German champions FC Bayern Munich has revealed that the club expects a hefty loss of €150 million in matchday revenues. Due to the COVID-19 pandemic, the club was forced to play its matches behind closed doors.
Bayern welcomed around 250 fans on the final matchday of the 2020-21 season and they were also presented as the Bundesliga champions for the 8th consecutive time taking their tally to 30 Bundesliga titles.
However, the club said that it saw a profit of €9.8 million for the 2019-20 season which is a downfall of more than 81 percent from the season before that. The pandemic situation worsened not only in Germany but across Europe which forced the club to play the final third of the season behind closed doors.
However, on Monday, the club introduced former Germany and Bayern Munich legend Olivier Kahn as the new CEO of the club. Bayern also parted ways with CEO Karl Heinz Rummenigge who stepped down six months earlier than it was scheduled. Rummenigge had been a part of the club since 1991 but he chose to depart early and vacated his position on 30th June. This also means that Olivier Kahn was roped in much earlier than was initially planned.
Bayern’s president, Herbert Hainer said that “We have now had the pandemic for about a year and a half, the last time we played in front of spectators on March 8, 2020,” Hainer said. “We are assuming a loss of sales of €150m in these one and a half years.” He also revealed that whatever the circumstances are, the club’s ‘ambitions have not diminished’.
Bayern are not the only club in Europe to incurring losses. Italian giants Juventus also announced that they are expecting a loss of €320 million due to the pandemic and they have confirmed plans for a capital increase of €400 million.
The 2021-22 season of Bundesliga will commence from 14th August and Bayern will face Borrusia Mönchengladbach away and on 21st August they will play their first home against Cologne.
The board is planning to bring back as many fans as possible and they are working together German governing body of football (DFL) to welcome the fans back to the stadiums for the new season and more than 1500 fans are allowed for the upcoming friendlies before the season kicks off.
Bayern has tasted a lot of success in Germany and across Europe in recent years. The club recently signed Dayot Upamecano from RB Leipzig for €42.5 million as the replacement of David Alaba, who left the club after a decade for Spanish giants Real Madrid for free. They have also roped in former RB Leipzig manager Julian Nagelsmann after the departure of their head coach Hansi Flick who became the new manager of the German National Football Team.