Another profitable year for Bayern Munich

German FC Bayern Munich has had its 17th profitable year in a row based on the numbers for the 2008-2009 fiscal year. The club’s website lays out the details of the organization’s financial strength and achievement while acknowledging that the year was not great as a playing season.

FC Bayern München AG had a turnover of EUR 268.7 million during this period which is a little below 2007-8’s record of EUR 286.8 million. However, there has been a 20 percent increase in profit after taxes to EUR 2.5 million compared to last year’s EUR 2.1 million. There was also an increase in operating profits from EUR 42.0 million to EUR45.0 million. The equity capital of FC Bayern München AG is valued at EUR177.5 million and this is also an increase over the 2007-2008 financial year. The consolidated accounts of FC Bayern München AG and Allianz Arena München Stadion GmbH also reflect this positive numbers with profit after tax being EUR2.5 million.

The club’s Finance Director Karl Hopfner made these announcements at FC Bayern Munich’s Annual General Meeting held on Friday at the Munich Exhibition Centre. The 4,741 club members also heard that the club paid communal, state, and federal taxes totalling EUR90.5 million last year. Vice-President Dr. Fritz Scherer announced that the member’s club FC Bayern München e.V., had a good financial year also with profits of around EUR 940,000. As of June 30th 2009, the club had 151,229 registered members, 2,535 official fan clubs and 181,688 fan club members.

Another important announcement from Hopfner related to FC Bayern’s new shareholder, Audi AG. Audi will acquire 9.09 percent of FC Bayern Munchen AG when it completes its three step transfer of EUR90 million by March 31st 2011.  With the automaker as the new shareholder, FC Bayern München AG break up will be 81.82 percent held by FC Bayern München e.V., 9.09 percent by Audi, and 9.09 percent by Adidas. The money   transfer will increase the club’s capital from the current EUR25 million to EUR27.5 million. Chairman Karl-Heinz Rummenigge noted that these funds will be used to pay off debts from the Allianz Arena.  Uli Hoeness, who is transitioning from general manager to president, expressed satisfaction about FC Bayern’s strong financial standing.