Nearly Two In Three German Professional Football Clubs Record '13-14 Profit, Study Finds
Nearly two-thirds of Germany's professional football clubs logged a profit in the '13-14 season, a study released Wednesday by auditors Ernst & Young found, according to DEUTSCHE WELLE. Those profits were even described as "high" by every third club, EY said, after "gauging the opinions of 51 club managers from Germany's three professional divisions." Out of 56 professional clubs, 18 clubs, or 32%, were "in the red." In the previous season, only 28% of clubs had losses in the books. EY analyst Christine Unterhitzenberger said, "German professional football has become an attractive field from both a sports and a commercial perspective." Unterhitzenberger added that future revenues were "set to outpace expenses." Two out of three clubs expect higher revenues in the "upcoming season and beyond," while only 11% predict a decline in sales. While club managers are optimistic merchandising "will expand, they were more cautious when it came to income garnered from player transfers." Only one in four clubs said such transfers would "boost their balance sheets" (DW, 8/20). For the full report in German, click here.