Bundesliga Club VfB Stuttgart Reports $84K Profit From '11
Bundesliga club VfB Stuttgart revealed it "made a small profit" after its '11 balance sheet was unveiled at the Mercedes-Benz-Arena on Tuesday, according to the DPA. The club generated €117M ($141M) in revenue, and took home a profit of €71,000 ($84,000) in '11. In '10, Stuttgart generated a slightly higher revenue of €118M ($142M), but suffered a loss of €2.2M ($2.6M). VfB Stuttgart President Gerd Mäuser said, "We are financially in good shape." Mäuser also said that "the club can only stay competitive if it continues to develop young talents, which it can sell to competitors later on" (DPA, 7/23).