German football champion Bayern Munich has announced record figures for both revenue and profit in the 2018-19 season.
Though the season was one of Bayern’s weakest on the pitch for some time – it was eliminated from the Champions League at the second round stage by eventual winner Liverpool, and left it until the final day of the campaign to confirm a seventh-consecutive domestic Bundesliga title – off-the-pitch results show a 14.1-per-cent rise in turnover, from from €657.4 million in 2017-18 to €750.4 million in the 2018-19 season.
Overall profits after tax hit €52.5m, a 78-per-cent rise over the previous year, marking not only record profits for the club but also the 27th consecutive year in which Bayern has posted a profit.
Jan-Christian Dreesen, Bayern’s deputy chairman, attributed the gains to rising income from match day income and TV rights, adding that Bayern had “achieved record numbers regarding sponsorship income”.
The news comes at a transitional time for Bayern, with confirmation arriving earlier this week that former club captain Oliver Kahn will join the board in 2020 with a view to replacing chief executive Karl-Heinz Rummenigge in 2022. Uli Hoeness, Bayern’s long-standing president, meanwhile, will step down in November.
“Of course we are extremely pleased with FC Bayern’s financial development,” said Rummenigge in a statement given via the club. “Both the turnover and the profit rose to new records. FC Bayern’s development is outstanding, both in a sporting and financial sense. I would like to thank my fellow board members Jan-Christian Dreesen, Andreas Jung and Jörg Wacker, as well as the entire Supervisory Board, headed by Uli Hoeneß, for their very good and trustful cooperation.”