Alemannia Aachen reports record profits

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The 2.Bundesliga club was able to cancel out their debts after reporting a record profit of €4.02 million last year. The club was on the brink of bankruptcy in 2002 after accruing debts of €3.9m, but a tight rescue package and a surprisingly successful campaign helped them to consolidate finances.

Despite failing to win Bundesliga promotion for the past two years, the club runs into the German Cup final in 2004 where they lost to Bundesliga champions Werder Bremen and their subsequent UEFA Cup campaign, helped double trade over from €10.4m in 2003 to €22.7m in 2004.

“We are by no means rich, but we are on the right track and were given the chance to start all over again,” revealed board member Bernd Maas.

The club became the first-ever German Second Division club to qualify for the round of 16 in the UEFA Cup after successfully surviving the group stages before their impressive run came to an end against Dutch outfit AZ Alkmaar. After putting their financial problems behind them, the club is now keen to return to the German topflight, while they are also planning to build a new ground to replace the outdated Tivoli-Stadion, which has a limited capacity of 22,500.