Bundesliga
Bayern Munich announce record profit earnings for 2014-15 season
Bundesliga

Bayern Munich announce record profit earnings for 2014-15 season

Published Nov. 27, 2015 3:31 p.m. ET

MUNICH -- 

Bayern Munich made a record profit after tax of 23.8 million euros ($25.2 million) last season, the club announced at its annual general meeting on Friday.

Bayern said it had a turnover of 523.7 million euros ($555 million) for the financial year 2014-15, slightly below that of the previous year.

It's the second consecutive year that Bayern has had turnover of over half a billion euros. The club earned five million more the previous season due to its participation in the Club World Cup and UEFA Super Cup.

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Match income was a total of 137.6 million euros ($146 million) as it competed in the Champions League, German Cup and Bundesliga - which it won for a third straight year - as well as friendly games. Sponsorship and marketing provided another 113.9 million euros ($121 million), merchandizing including jersey sales provided 101.7 million euros ($107.7), while domestic TV and radio contributed 58.3 million euros ($61.8 million).

Salaries were the biggest expense at 227.3 million euros ($241 million).

"FC Bayern Munich is pre-eminent both in sporting and financial terms," Bayern deputy chairman Jan-Christian Dreesen said in a statement following the club's general meeting on Friday. "Our increasing financial power will be used primarily to make the regular investments required in our first-team squad in order to ensure we remain competitive among the elite teams in Europe.

"Our maxim reads: maximum sporting success alongside financial prudence. I therefore wish to thank my colleagues on the executive board, all of our employees, the coaching staff, the team and also our partners and all those who have contributed to these record results.

"Let's continue in the same vein!"

The club also announced that the supervisory board of Bayern had been unanimously re-elected by the shareholders, including chairman Karl Hopfner, who stated: "We will continue to perform our duties constructively and faithfully for the benefit of FC Bayern."

Information from Goal.com was used in this report.  

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