1 December 2010

The 2009-10 season was a runaway success on the field of play as Bayern claimed the double and reached the Champions League final, and the equivalent fiscal year was equally spectacular for the Munich giants.

 In the reporting year from 1 July 2009 to 30 June 2010, Germany’s biggest football club cracked the €300 million turnover barrier for the first time, while operating at a profit for the 18th successive year.

“Our sporting success has ensured we’ve yet again made a profit. FC Bayern is ideally placed to face the future with equity capital at 65.1 percent, or €206.4 million. It means our club is and remains financially independent and unaffected by market fluctuations,” finance director Karl Hopfner told the 2,807 club members gathered at the Olympic Hall in Munich for Tuesday evening’s Annual General Meeting. Coach Louis van Gaal and club captains Mark van Bommel, Philipp Lahm and Bastian Schweinsteiger were also present, seated in the front row. Uli Hoeneß, elected President by the AGM last year and chairing the meeting for the first time, described the financial results as “fabulous!”

FC Bayern München AG posted turnover of €312.0 million, up by almost 16 percent on 2008-9 (€268.7 million). Profit after tax rose some 20 percent to €2.9 million (2008-9: €2.5 million). Operating profit (Ebitda) rose to €61.2 million (2008-9: €45.0 million). FC Bayern München AG boasts equity capital totalling €206.4 million (€2008-9: 177.5 million).

FC Bayern München e.V., the members’ club and ultimate parent of the professional football company, is also in rude good health, as senior vice-president Dr. Fritz Scherer reported. The club, which owns 87.4 percent of the joint stock AG, made a profit of €1.275 million in the last fiscal year, and boasts accumulated reserves of €51.656 million. “That’s a proud number, and we’re a very healthy club,” commented Scherer. Hoeneß also announced further new records, as club membership has risen to 162,187, with a total of 2,764 officially affiliated fan clubs boasting 192,160 members. “These are unbelievable numbers, and we’re very proud of them,” the President said.

There were no elections to club offices this year, but the meeting unanimously approved a series of detailed amendments to the club’s constitution. Any sale of shares in FC Bayern München AG taking the total in outside hands to more than 30 percent of the stock will now require the approval of a three-quarters majority at the AGM. Simply put, the members’ club will always have to vote by a large majority if it is to forego ownership of anything less than 70 percent plus one share in the pro football company. “We’ve done this to strengthen your rights as members,” Hoeneß explained.

With its strong ties to the grass roots membership a continuing priority, FC Bayern can look to the future with great optimism. The financial results in the current business year (1 July 2010 to 31 June 2011) would be significantly influenced by events on the field of play, noted Hopfner, “but as of today, we’re set to make another operating profit.”{jcomments on}

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