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SBD Global/November 13, 2013/Finance

Austrian Bundesliga Club Austria Vienna Makes $941K Profit During '12-13 Championship Year

Austrian Bundesliga football club Austria Vienna "has released its financial numbers for the '12-13 season in which the club generated a profit of €700,000 ($941,000)," according to the KURIER. The previous season "was the club's third consecutive in which it made a profit." At the same time, the club "was able to decrease its negative capital" from €2.6M to €1.9M last season. Club GM Markus Kraetschmer said, "It shows that the Austria is able to continue a positive development through its structure under extraordinary circumstances." During the current season, the club "is once again heading for one of its most successful fiscal years in its 102-year history." The club "expects to attain a positive capital after reaching the UEFA Champion League group stage during the current campaign." The Champions League participation will bring the club a revenue of €14M ($18.8M) (KURIER, 11/12).
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