Bayern Munich 2017-18 turnover up slightly to 657 million euros - club

Sport 18:42 20.11.2018

Bayern Munich's annual turnover for 2017-18 reached 657.4 million euros (584.95 million pounds), up almost three percent from last season but net profits were down, the German champions said on Tuesday.

Bayern won their sixth successive league title last season but European success eluded them again as they crashed out of the Champions League in the semi-finals, losing twice to eventual winners Real Madrid.Turnover was up from 640 million euros the previous season while EBITDA stood at 136.5 million, down from 149 million in 2016-17. Net profit was also down to 29 million euros from 39 million.

"Bayern Munich can be very satisfied with the financial results for 2017-18," club CEO Karl-Heinz Rummenigge said in a statement.

"Apart from the sporting success with victory of the German league title and the good run in the Champions League, these results are proof that Bayern also had a good year in financial terms."

The Bavarians have not had the best start to their current domestic campaign, lying in fifth place in the Bundesliga, seven points behind leaders Borussia Dortmund. However, they are all but through to the Champions League knockout stage, top of Group E with two matches remaining.

 

Azerbaijan Defense Minister informs NATO chief on situation in Azerbaijan-Armenia conditional border -VIDEO

News line

Moldova’s Foreign Ministry to expel Russian Embassy employee
Moldova’s Foreign Ministry to expel Russian Embassy employee
13:30 19.03.2024
Azerbaijan weather forecast for March 20
13:13 19.03.2024
Israel, Hamas ready to compromise at Doha talks
13:05 19.03.2024
More than dozen workers trapped in one of Russia's largest gold mines
More than dozen workers trapped in one of Russia's largest gold mines
12:49 19.03.2024
Armenia may face a war if refuses to discuss border issues - Pashinyan
12:22 19.03.2024
North Korea holds firing drill using super-large multiple rocket launchers
North Korea holds firing drill using super-large multiple rocket launchers
11:55 19.03.2024
Fenerbahçe to discuss withdrawing from 'Super Lig'
11:32 19.03.2024
Azerbaijani police found numerous weapons and ammunition in Khankandi
11:08 19.03.2024
US Maritime Administration issues new advisory amid rising maritime threats in Middle East
10:55 19.03.2024
EU looks forward to cooperation with Azerbaijan for successful COP29
10:38 19.03.2024
EU to impose tariffs on Russian grain
10:11 19.03.2024
Embassy of Azerbaijan in France appeals to Azerbaijanis
10:00 19.03.2024
Azerbaijani oil price exceeds $88
Azerbaijani oil price exceeds $88
09:48 19.03.2024
Mehriban Aliyeva makes post on Last Tuesday before Novruz Holiday
09:35 19.03.2024
Pashinyan: Delimitation process between Armenia and Azerbaijan entered practical stage
09:00 19.03.2024
Pakistan restricts foreign travels of ministers, government officials
Pakistan restricts foreign travels of ministers, government officials
20:39 18.03.2024
EU to boost military support fund for Ukraine by EUR 5 bln — Hungarian foreign minister
20:00 18.03.2024
Industrial zones to be created in Azerbaijan’s Zangilan, Jabrayil, and Gubadli
19:16 18.03.2024
Reuters: Only an oil slump can stop Russia
19:00 18.03.2024
Top Hamas operative killed in hospital raid, IDF says
Top Hamas operative killed in hospital raid, IDF says
18:33 18.03.2024
President Ilham Aliyev congratulates people of Azerbaijan on occasion of Novruz holiday - UPDATED
18:00 18.03.2024
Jens Stoltenberg: We fully support Georgia's sovereignty and territorial integrity
Jens Stoltenberg: We fully support Georgia's sovereignty and territorial integrity
17:47 18.03.2024
2 dead, 6 injured in Türkiye factory explosion
2 dead, 6 injured in Türkiye factory explosion
17:28 18.03.2024
Armenia’s anti-Russian policy reaches new level
17:11 18.03.2024
"The Middle Corridor plays a key role for Green Energy" - Expert Ali Pasha
16:45 18.03.2024
Central square of Khankandi named “Victory Square”
16:22 18.03.2024
President: We demonstrated tremendous heroism during the II Karabakh War and the anti-terror operation
16:16 18.03.2024
Nobel Peace Prize Laureate Muhammad Yunus visited IEPF - PHOTOS - VIDEO
16:00 18.03.2024
Historic opportunity emerged to advance the Azerbaijani-Armenian peace agenda - FM Bayramov
15:21 18.03.2024
Bayramov and Stoltenberg discuss normalization process between Azerbaijan and Armenia
15:03 18.03.2024
Azerbaijan Defense Minister informs NATO chief on situation in Azerbaijan-Armenia conditional border -VIDEO
14:58 18.03.2024
Stoltenberg's visit to the Caucasus: "NATO is in panic" - OPİNİON
14:29 18.03.2024
Hikmat Hajiyev holds discussions for upcoming COP29 with Chinese Vice FM
Hikmat Hajiyev holds discussions for upcoming COP29 with Chinese Vice FM
14:00 18.03.2024
Stoltenberg concludes his official visit to Azerbaijan
13:42 18.03.2024
Geomagnetic storm expected on March 20
13:33 18.03.2024
Mbappe celebrates his 250th goal in PSG
Mbappe celebrates his 250th goal in PSG
13:19 18.03.2024
President Ilham Aliyev makes a phone call to Vladimir Putin
13:00 18.03.2024
President Ilham Aliyev lit Novruz bonfire in Khankandi and congratulated Azerbaijani people
12:34 18.03.2024
Foreign students attacked in India over Ramadan prayers
12:30 18.03.2024
Spring comes to Northern Hemisphere
Spring comes to Northern Hemisphere
12:17 18.03.2024
Hamısı