Soccer-Bayern turnover tops 640 million euros despite COVID-19 impact

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MUNICH, Germany (Reuters) - Bayern Munich's turnover for the fiscal year 2020-21 was just over 640 million euros ($717 million), a sharp decrease from the pre-COVID-19 levels of more than 750 million euros, the club said on Thursday.

German Bundesliga champions for the last nine seasons, Bayern won six major titles in 2020 and although the COVID-19 pandemic affected their finances from March, 2020, the annual turnover was 643.9 million euros, with EBITDA at 98.4 million.

Bayern president Herbert Hainer told the club's annual general meeting the champions were in strong financial shape."We are independent, going our own way, with our own strength. We are not being swept by this craziness out there," he said. Barcelona, who had to let club great Lionel Messi leave due to"financial and structural obstacles" have a debt of more than 1.35 billion euros."Bayern on the other hand are internationally competitive. We set standards and you, the members, can be proud of that," Hainer said.

 

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