VfB Stuttgart makes a loss of 16.6 million euros in the 2022 financial year

Among other things, because of stadium renovations

VfB Stuttgart ended the past financial year with a big loss. The AG’s deficit was 16.6 million euros, as the Swabians reported at their general meeting on Sunday. The reasons given by those responsible included, among other things, the stadium renovation and the still noticeable consequences of the corona pandemic.

“The two expensive special effects have a full impact on the balance sheet. “We have also invested in sport with transfers, the construction of the rehabilitation and athletics hall and higher expenditure on the youth performance center and have also initiated urgently needed future topics,” said CEO Alexander Wehrle.

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Thanks to the transfer revenue generated, income from gaming operations increased by 13 million euros compared to 2021. A little more than 2 million euros more was also generated in sponsorship than in the previous year. However, personnel expenses also rose to over 90 million euros. Previously, expenses were 82.8 million euros. In addition, there are higher expenses in the areas of gaming operations and other expenses.

In addition, VfB slipped further in the TV revenue ranking due to its participation in the relegation relegation campaign. While the amount in 2021 was 53.2 million euros, this time the Swabians only received 45.4 million euros. However, it is pleasing that despite the high losses, the equity capital, which amounts to 11.2 million euros, remains positive and the liquidity is sufficient. “We will work hard to get back into the black in 2023,” said Wehle (quoted via “Kicker”). In the 2022 transfer summer, VfB generated 38 million euros in income for player sales, compared to 12.6 million euros in expenses.

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