The 1st FC Köln presented the figures for the 2020/21 season at its general meeting on Saturday – a loss of 3.9 million euros after taxes marks the economic loss of substance as a result of the pandemic.
The key figures in FC managing director Alexander Wehrle’s presentation on Saturday were: 140.6 million euros in revenue and a loss of 3.9 million euros after tax. This means that 1. FC Köln presented an improved earnings performance in the past 2020/2021 season compared to the previous year, according to the Bundesliga club’s official announcement on Saturday. It said the development was essentially “made possible by the generation of special income”.
“The effects of the Corona pandemic have cost 1. FC Köln a lot of substance in the 2020/2021 season. The pandemic-related loss of revenue from the season, which had to be played with almost no spectators at our home games, amounts to 53 million euros,” said Wehrle. Cost savings and “again introduced countermeasures such as the salary waiver of players and managers” mitigated the loss, as did internal group restructuring or forfaiting, which is basically the sale of one’s own claims against debtors to third parties who then bear the risk of any default.
Wehrle also thanked the city of Cologne and Kölner Sportstätten GmbH for a concession regarding the stadium lease. After the past financial year 2020/2021, 1. FC Köln “continues to have very stable equity of around 17 million euros“. The financing of the current season is secured, said Wehrle.
Konopka in the Members’ Council
Meanwhile, the following were elected to the club’s members’ council: Walther Boecker, Josef Derkum, Fritz Guckuk, Frank Hauser, Johannes Hochstein, Christian Hoheisel, Ho-Yeon Kim, ex-pro Harald Konopka, Frank Leifer, Robin Loew-Albrecht, Susanne Metzler, Fabian Schwab, Michael Trippel, Mario Valentino and Benjamin Vrijdaghs.
The key figures in detail
Annual turnover: 140.6 million euros (previous year: 122.5 million euros)
Annual result after taxes: -3.9 million euros (previous year: -23.8 million euros)
Operating result (EBITDA): 1.5 million euros (previous year: 0.6 million euros)
Equity: 16.9 million Euro (previous year: 14.8 million Euro)
