German Football Association - DFB confirms: 4.2 million euros loss in 2022
The German Football Association shows a loss of 4.2 million euros in its financial report for 2022. This was announced by the DFB. The "Handelsblatt" had previously reported on this.
The DFB justified the deficit with the sporting failures of the national team, the construction costs and ongoing expenses for the campus, which cost almost 190 million euros, as well as the disputes with the tax office. According to the statement, special items from the revocation of the non-profit status for the years 2006, 2014 and 2015 had a negative impact on the balance sheet.
Without special items, the loss would have been as high as 17.5 million euros,Handelsblatt continues. However, a dissolved pension fund brought in 9.5 million euros. The free reserve, which is important for the balance sheet, fell to just 41 million euros. It is "still an acceptable economic result overall, considering that the national team was eliminated in the preliminary round of the World Cup in Qatar and we are now dealing with a structural deficit," DFB finance director Stephan Grunwald was quoted as saying by the newspaper.
Success of the DFB team is important
Economically, the DFB is dependent on the performance of the men's national team. If next year's European Championship in front of a home crowd is also disappointing, "we will have a more serious problem", said Grunewald.
The non-profit association has leased the rights to the national team, the DFB Cup and individual DFB leagues to its subsidiary DFB GmbH & Co. In the first year of 2022, this generated a profit of 23 million euros on a turnover of 377 million euros. According to the DFB e.V., it expects to break even in 2023.
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- The article from 'Handelsblatt' earlier reported about the 4.2 million euros loss in the German Football Association's (DFB) financial report for 2022.
- The DFB attributed the deficit to various factors, including the national team's sporting failures, construction costs, ongoing expenses for the campus, disputes with the tax office, and special items from the revocation of the non-profit status.
- Despite the loss, Grunwald mentioned that the DFB still had an acceptable economic result, but warned that a disappointing performance at the European Championship in 2023 could lead to more significant financial issues.
- The DFB e.V. generated a profit of 23 million euros from leasing rights to the national team, DFB Cup, and individual DFB leagues in the first year of 2022 through its subsidiary, and aims to break even in 2023.
- The financial report also highlighted the importance of the men's national team's success, as the DFB's economy relies heavily on their performance on the field.
Source: www.stern.de
