By Andrew Warshaw
November 16 – Despite not winning a trophy, Bayern Munich, Germany’s biggest club, posted a record €332.2 million (£266.6 million/$422.9 million) turnover in 2011-2012, another indication of the growth of the Bundesliga, which stays clear of the benefactor model enjoyed in the English Premier league.
“Bayern Munich has today an economic base the likes of which the club has not had in its 112-year history,” said board director Karl Hopfner.
The turnover exceeded by €20 million (£16 million/$25 million) the previous record of €312 million (£250 million/$398 million) set in 2009-2010 when the club won a domestic league and Cup double and also reached the UEFA Champions League final.
It is the 20th successive year that Bayern has been in the black – this time recording profits of €11.1 million (£8.9 million/$14.2 million) – in contrast to so many Premier League clubs and provides an ideal model for meeting UEFA’s Financial Fair Play rules, which discourage reckless spending.
“Despite a difficult starting position – I remind you that we had no notable sporting success last season and faced an ongoing financial and euro crisis – we again recorded a profit,” said Hopfner.
“I think the members of Bayern Munich can be proud of their club.”
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