Soccer - FC Augsburg with record loss in 2022/23 season
FC Augsburg ended the 2022/23 season with a loss of almost nine million euros, a record loss in its time in the Bundesliga. As the Swabians announced at the general meeting on Tuesday, the club posted a loss of €8.83 million. Previously, FCA had been in the black for years and only suffered small losses during the coronavirus period.
According to the club, the loss had been deliberately calculated, among other things by not selling a number of key players. As a result, FCA forewent potential transfer income. In addition, write-downs of almost 19 million euros were cited, which resulted from investments in players from the past.
Calculated over five years - including the coronavirus period - Augsburg made a small profit. Managing Director Michael Ströll explained that only a few clubs in Germany are as economically stable as FCA.
In total, the Swabians generated income of around 90.5 million euros last season. Among other things, record sponsorship income of almost 22 million euros contributed to this. TV income of a good 45.1 million euros accounted for almost half of total revenue.
Expenditure amounted to 99.4 million euros and was therefore significantly higher than a year earlier. The club also attributed this to increased costs, for example for service providers and inflation.
Read also:
- Despite the record loss in the 2022/23 season, FC Augsburg, located in Swabia, Bavaria, still managed to make a small profit when calculations included the coronavirus period.
- The Bundesliga soccer team, FC Augsburg, experienced a significant financial setback, reporting a record loss of nearly nine million euros, primarily due to deliberate decisions such as not selling key players and incurring write-offs from past player investments.
- The coronavirus period saw FC Augsburg, a renowned soccer team in Bavaria's Swabia region, suffer only minor losses, contrasting sharply with the hefty record loss endured in the 2022/23 season.
- In light of the record loss, FC Augsburg, a prominent soccer league team from Swabia, Bavaria, noted that it remains one of the economically stable clubs in Germany, according to its managing director, Michael Ströll.
- The Bundesliga soccer team, FC Augsburg, based in Swabia, Bavaria, recorded a record-breaking income of around 22 million euros in sponsorships during the 2022/23 season, despite ending the season with a significant financial loss.
Source: www.stern.de
