profit of €1.25M during the previous season. Opposite revenue of €27.55M, the club had expenditures of €26.3M during the '12-13 season. Those expenditures included payroll costs of €8.8M. The club "expects to further increase its financial situation" and calculates with a profit of about €2.6M for the current season (KICKER, 10/21).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/10/23/Finance/1860-Munich-VfL-Bochum.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/10/23/Finance/1860-Munich-VfL-Bochum.aspx

CLOSE