French Open To Increase Prize Money Innocent Clubs Could Challenge FFP Formula E Focuses On U.S., Asia Firm Confident In Complaint Over Ring ADS Conducts 3,393 Doping Tests In '13 AC Milan, Japanese Tiremaker Partner Survey: Man City Tops Global Salaries Report: Man City, PSG Facing FFP Penalty BeIN Sports, Canal+ To Share CL Rights F1 Team Haas Formula To Be U.S.-Based
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/November 28, 2013/Finance
TSG Hoffenheim Reports $5.7M Loss For '12-13; Union Berlin With Record Results
Published November 28, 2013
UNION BERLIN: In Berlin, Michael Färber reported 2nd Bundesliga club Union Berlin "presented record results to its members" Club President Dirk Zingler said that the team generated a profit of €1.18M ($1.6M) during the '12-13 season. Union Berlin reported increased revenue of €20.49M ($27.9M) compared to last year's €17.13M. On the expenditure side, the club reported €19.31M ($26.3M), which is also an increase in comparison to the previous year (€16.73M). The profit of €1.18M "is only slightly below the club's record profit" of €1.32M from the '09-10 season (BERLINER MORGENPOST, 11/26).
FSV FRANKFURT: In Frankfurt, Sebastian Rieth reported 2nd Bundesliga club FSV Frankfurt "finished the previous fiscal year with a loss." Club CFO Clemens Krüger announced a loss of €786,107 ($1.1M) for the '12-13 season at the club's annual meeting. Krüger said that the situation is "not threatening." He said, "The last several years weren't easy but we will manage the turnaround." The construction of the new main stand and increased expenses in regards to points bonuses have negatively influenced the result (FRANKFURTER RUNDSCHAU, 11/27).