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Bayern Munich Reports Slight Dip In Revenue To €523.7M For '14-15 Fiscal Year

Bayern Munich saw annual turnover "dip slightly" to €523.7M ($554.86M) in the '14-15 fiscal year but "still broke the half a billion barrier for the second successive year as club bosses demanded bigger TV deals to close the gap with the Premier League," according to Karolos Grohmann of REUTERS. The Bundesliga champions, Germany's "richest club and one of the wealthiest in the world," posted a €528M turnover in the last financial year, its best result in 114 years. Profit stood at €23.8M, up from just more €16M after tax, while earnings before interest, tax, depreciation and amortization rose to €111.3M, up from €98.7M last year. Club membership also rose to 270,329, up from 251,000 the previous year. Bayern CEO Karl-Heinz Rummenigge urged the German Football League (DFL) "to ensure better television rights deals if German clubs are to remain competitive as higher revenues for English clubs meant bigger salaries for players." He said, "That means transfer sums and salaries will rise sharply in the coming years. The Bundesliga will feel it and Bayern too. We are already feeling it." The annual German figure of about €800M for TV rights "is a fraction" of the almost €3B English top flight clubs "will net per season from broadcasters Sky and BT under a new contract" running between '16-19 (REUTERS, 11/27). Bayern Munich Deputy Chair Jan-Christian Dreesen: "With equity capital amounting to €411.5 million, we are probably the 'healthiest' club in the world. FC Bayern München is pre-eminent both in sporting and financial terms. Our increasing financial power will be used primarily to make the regular investments required in our first-team squad in order to ensure we remain competitive among the elite teams in Europe" (Bayern Munich).

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