Best ever financial results for Bayern Munich
Increasingly looking like the leading European team, Bayern Munich have announced the best ever financial results in their 115-year history. Turnover is up to £368m, although that still leaves them slightly behind Barcelona and Real Madrid in terms of revenue.
Operating profits are £78m, an excellent result for a football club, although they reduce to £16m after tax. The club's success in merchandising is reflected in revenues of £71m.
The club is no longer entirely fan owned and Allianz are the latest investors.