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Dreesen, 2020 will go down in history as an epidemic year, but for FC Bayern it was also one of the most successful in club history with the triple. How do you remember the year?
With an ambivalent feeling. We have had an extraordinary year in terms of sports and we have won all the titles that can be won. When you work in a soccer club, that is the most important thing. In this sense: great pleasure. Still ambivalent because we are all burdened by this pandemic; in the professional field, but especially in social life.
He has not yet published his balance. Why?
Because due to the pandemic we have not had an annual general meeting in which we traditionally announce our balance.
What does the balance look like?
The pandemic has left its mark. In the 2018/2019 season, we had a group turnover of 750.4 million euros. In the 2019/2020 season, it fell to annual sales of 698 million euros. Ebitda, profit before taxes, interest and depreciation, also fell from 146.1 to 104.5 million euros. The annual surplus, the profit after tax, where we still achieved a record profit of 52.5 million euros in the 2018/2019 season, was reduced to 9.8 million euros after tax. However, in view of the current situation, we can still be satisfied with this, because the effects of the corona pandemic have of course caused significant declines. We retain investments that were not absolutely necessary and increase expenses. We wanted to create the opportunity to make absolutely necessary investments, as in the previous transfer period in the team. Because sport is the core business, that’s what it’s all about!
How much money did you lose due to the crown crisis?
In the 2019/2020 season we lost around 55 million euros of the expected turnover, while our profit was around 40 million euros less, because we had to play our games in front of empty stands since March 8. Otherwise, we would certainly have achieved a record result, but you don’t have to do it every year. However, the current financial year will be much more affected. Because if we now have to play the whole season without spectators, we are talking about sales in the group of more than 150 million than 100 million euros, which is 20 percent of sales. Last season it was 7 percent. This is comprised of lost sales from ticket sales, catering, event related issues with sponsors and partners, to the effects of the lockdown on our closed fan shops. However, we can compensate a lot through online trading.
20 percent revenue drop – Looks like you’re making a loss this fiscal year. Is that so?
We have to assume that. When we have a 20 percent drop in sales, it is also difficult for us to show a positive result. The black zero is not a dogma for us, especially in these times. We have been able to strengthen our social capital thanks to the economically sound work of the last two decades. That is why we can make up a loss one time.
Would you rule out that next summer there will be transfers of kings of the order of magnitude of Sané or Hernández?
I can’t say that yet. If what we are currently experiencing continues, at least it will be very, very difficult.
How much is still left in the much-cited fixed-term deposit account?
In the last two years we have made transfers that are disproportionate to our standards. Combined with a significant drop in sales, this inevitably means: Our fortunately available liquidity is falling significantly.
Can you put a figure: a sum of millions of two or three digits?
