Bayern Munich announce record revenue during annual general meeting
It has been an eventful weekend for Bayern Munich. After extending their unbeaten run in the Bundesliga by beating Heidenheim on Saturday, Bayern held their annual general meeting on Sunday. The financial numbers released by Die Roten during the meeting certainly show how well the club is run from a financial point of view.
Bayern confirmed that they have seen a significant increase in profit. It has tripled from the 2021/22 campaign (€17.1 million to €54.4 million), while they have also seen a 28% increase in the overall revenue. Moreover, Die Roten continues to remain debt-free, which is a remarkable achievement considering the size of the club.
The Bavarian club has also witnessed an increase in revenue from sponsors, game operations, and merchandising. Die Roten continues to make more efforts in improving the commercial side of the club to make sure that they have the financial stability to achieve the goals on the pitch.
The Bavarian faithful will hope that the economic growth doesn’t come at the expense of compromising the morals of the club like they did while signing a deal with Qatar Airways a few years ago. Die Roten eventually decided against extending the contract earlier this year after fans continued to protest against the deal.
Bayern announce record numbers for the 2022/23 season: €854.2m turnover (+28%). Profit before taxes more than tripled and rose from 17.1 million euros to 54.5 million euros. The annual surplus increased to 35.7 million euros, an increase of 23 million euros compared to the… pic.twitter.com/V7hRIXUZQV
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Bayern were also excellent in the summer from an economical point of view. They managed to get big fees for Lucas Hernandez, Benjamin Pavard, and Ryan Gravenberch. Despite breaking their transfer record to get Harry Kane, Die Roten ended the summer with a positive net spend.
The club chiefs also confirmed how the signing of Kane had an impact on jersey sales. Bayern CFO Michael Diederich revealed that 20,000 Kane jerseys were sold the weekend he completed a move to Bavaria. Meanwhile, Bayern CEO Jan-Christian Dreesen explained the reasoning behind spending big on Kane in the summer.
Thomas Tuchel was also present at the annual general meeting on Sunday. From the first team, Matthijs de Ligt, Raphael Guerreiro, and Jamal Musiala were also present at the event since they will not be involved with the national teams during the international break.
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Meanwhile, Bayern chiefs also outlined sporting targets for the campaign. Tuchel and co are expected to retain the Bundesliga title and go deep in the Champions League. Despite getting knocked out from the DFB Pokal, the club chiefs are confident about making it a successful campaign.
Tuchel is hopeful about getting help from the club in terms of transfers when the transfer window opens in January. After having a positive net spent in the summer, Bayern should have enough money to spend to give Tuchel needed resources to compete for two trophies until the end of the season.