1. FC Nuremberg significantly increases turnover
Second-division soccer club 1. FC Nürnberg generated a profit in its operating business last season with a significant increase in turnover. As the club announced on Thursday at its general meeting, the bottom line was 300,000 euros. A year earlier, the Franconians had reported a loss of 2.5 million euros in this area.
Income amounted to €51.2 million in the 2022-23 season. A year earlier, it had been 42.1 million euros. The increase was mainly due to higher revenue from own marketing and reaching the cup quarter-finals. In addition, match operations were no longer affected by spectator restrictions in the wake of the coronavirus pandemic.
"We made significant progress in the past financial year, particularly on the revenue side. Thanks to the positive annual result, we have improved our overall equity situation and significantly reduced our liabilities," said FCN CEO Niels Rossow.
Liabilities fell by 5 million to 13.7 million euros as at the balance sheet date. This was primarily due to the reduction in liabilities to banks and other lenders. The deficit not covered by the association's capital (negative equity) amounted to one million euros. In the previous year, it was 1.4.
In his "brief outlook" for the current season, Rossow referred to "very good momentum". The club has sold 20 percent more jerseys, 800 more season tickets and 30 percent more spectators than at the same time last year. Rossow emphasized that the separation from the sports rights agency Sportfive would pay for itself after three years. The contract would have run for another four years.
The "Club" was able to increase the number of its members by 20 percent. "We have cracked the 30,000 mark. This is good, we have ambitions for the next few years," said the Commercial Director. "We are certainly one of the 15 largest soccer clubs in Germany."
The CEO pointed out that the club is also making good progress in terms of sustainability. "We have achieved 77% of the sustainability criteria from a standing start. That's more than ten percent higher than the average for first and second division clubs," said Rossow. "We are already one of the most sustainable clubs in Germany - and we can certainly build on that." The minimum sustainability criteria, which are divided into two categories, will gradually come into force during the licensing process.
- Despite finishing in Bundesliga 2, 1st FC Nuremberg managed to boost their income during the 2022-23 season, with soccer revenue increasing significantly due to higher revenues from their own marketing and advances in the cup quarter-finals.
- Rejoicing in their financial success, 1. FC Nürnberg, the Bundesliga 2 soccer club, has aspirations to join the ranks of the 15 largest soccer clubs in Germany, aiming to further build on their sustainability achievements and attract even more supporters.
Source: www.dpa.com
