Bayern Munich To Unveil New Record Revenue Of More Than $542M For '12-13 Fiscal Year
Bayern Munich Exec Chair Karl-Heinz Rummenigge revealed “a revenue increase of more 20% for the current fiscal year,” according to Ben Priechenfried of DIE WELT. Rummenigge: “We can report revenue of more than €400 million" ($542.8M). During the previous ’12-13 season, the club generated revenue of €332.2M. Rummenigge said that "the club’s profit also has increased." The profit last year, when the club did not win a single title, was €11.1M. The statements indicate that Bayern Munich "will end a fiscal year without a loss for the 21st consecutive year" (DIE WELT, 10/7). SPORT1 reported “if you add the revenue of the Allianz Arena, which is owned by the club,” Bayern’s revenue was €373.4M in ’11-12. The club’s record profit of €18.9M was set during the ’06-07 season. Bayern Munich “will announce its official financial results at its annual general meeting on Nov. 13" (SPORT1, 10/4).