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SBD Global/June 2, 2014/Finance

Second Bundesliga Side 1860 Munich Loses More Than €7M During '12-13 Fiscal Year

Second Bundesliga club 1860 Munich "has released its financial numbers for the '12-13 fiscal year" in which it lost more than €7M, according to the TZ. The numbers showed that between July 1, 2012 - June 30, 2013 the club lost €7.27M. That is almost €1M more than during the previous year. The financial result "makes it clear that the club more than ever needs the money of investor Hasan Ismaik." However, fans "do not have to worry in the short term, as the team has already received the license for the upcoming season" (TZ, 5/29).
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