Bayern see slight dip in 2014/15 turnover, profits up

MUNICH: Bayern Munich saw annual turnover dip slightly to 523.7 million ($554.86 million) in the 2014/15 fiscal year but still broke the half a billion barrier for the second successive year as club bosses demanded bigger TV deals to close the gap with the Premier League.

The Bundesliga champions, Germany's richest club and one of the wealthiest in the world, posted a 528 million euros turnover in the last financial year, their best result in 114 years.

Profit stood at 23.8 million euros, up from just over 16 million after tax, while earnings before interest, tax, depreciation and amortisation rose to 111.3 million euros, up from 98.7 million last year.

Club membership also rose to 270,329 up from 251,000 the previous year.

Bayern will receive 73 million euros from TV rights for the current season compared with Manchester United's 210 million euros, Rummenigge said.

Bayern are top of the Bundesliga and eyeing a record fourth consecutive league title this season after their best start. They are also through to the Champions League knockout stage and in the running for the German Cup.

"We are experiencing the team's best times of its 115-year history," Rummenigge said. "Bayern remain financially solid and seriously structured. We want success but want to refinance it. Every euro spent must be a euro earned."

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