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Finance

Second Bundesliga Side Fortuna Dusseldorf Reports Profit Of $1.3M In '14-15

Second Bundesliga club Fortuna Dusseldorf "reported a profit" of more than €1M ($1.1M) for the '14-15 fiscal year, according to Kathrin Hartmann of SPONSORs. The club announced a profit of €1.17M ($1.32M) for the '14-15 season. It is an increase of €100,000  ($113,000) in comparison to the previous year. As a result, the club has been able to raise its capital by more than €1M to €6M ($6.8M). The team "has not yet made a statement on total revenue numbers." Fortuna increased its payroll to €12M ($13.7M) for the '15-16 season. Club Finance Dir Paul Jäger: "That is half-a-million more than previously. That puts us in thrid, fourth or fifth spot in the league" (SPONSORs, 9/17).

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