FC Schalke 04 closed the first half of 2021 with a minus of 21 million euros.
As the second division soccer team announced on Wednesday, sales during this period were 106.7 million euros.
According to the association, it was possible to reduce the financial liabilities “despite the effects of the Covid 19 pandemic and the decline in the past six months from 149 million euros to 143.8 million euros”.
Gelsenkirchen - “As expected, the first half of 2021 was massively and entirely influenced by the Covid-19 pandemic and the squad restructuring measures required due to the relegation from the 1st Bundesliga.
We were able to mitigate the effects on the result through extensive cost-cutting measures, ”said Christina Rühl-Hamers, Chief Financial Officer, Human Resources and Legal.
Above all, the lack of income from gaming operations and catering, which had meanwhile almost sunk to zero, made the district club hard.
In addition, sponsorship revenues fell significantly.
In contrast, the transfer proceeds from the sale of such players as Weston McKennie to Juventus Turin and Suat Serdar to Hertha BSC rose from 4.8 million in the same period last year to 30.1 million euros.
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That is of no importance to us, ”said Hahn operations manager Christoph Goetzmann of the German press agency.
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Rühl-Hamers sees the financially troubled Bundesliga relegation on the way to consolidation, but referred to further efforts.
“We are already working intensively on short- and medium-term financial planning, particularly with a view to licensing for the 2022/2023 season, when we are expecting another edition of the DFL.
The situation in which Schalke 04 is still challenging. ”Dpa
