1860 Munich Reveals €6.3M Loss In '11-12; VfL Bochum Unveils €1.25M Profit In '12-13
Second Bundesliga club 1860 Munich "has unveiled its delayed financial results for the '11-12 fiscal year," according to Filippo Cataldo of the ABENDZEITUNG MÜNCHEN. Only one year after investor Hasan Ismaik joined the club, 1860 Munich made a loss of €6.3M. The club's debt stood at €5.1M by the June 30 deadline. Despite those negative numbers, the club "was able to reduce its debt for two consecutive years." However, due to decreasing attendance numbers and reduced sponsorship income, the club "is in the short and medium term not viable without investments of majority shareholder Ismaik" (ABENDZEITUNG MÜNCHEN, 10/22).
BOCHUM: KICKER reported 2nd Bundesliga club VfL Bochum has generated a profit of €1.25M during the previous season. Opposite revenue of €27.55M, the club had expenditures of €26.3M during the '12-13 season. Those expenditures included payroll costs of €8.8M. The club "expects to further increase its financial situation" and calculates with a profit of about €2.6M for the current season (KICKER, 10/21).