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So finally I am able to put up an overview of P&l and some KPI for the period FY 2019/20-2024/25 exclusively based on the actual published accounts for FC BAYERN GROUP, AG and ALLIANZ ARENA.
Other detailed figures were sourced from official publications from UEFA, FIFA and DFL.
Projections for FY 2025/26 are based on published figures, public statements and comments from club sources and best effort estimates.
broadcasting will be overall lower, although income from CL and Pokal competitions increased, income from DFL expected to be significant lower and obviously income from CWC was completely accounted for in 24/25).
Commercial income should increase based on reports about renewed and new sponsorship deals, as well as continued excellent merchandising activities.
Transfer income and profit calculations are based on reports from reliable sources and best effort estimates (salaries).
After careful examination and consideration it seems reasonable to assume that squad cost (wages and amortisation) were slightly reduced in 25/26. Agent fees expected to be unchanged.
Transfer net debt reversed into a slight surplus and expected to stay again in balance for the foreseeable future.
Transfer net spending also reversed into a small surplus, after some years of heavy over spending.
Transfer net profit remains stable, and continues to be necessary to cover the structural deficit in EBIT.
Cash position should recover and is projected to increase to abt €200 Mio again.
So overall FC Bayern remains profitable, for over 30y, and thus continues to increase its Equity without and capital requirements from third party investors.
Outlook for 26/27 to follow in this thread.
Brillant Podcast
Watch it to understand why debt in football is a killer (as long it’s not explicitly allocated for a feasible stadium project generating significant higher net revenues).
Manchester United…
- still a billion in debt
- a billion in interest paid on that debt
- £1.7bn spent in 10 years for 1 top signing
- £2bn stadium build (min) required
That’s a lot of billions…all in the wrong place. So how did it get this bad? And what needs to happen to sort it out?
We welcomed the oracle on this matter @thePoS_007 into the studio to get to the bottom of this chaos 👹
@bizzofsport
Full show👇
Gute und richtige Analyse bzw. Schlussfolgerung. Erstaunlich
Unter den Top 20 Klubs der Welt (gemessen am Gesamtumsatz laut der Deloitte Football Money League) ist das reine Vermarktungsmodell von Borussia Dortmund - die langfristige Auslagerung des wesentlichen Vertriebs an eine externe Agentur - eine absolute Ausnahme. Je höher der Gesamtumsatz eines Vereins klettert, desto unwirtschaftlicher wird eine prozentuale Agenturprovision im Kernmarkt. Die Top-20-Klubs investieren die gesparten Agenturprovisionen stattdessen lieber in den Aufbau eigener globaler Vertriebsstrukturen. Der #BVB nimmt hier eine Sonderrolle ein, da er die operativen Vertriebskosten und das Einnahmen-Risiko gegen garantierte Einnahmen und schlanke administrative Strukturen eingetauscht hat.
Eine weitere strukturelle Entscheidung pro Sicherheit, gegen Risiko - aber auch eine selbst gezogene Decke gegen Wachstum und damit ein Wettbewerbsnachteil gegen die Geld-Eilte bis 2034.
Sportlich an der Top 10 dran bleiben wollen, finanziell aber nur Bodenständigkeit praktizieren. Das wird schwer zusammengehen.
#Sportfive
Common sense always prevails
@David_Ornstein source was talking nonsense really
Doubt that the base fixed salary will be much higher than previously. But it seems very reasonable to assume that the various bonuses subject to individual and team performances very either increased or easier achievable.
And the biggest part will be concessions in image rights or compensation for use of image rights by Bayern (similar to Musiala). Those are very complex and complicated contractual arrangements as they involve club sponsors as well, and related clauses which have to be drafted and reviewed by various lawyers reporting their respective parties.
As per UEFA FSR rules those are treated as salary income by definition.
Harry Kane's contract does not include an option to extend it until 2030. In return, Bayern made concessions to the striker in other areas, including his salary and image rights. Kane will earn a club record salary of more than the previous €25m per year. CEO Jan-Christian Dreesen held eight rounds of negotiations with Kane's father, Patrick, and his brother, Charlie, starting in the summer. Just as he did when Kane joined the club in 2023, Dreesen was the driving force who ultimately got the deal over the line [@_kochmaximilian]
Still hard to judged he could succeed at professional top level
𝘿𝙞𝙚 𝙍𝙚𝙞𝙨𝙚 𝙜𝙚𝙝𝙩 𝙬𝙚𝙞𝙩𝙚𝙧. ✍️
Der FC Bayern hat den Vertrag mit Noah #CodjoEvora bis 2030 verlängert. 🤝
🔗 fcbayern.com/bbPcL
They did well and fully deserved their commission related to this.
🟥 Football agent Charlie Kane, from CK66 Player Management, alongside his brother Harry Kane after negotiating his contract extension with Bayern Munich until 2029. ✅🧳🏴
📸 @theharrykanecompany
Royalty
Bayern Real Milan ManUnited
AC Milan will once again be an Adidas team beginning in summer 2028 after signing a 10-year deal worth $56M per season 💰
The agreement marks a significant increase from the club’s current Puma deal, worth around $33.6M per season.
Via @Gazzetta_it | ow.ly/78Mm51047iM
Will be interesting to see if the new owners are acting by and large as the present owners, bar the last transfer windows.
FSG had been a great owner
The consortium buying into Liverpool has at least two options to increase its stake once it has been ratified as a part-owner by the Independent Football Regulator.
Initially, Jeff Bezos’ K5 Global sports fund will be the largest investor in 1892 Holdings.
The Athletic can now reveal that the agreement has a structure that could lead to 1892 Holdings taking control of Liverpool by increasing its claim to around 69 per cent, or potentially even complete a 100 per cent buyout.
Exclusive story from @Simon_Hughes__ ⬇️
bit.ly/3Uz814c
UNS UWE
Today would have been Uwe Seeler’s 90th birthday. 🎂🕊️
A special occasion to remember not only one of German football’s greatest legends, but also a very dear friend of Franz. 🇩🇪❤️
Uwe was a footballer who earned the admiration of an entire nation through his talent, dedication and unmistakable character. His influence extended far beyond the pitch, and his friendship with Franz was one that lasted a lifetime.
Their bond was built on mutual respect, shared memories and a deep love for football. Franz was fortunate to have Uwe by his side from the very early beginnings of his career.
Today, on what would have been his 90th birthday, we celebrate Uwe’s life, his extraordinary legacy and the memories that will always keep him remembered forever. 💭🕊️
📸: (Archive images: Imago©️)
You want to understand how Bayern works and functions? Listen and read carefully!
💬 | 5️⃣ Jan-Christian #Dreesen über den wirtschaftlichen Aspekt: "Vor drei Jahren war das für uns der größte Transfer. Harry war aber jeden Cent wert, in allerlei Hinsichten. Er trägt das Spiel, macht die Mitspieler besser und ist Vorbild außerhalb des Sports. Wenn wir attraktiv bleiben wollen, um die europäische Spitze spielen wollen, müssen wir wirtschaftlich stark sein. Wir wollen jeden Cent, den wir verdienen, so gut einsetzen, um so gut zu sein, wie es nur geht. Und wenn der weltbeste Spieler auch einen Top-Vertrag bekommt, ist das nur logisch. Wir wollen solide und wirtschaftlich vernünftig sein. Aber wir wollen auch die beste Mannschaft haben und gewinnen. Das ist nicht einfach gegen eine wirtschaftliche Übermacht anderer Clubs, aber das gelingt uns ganz gut."
Very very important extension with an incredibly important player in all regards especially for sporting success.
Congratulations for the contract extension with Harry Kane after the other important ones with Kimmich Neuer Musiala Davies Upamecano Laimer.
Now Olise and Pavlovic.
Financial aspect. Bayern are eligible to reduce the remaining amortisation charge of abt €25mio to €8,33mio pa 26/27-28/29.
In other words the P&L 26/27 improved by €16,66mio.
According to my assumptions, in theory, Bayern have the capacity to add abt €25-30mio cost to the P&L during the January transfer window and would still be break even in 26/27.
💬 Harry Kane: "𝘐𝘤𝘩 𝘧𝘶̈𝘩𝘭𝘦 𝘮𝘪𝘤𝘩 𝘣𝘦𝘪𝘮 𝘍𝘊 𝘉𝘢𝘺𝘦𝘳𝘯 𝘸𝘪𝘦 𝘻𝘶𝘩𝘢𝘶𝘴𝘦: 𝘐𝘤𝘩 𝘭𝘪𝘦𝘣𝘦 𝘥𝘦𝘯 𝘝𝘦𝘳𝘦𝘪𝘯, 𝘥𝘪𝘦 𝘍𝘢𝘯𝘴, 𝘥𝘪𝘦 𝘚𝘵𝘢𝘥𝘵 𝘔𝘶̈𝘯𝘤𝘩𝘦𝘯 - 𝘸𝘪𝘳 𝘩𝘢𝘣𝘦𝘯 𝘦𝘪𝘯 𝘧𝘢𝘯𝘵𝘢𝘴𝘵𝘪𝘴𝘤𝘩𝘦𝘴 𝘛𝘦𝘢𝘮 𝘶𝘯𝘥 𝘪𝘯 𝘝𝘪𝘯𝘤𝘦𝘯𝘵 𝘒𝘰𝘮𝘱𝘢𝘯𝘺 𝘦𝘪𝘯𝘦𝘯 𝘧𝘢𝘯𝘵𝘢𝘴𝘵𝘪𝘴𝘤𝘩𝘦𝘯 𝘊𝘰𝘢𝘤𝘩. 𝘌𝘴 𝘮𝘢𝘤𝘩𝘵 𝘮𝘪𝘤𝘩 𝘴𝘦𝘩𝘳 𝘴𝘵𝘰𝘭𝘻, 𝘛𝘦𝘪𝘭 𝘥𝘪𝘦𝘴𝘦𝘴 𝘝𝘦𝘳𝘦𝘪𝘯𝘴 𝘻𝘶 𝘴𝘦𝘪𝘯." ❤️🤍
Alle Infos zur Vertragsverlängerung unseres Weltfußballers: fc.bayern/Kane_2029
Very interesting podcast.
Again in was outlined in detail why ManUnited is stuck in the mud. Ratcliffe had to buy the Glazers out and to clear the debt for the going concern. Will or can he do it now when INEOS are under tremendous pressure themselves?
Ironically I just listened to this older episodes of other podcasts with Peter Kenyon who was ex CEO both of ManUnited and Chelsea who talks exactly about the problems having owners with tight purses, with limited or low knowledge and passion, or who intend to flip a club after some years.
Bayern fans should be happy with their leadership who were running the club the last 30 years.
Hoeneß Scherer Hopfner Beckenbauer Rummenigge Hainer Dreesen.
Future guys buy into this philosophy of leader and custodianship or leave it.
youtu.be/ep8G-pElj0Q?si=zd0_…
youtu.be/_ySLtW_i3I0?si=QAeu…
Hear hear
“I’ve seen too many of these ‘next Messis’ chase the bright lights and end up nowhere. The lad’s got talent, no one’s denying that, but talent without a bit of patience and a bit of humility doesn’t get you very far in this game. in a couple of years he might be wondering why he didn’t just keep his head down at Manchester United.”
🚨🗣️| Nicky Butt reacts to JJ Gabriel potentially signing for Real Madrid
“Look, I’ve been around the game long enough to know when a young lad’s getting carried away with himself, and this JJ Gabriel business is a classic case of it.”
“Sixteen years of age, still wet behind the ears, and he’s already decided Manchester United ain’t good enough for him. They had him training with the first team, they were ready to throw him on in the Carabao Cup, they treated him like the golden boy because everyone could see the talent, and what does he do? He downs tools, stops training, and tells them he wants out because the pathway isn’t clear enough. Pathway? At sixteen? Come on, be serious.”
“Now he’s off to Real Madrid, and I don’t care what anyone says about Castilla and development plans — that place is already stacked with wingers. Vinicius, Mbappé, Rodrygo, that young Diomande lad who’s already getting minutes, Endrick, Brahim… the list goes on.”
“He’s not walking into that dressing room and demanding a place. He’s walking into a queue that stretches all the way back to the academy. They’ll park him in the B team, tell him he’s the future, and then when the next big signing arrives he’ll be further down the pecking order than he ever was at Old Trafford.”
“And the worst part is, United have got kids of their own coming through who actually want to be there. This sends the wrong message to every single one of them. You don’t get special treatment and then spit it back in the club’s face because someone in Spain’s whispering in your ear.”
“I’ve seen too many of these ‘next Messis’ chase the bright lights and end up nowhere. The lad’s got talent, no one’s denying that, but talent without a bit of patience and a bit of humility doesn’t get you very far in this game. in a couple of years he might be wondering why he didn’t just keep his head down at Manchester United.”
Candidat
📣 OFFICIAL ANNOUNCEMENT
I FORMALLY ANNOUNCE MY CANDIDACY FOR THE FIFA PRESIDENTIAL ELECTION — 18 MARCH 2027
RABAT, MOROCCO
FOOTBALL BELONGS TO THE PEOPLE — NOT TO THOSE WHO CONTROL IT.
Football stands at a defining crossroads. The decisions we make today will shape the future of our beautiful game for generations to come.
WE DECLARE ZERO TOLERANCE for leadership that has humiliated the passion of five billion football fans around the world and insulted the dignity, dedication and integrity of the millions of people who devote their lives to our beautiful game.
Football belongs to its people. Their passion deserves respect, their voices deserve to be heard, and their contributions deserve recognition — never humiliation, intimidation or contempt.
After more than a decade of preparation, I formally announce my candidacy for the Presidency of FIFA in 2027.
Alongside me stands my Hungarian wife and First Lady, Claudia — a pioneer with over 25 years of experience in professional men s football. Together, we share an unwavering commitment to restoring trust, reforming governance and reuniting the global football family.
I bring the mentality of a player, the discipline of a defender and decades of experience from the pitch to the boardroom.
I defended my team on the field. Now I am ready to defend football itself — its integrity, its people and its future.
My candidacy is not driven by personal ambition, power or privilege. It is driven by responsibility, conviction and a profound love for the game that has given me everything.
I AM NOT STANDING TO CONTINUE THE WAR. I AM STANDING TO END IT.
No individual is greater than football. No institution should ever place itself above the game.
This is not merely an announcement of candidacy. It is a call for fundamental change, a commitment to reconciliation and a vision for a new era of world football.
I invite every member association, player, coach, referee and supporter across the world to read my full official presidential announcement attached below. 👇
Read it. Reflect on it. Challenge its ideas. Above all, join the conversation about the future of the game we all love.
Ramon Vega
Candidate for the Presidency of FIFA 2027
@BBCSport @bbc5live @BBCAfrica @bbcnewsjapan @BBCBreaking @SkySportsNews @AP @ReutersSports @afpfr @Reuters @cnni @AFP @EFEnoticias @EFEdeportes @cplussportafr @dpa @MTIhivatalos @MirrorFootball @johncrossmirror @danroan @RobHarris @jijicom_ent @tassagency_en @euronews @guardian @business @nytimes @FOXSports @SaudiPressNews @Gazzetta_it @CorSport @diarioas @marca @arabnews @elpais_deportes @News24Aust @snewsafrica @mog_russEN @AsianetNewsML @API_official @FansEurope @bbcsportmark @UEFA @theafcdotcom @CAF_Online @Concacaf @OFCfootball
