Eintracht Frankfurt is in the red – equity is almost gone

taketonews

Financial data released 21/22

Despite the Europa League triumph, Eintracht Frankfurt made another big loss last season. The Hessians recorded a loss of 31.9 million euros after taxes in the 2021/22 season. “This is due to the corona because 13 of 17 Bundesliga home games and four of six home games in the Europa League could only take place with limited capacity,” said CFO Oliver Frankenbach on Tuesday. In the previous season, the Bundesliga club had already made a loss of 36.1 million euros.

After all, sales have increased again – from 160.4 million euros in the first Corona year to 248.4 million euros, which is the second highest value in the club’s history after the record sales of 278.1 million euros in the 2019/20 season . Eintracht received 106.2 million euros from TV marketing alone. The club’s equity has meanwhile fallen to EUR 5.9 million, which corresponds to a ratio of just 4.1 percent. Debt, on the other hand, rose from EUR 46.3 to 62.9 million. “Of course we got into debt during the pandemic. We will try to reduce this debt and create a balance between equity and debt,” said Frankenbach.

Thanks to participating in the Champions League for the first time, there could be a slightly positive result in the new season. “I think we came out of the corona pandemic with a black eye,” emphasized Frankenbach. So far, the Hessians have made high investments on the transfer market for the “premier class”. Ten signings, five of them with a fee, cost €26m, while the income so far stands at €4.6m. Only Borussia Dortmund and FC Bayern surpassed the transfer minus of 21.4 million euros in the Bundesliga.

Transfer spending summer 2022: 51 million difference between Bayern and BVB

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