Bundesliga debts continue rising

The collective debt of the 36 Bundesliga clubs increased by EUR 42.1 million this past year to a total of EUR 662.5 million.

The debt research was conducted by economic consultants Creditreform for the German newspaper, Suddeutsche Zeitung.

But, countering the debt increase, there was a similar increase in the clubs' capital, going from EUR 244 million to EUR 287.9 million.

Creditreform also gave financial ratings to the clubs based on factors such as turnover, liquidity, capital funds, assets and methods of payments. One was rated the best scenario, with three as a critical situation.

The top-ranked club was Werder Bremen, with a score of 1.56 compared to 2.27 in 2006. Bayern Munich, the former top spot holder, scored 1.86 for the second year in a row.

Hans Roedl, a director of Creditreform, said that the financial position of German clubs had improved in recent years but felt the total profits from total revenue of EUR 1.5 billion were still "too modest."

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.