Second Bundesliga Club Dynamo Dresden Announces $800K Profit Last Fiscal Year
Second Bundesliga club Dynamo Dresden "released its financial numbers for the '11-12 fiscal year in which it generated a profit of €634,000 ($807,000)," according to the SID. The club generated €20M ($25.5M) in total revenue, which is "almost double the amount of the previous year." It also was the club's "second consecutive year in which it generated a profit." In addition, Dresden "was able to reduce its debt by almost €750,000 ($955,000)." However, the club's financial situation "stays difficult." The club "continues to be highly indebted due to high liabilities from its past" (SID, 11/17).