According to preliminary results, Bundesliga club 1. FC Köln closed the 2021/22 financial year with a loss of 15.7 million euros after taxes.
In addition, there is almost a million minus for the eV Even if the numbers were heavily influenced by the pandemic, Managing Director Philipp Türoff found clear words at the general meeting.
“It remains a financial restructuring case,” said Türoff, who has been in office since January 1st. The level of debt is 65.9 million euros. In view of participation certificates and the like, one has to reckon with obligations of around 80 million, said Türoff. It will be a “long road to economic recovery”.
In the previous year, FC reported a loss of 3.9 million euros. Sales increased slightly from 140.6 to 148.5 million euros. A total of 85 million sales were lost due to the pandemic, the managing director explained. However, the “remarkable sporting development” could help “put FC more quickly on a stable foundation”. Qualifying for the group stage of the Conference League brings additional income of around ten million euros.
“We have received the license for the current season without any conditions and we are closing the financial year with small but positive equity,” said Türoff. In the GmbH & Co. KGaA, this amounts to only 3.2 million euros. In the previous year it was still 16.9 million euros. However, the liquidity is secured in the short and medium term, assured Türoff.