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Schalke reports half-year minus of 21 million euros

2021-10-27T16:32:16.604Z

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”.



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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On Monday, the number of infections per 100,000 inhabitants within seven days was 28.9 - after 28.6 the previous day.

102 new corona cases were registered within one day, as can be seen from the data from the state authority on Monday evening (as of 18.

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Airport: Arrests of the owner HNA with no effect

The arrest of the top management of the Chinese HNA group has no effect on its Hunsrück airport Hahn, according to the information.

The airport sees itself on the right course.

“We only know that from the newspaper.

That is of no importance to us, ”said Hahn operations manager Christoph Goetzmann of the German press agency.

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Good sugar beet harvest in southern Germany

The sugar beet harvest in southern Germany is good.

The sugar yield per hectare is currently around ten percent above the average of the past five years, said the managing director of the Association of South German Sugar Beet Growers, Fred Zeller, of the German Press Agency.

"The pretty good expectations are confirmed - but it is not the case that the trees grow into the sky."

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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

Source: merkur

All news articles on 2021-10-27

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