Only Bayern profitable among European champion clubs in 2020-21

Soccer Football - Champions League - Group E - Dynamo Kyiv v Bayern Munich - NSC Olympiyskiy, Kyiv, Ukraine - November 23, 2021 Bayern Munich players pose for a team group photo before the match REUTERS/Valentyn Ogirenko

Jan 11 (Reuters) – Bayern Munich were the only title winners in Europe’s eight major soccer leagues to turn a profit in the coronavirus-disrupted 2020-21 season, a study from auditing firm KPMG showed on Wednesday.

The Bundesliga champions just scraped into the black with an after tax profit of 1.8 million euros ($2.0 million), also recording the lowest ratio of staff costs to operating revenue at 58%.

Exemplifying those problems, Serie A winners Inter Milan posted an annual loss of 245.6 million euros on operating revenues of 347.5 million, with La Liga champions Atletico Madrid losing 111.7 million euros on revenues of 349.6 million.

City, who reached the final of the Champions League, also leapfrogged local rivals Manchester United (557 million euros) for the first time.

Bayern were second behind City with revenues of 597.5 million euros, while Turkish Super Lig winners Besiktas had the lowest revenue among the eight champion clubs with 59 million euros.

Six of the clubs increased broadcasting revenues, benefiting from deferred income related to matches postponed from the 2019-20 season and played after June 2020.

More Stories