Bayern Munich Finances 2023/24

Superpower

There was a glitch in the matrix in Germany last season, when Bayern Munich only finished third in the Bundesliga behind Bayer Leverkusen and Stuttgart, having won the German league an incredible 11 years in a row.

They also crashed out of the DFB-Pokal in the second round, losing to third tier Saarbrücken, but they did reach the semi-finals of the Champions League, only eliminated by eventual winners Real Madrid

As a result of the overall disappointing results, the board replaced head coach Julian Nagelsmann in February 2023 with Thomas Tuchel, though the future England manager left at the end of last season as part of a “a sporting realignment” at Bayern.

He was succeeded by Vincent Kompany, which seemed a somewhat strange choice, as he had just led Burnley to relegation from the Premier League, but the former Belgian international currently has Bayern back in their customary position at the top of the league, while have reached the Champions League quarter-finals.

Profit/(Loss) 2023/24

In contrast to the relatively poor form on the pitch, Bayern’s finances remain rock solid, as can be seen by looking at their 2023/24 accounts.

Bayern’s pre-tax profit increased from €54.5m to €62.7m, as recurring revenue rose €21m (3%) from €744m to €765m and profit from player sales slightly improved from €104m to €106m. Both of these established new club records.

This was partially offset by growth in operating expenses, which climbed €21m (3%) from €795m to €816m.

Profit after tax was also up, rising from €35.7m to €43.7m, which was the second best result in Bayern’s history. The club justifiably described this as “an extremely pleasing result”.

All three revenue streams were up, led by match day, which rose €10m (9%) from €121m to €131m, though there was also decent growth in broadcasting, which increased €9m (4%) from €204m to €213m. Commercial was only slightly higher, rising €2m (1%) from €419m to €421m, though this remains the most important revenue stream at 55%.

As a technical aside, Bayern’s definition of revenue also includes income from player sales, which rose €76m from €110m to €186m. As a result, total revenue surged by a very impressive €97.3m (11%) from €854.2m to €951.5m, yet another club record.