Yup PSG scored 254.7M (an increase of 114.8M compared to last year) in commercial revenue, the biggest revenue source in the history of the money league. ROFL! Perhaps this is why Zlatan wanted to move to Dortmund. He might not be playing CL football next year. Then again this is UEFA and they are just as bogus. To be fair, without this revenue source they are still above us. There is a strong possibility that we will be 9th next year. Schalke won't catch us. Juventus' revenue was inflated by the 1/4 final appearance as the only Italian club to do so; besides they had only AC Milan to share the TV pool money with. This year they didn't make it past the group stages and the TV revenue will have to be split 3 ways with Napoli and AC Milan. Speaking of AC Milan, they are spiralling downwards and fast. It's safe to say that we will be making 275M next year assuming we make it to the top 3 and reach the quarter finals.
Arsenal announced a new Puma deal. No terms have been announced but we've been short changed by Puma for years. In general we should be mighty pissed if Arsenal make more commercial revenue than we do in 2014. We should be making more than Liverpool. The fact that Bayern made almost 30M more in matchday revenue concerns me when we played almost the same number of matches as them last year. In the CL, we played Real Madrid 4 times!!!! What's going on? Our our box seats and luxury suites that outdated? Are we undercharging for hospitality?
I agree we have a good shot to pass the Italian clubs, but Liverpool has a good shot to pass us next year on the new TV deal. PPG is the poster child for FFP action. The commercial revenue deal is completely out of proportion with ANY other club. As you mentioned compare revenue breakdown of BVB and PSG. Matchday revenues 59 to 53 in favor of BVB, broadcasting 90 to 87 in favor of PSG. The whole gap is the commercial 254 to 109 advantage. I think we can hit that 275 number if as you mention we make top 3 and quarter finals.
This is a long term project remember. Arsenal have made the CL for what 17 straight years now. Companies will pay more for that type of longer term consistency. Remember that we have the Yellow Wall with something like 27k standing seats that command far less revenue. Additionally, the Allianz is newer so yes they can charge and I suspect have more luxury suites. We have been doing a pretty good job in pushing up our hospitality over the last couple of years. As I said though its a long process. IF we can continue to play in the CL over the next 5 years we will set ourselves up for some big jumps in commercial revenue.
Your logic is sound but that doesn't mean we are not getting short-changed. Our deal with Puma pays us 7M a year. Arsenal are going to make more than 30M from Puma. United make more than 40M from Nike, which is the most expensive kit deal out there. As you can see there is a MASSIVE gap. Strategically, now would be a good time for our mgmt. to approach Nike, buy out the Puma deal and compete with Adidas's presence at Bayern. We are the 2nd biggest club in Germany and if Nike wants to compete with Adidas in its home country, this is the way to do it. Sure Nike will stipulate off-season trips to American and Asia, a host of other friendlies, team endorsements but I am fine with that. They might even encourage player purchases (as observed via the Neymar saga at Barcelona) but I am ok with that as well.
We are facing a massive and frustrating gap based on results over the last 3 years. I think our mgmt team is and has pushed for more money with decent increases. Overall, I think they are slowly building some good long term partnerships. We should though put ourselves in Nike or Puma's position. They pay big bucks (30mln+) numbers for clubs they know will always be very competitive for domestic titles, play CL football, or have a lengthy history. I really think these kit manufacturers doubt we have the staying power to be a long term second power in the BL. The history of clubs in Germany would prove them correct. Think HSV in the 80's, Werder in the 00's etc. Nobody has emerged from the pack long term. I really believe IF we can achieve top 3 in the BL and get out of group in the CL our next round of contracts; kit, kit sponsor, stadium name could all see huge spikes.
The only club that is consistent is leverkusen. Yes perennially coming in second, but they are always up there and they get no credit. All it would take is a meisterschaft and they would comfortably be recognised as germany's second power.
You mean "ob sie eine Meistershaft gewinnen"? They aren't called Neverkusen for nothing. For a club that has so much potential they have almost no ambition in growing revenue. They are a lot like Bilbao that way...except not as extreme.
I point to Liverpool and Inter as examples that continue to milk their commercial revenue streams. Inter didn't play CL football last year and yet they made a lot of money through Nike and Pirelli; actually they grew this stream last year! Their stadium plans are still up in the air. And Liverpool....well it's a bit bizarre that they continue to make the amount of money that they do. While Germany is exporting football talent, it should be importing sales and marketing experts. What I would give for a job at Dortmund....
Borussia named strongest Bundesliga brand Hamburg-based market research company Mafo.de has again evaluated all 18 clubs from the Bundesliga, and like last year it has declared Borussia Dortmund to be in “title-winning form”. According to the results, BVB have maintained their status as the number one in brand value terms. http://www.bvb.de/eng/News/Overview/Borussia-named-strongest-Bundesliga-brand
Watzke stated in a recent interview that BVB is strongly underrated on the market at € 220m. Watzke believes the stadium alone is worth € 200m, the squad € 300m plus several other assets. The question arises why that is in a time when Bayern München sells 8.33% of its shares for € 110m.
A football club's value is based on stadium value, players on roster, other assets, revenue generation, growth potential and sustaining its performance. Bayern has all of these. Dortmund's ability to sustain its position of #2 or challenge Bayern as #1 is questionable. This makes it difficult for Dortmund to hold on to €40M players like Götze and Lewandowski. Its almost like a domino effect on the factors that affect valuation.
Earnings for 1H13/14 are out this morning. Quick reading...revenues continue to increase nicely up 8.5% to 136.6mln...profits down y/y attributed to increased increased personnel costs and increased depreciation, amortisation and write-downs due to investments in professional squad. Borussia Dortmund announces semi-annual results H1 2013/2014 Borussia Dortmund GmbH & Co. KGaA / Key word(s): Half Year Results 28.02.2014 10:58 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Borussia Dortmund continues to grow. Borussia Dortmund GmbH & Co. KGaA recorded Earnings before taxes in an amount of EUR 9.4 Mio. (previous first half-year EUR 17.5 Mio.) in the single first half-year statement of the fiscal year 2013/2014 (01.07.2013 - 31.12.2013). According to International Financial Reporting Standards (IFRS) the Borussia Dortmund Group profit amounted EUR 8.2 Mio in the report period, a decrease by EUR 6.0 Mio. compared to the previous first half-year. Group revenues increased by EUR 10.7 Mio. or 8.5 % compared to the previous first half year to an amount of EUR 136.6 Mio. Borussia Dortmund GmbH & Co. KGaA recorded in the first half of the fiscal year 2013/2014 earnings before interest and taxes (EBIT) in an amount of EUR 6.4 Mio. (previous first half-year EUR 15.2). Earnings before taxes (EBT) amounted EUR 9.4 Mio. (previous first half-year EUR 17.5 Mio.) and the semi-annual result amounted EUR 7.9 Mio. (previous first half-year EUR 15.4 Mio.) in the report period. According to International Financial Reporting Standards (IFRS) the Borussia Dortmund Group profit amounted EUR 8.2 Mio. (previous first half-year EUR 14.2 Mio.) in the first half-year 2013/2014. Earnings before taxes, interest, depreciation and amortization (EBITDA) amounted EUR 26.7 Mio. (previous first half-year EUR 30.4 Mio.). Group Earnings before taxes and interest (EBIT) were EUR 11.6 Mio. (previous first half-year EUR 19.0 Mio.). Group revenues amounted EUR 136.6 Mio. (previous first half-year EUR 125.9 Mio.). Personnel expenses changed to EUR 52.2 Mio. (previous first half-year EUR 44.5 Mio.). Depreciation and amortization resulted in EUR 15.1 Mio. (previous first half-year EUR 11.4 Mio.). Other operating expenses amounted EUR 48.0 Mio. (previous first half-year EUR 42.9 Mio.) in the report period. The financial result amounted unchanged EUR -1.9 Mio. (previous first half-year EUR -2.4 Mio.), the tax result amounted EUR -1.4 Mio. (previous first half-year EUR -2.4 Mio.). The complete semi-annual financial report H1 2013/2014 can be downloaded as pdf.-file from www.aktie.bvb.de (rubric publications). Dortmund, February 28th, 2014 Borussia Dortmund GmbH & Co. KGaA Borussia Dortmund Geschäftsführungs-GmbH 28.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de Full report http://aktie.bvb.de/eng/Publication...eports/Semi-Annual-Financial-Report-2013-2014
By the way I thought it was interesting that the above posted financial report mentions a € 7.8m increase (€ 52.2m in total) in personnel expenses during the first half of the 2013/2014 season. Including some bonuses during the 2nd half this could very well see BVB between € 110-120m at the end of the season. Not too long ago Watzke still claimed BVB was paying € 68m a year. This should definitely put an end to the widely spread opinion that BVB is leaving a big part of their financial potential unused. There is still room left for investments but the air is gettin thinner and further growth is without alternative if the club wants to show its star players a good perspective.
Q3 results out this morning. Full report can be found here: http://aktie.bvb.de/eng/Publication...rterly-Financial-Report-3rd-Quarter-2013-2014 Borussia Dortmund announces results of the third quarter 2013/2014 Borussia Dortmund GmbH & Co. KGaA / Key word(s): Quarter Results 15.05.2014 11:02 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Borussia Dortmund recorded also in the third quarter (January 1st, 2014 - March 31st, 2014) of the fiscal year 2013/2014 further increased revenues. According to International Financial Reporting Standards (IFRS) the Borussia Dortmund Group total comprehensive income amounted EUR 0.2 Mio. in the third quarter (previous third quarter EUR 2.1 Mio.) and accumulated EUR 8.4 Mio. in the first nine months of the fiscal year (previous nine months report period EUR 16.3 Mio.). Group Revenues amounted EUR 56.4 Mio. in the third quarter (previous third quarter EUR 55.7 Mio.) and accumulated EUR 193.0 Mio. in the first nine months of the fiscal year (previous nine months report period EUR 181.6 Mio.). Group gross revenue amounted EUR 57.5 Mio. in the third quarter (previous third quarter EUR 56.3 Mio.) and accumulated EUR 196.7 Mio. in the first nine months of the fiscal year (previous nine months report period EUR 183.9 Mio.). Group Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted EUR 9.1 Mio. in the third quarter (previous third quarter EUR 9.2 Mio.). Borussia Dortmund GmbH & Co. KGaA recorded Earnings before interest and taxes (EBIT) in an amount of EUR 0.3 Mio. (previous third quarter EUR 3.0 Mio.) and accumulated in an amount of EUR 6.6 Mio. (previous nine months report period EUR 18.3 Mio.) in the first nine months of the fiscal year 2013/2014. Earnings before taxes (EBT) in the third quarter amounted EUR -0.2 Mio. (previous third quarter EUR 3.0 Mio.) and the result in the respective report period amounted EUR -0.3 Mio. (previous third quarter EUR 2.6 Mio.). The result for the first nine months of the fiscal year 2013/2014 amounted EUR 7.7 Mio. (previous nine months EUR 17.9 Mio.). The complete quarterly financial report Q 3 2013/2014 can be downloaded from www.aktie.bvb.de, rubric "publications". Dortmund, May 15th, 2014
Close Brothers Seydler Research AG reaffirms BUY rating on BVB shares. Link to report: http://aktie.bvb.de/eng/BVB-Share/Capital-Market-View
I don't put much stock into this since I don't see any of the Italian clubs, especially Juventus or Milan. Link to article: http://rt.com/business/161544-bayern-most-valuable-brand/
World Cup has me behind. Apologies if already posted. Champions league payouts. BVB 34.7mln FCB 44.6mln http://www.uefa.com/uefachampionsleague/news/newsid=2117799.html
I don't have a crisp answer. Off the top of my head I think not. I seem to remember Watzke saying they could miss a year or two of CL, but that some cuts would be needed. I don't think he quantified that statement further. 34mln is roughly 13% of last years 252mln (ex transfers) so while it wouldn't be a fire sale we would need to cut.
I would assume the CL group stage prize money is needed to pay the squad whereas the knockout stage money is "on top". I remember things went like this at Bayern in the mid 2000's until we became regulars in the CL semi-final 5 years ago.