Bayern post landmark €400m plus turnover
From a footballing point of view, the 2012/13 season was a stunning success for Bayern, with a 23rd German championship and a 25-point winning margin in the Bundesliga, a 16th DFB Cup success, and the crowning glory of the Champions League triumph, sealing a historic first treble in the club’s 113-year history. The landmark season on the field has now been matched off it as the club announced stellar financial results for the 2012/13 fiscal year. Not only that, the club's already vast membership has soared again to a new record total of 223,985 paid-up members.
“FC Bayern München can again declare new record turnover,” finance director Jan-Christian Dreesen informed Wednesday evening’s Annual General Meeting at the AUDI Dome. Despite a season without silverware in 2011/12, the club posted then record turnover of €373.4 million, but the equivalent figure for 2012/13 represents a significant improvement. Both the FC Bayern group and the professional football operation, the joint stock company FC Bayern München AG, reported record results.
“In the last financial year, our company achieved record turnover of €432.8 million,” Dreesen informed the members. The board director, presenting the figures for the first time after succeeding Karl Hopfner at the start of the year, marked the occasion with a string of unprecedented records. “Complementing our sporting success, we can also be very proud of our commercial performance,” Dreesen continued. FC Bayern is in the black for the 21st year in a row, “and our club belongs among the biggest in world football.”
Significant rise in profit
The turnover figure for FC Bayern München AG group (consolidated accounts for FC Bayern München AG and Allianz Arena München Stadion GmbH) rose significantly and is comfortably “the biggest turnover we have ever reported,” said Dreesen. The operating profit (Ebitda) was €95.6 million, 11 percent up on last year. Profit before tax rose to €22.5 million, with profit after tax also up significantly to €14.0 million, an increase of some 30 percent.
FC Bayern München AG, the joint stock company responsible for the club’s professional football operations, achieved similar results. Turnover rose just under 19 percent year-on-year to €393.9 million. FC Bayern München AG boasts equity capital totalling €286.8 million, an increase of around three percent. A capital ratio significantly in excess of 70 percent is “almost certainly unique in world football,” Dreesen said.
Dreesen announced satisfactory news for the company’s shareholders: “Our shareholders can look forward to a record dividend of €8.25 million (30 cents per share).” Following a resolution passed at the annual stockholders’ meeting of the AG in January 2014 this will result in a dividend payment to [members’ club] FC Bayern München eV, holder of 81.8 percent of the shares in the AG, amounting to €6.75 million.
“We have solid financial foundations: as well as revenues from footballing operations, our sponsorship and merchandising divisions make an important and not inconsiderable contribution to our great commercial success,” said Dreesen, expressing satisfaction at the outstanding financial results. “Thanks to the operating principles sustained over the course of decades, FC Bayern has established an outstanding financial base, allowing us to look to the future with confidence.”
The members' club FC Bayern München e.V. which holds a controlling stake in the professional football company and is responsible for the club's amateur and other sporting activities, announced a surplus of €5.8 million and capital reserves of €60 million. “Our club is financially absolutely healthy and fit for purpose,” announced deputy chairman Karl Hopfner.
Speaking as members' club president, Hoeneß reported booming enrolment figures, with total club membership soaring to 223,985 members, only just short of the world’s biggest club on this measure, Lisbon giants Benfica. FCB also now have 3,576 official fan clubs boasting total membership of 262,077. “These are unbelievable figures,” declared a visibly proud Hoeneß, “it can only be a matter of time until we’re number one in the world.”