FC Schalke 04 made another big loss, but significantly reduced its debt. FC Gelsenkirchen-Schalke 04 announced on Tuesday that the group posted an annual loss of 17.8 million euros last year. This means that the red numbers are significantly weaker than in 2020, when the Royal Blues made a loss of 52.6 million.
It is noteworthy that a small profit was made in the second half of the year. Reasons are a hard austerity course including player sales and the sale of an e-sports starting place. Liabilities fell by EUR 33.5 million to EUR 183.5 million. After being relegated to the Bundesliga last year, television revenues and sponsorship revenues fell significantly. The club parted with players like Weston McKennie (€20.5m to Juventus, previously on loan) and Suat Serdar (€8m to Hertha BSC) and cashed in. The previously loaned Ozan Kabak and Amine Harit are expected to follow next summer.
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Schalke are currently four points behind a promotion place in the 2nd Bundesliga. Against the background of the Ukraine war, Schalke recently parted ways with their main sponsor “Gazprom”. Although a successor as a sponsor was quickly found in “Vivawest”, the real estate company is likely to pay significantly less than the Russian energy group.
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