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Auto Shows Frankfurt: 45 million euros loss, but no sleepless nights

21:20  28 april  2021
21:20  28 april  2021 Source:   sport1.de

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Financial Officer Oliver Frankenbach spoke on Wednesday about the economic situation of Eintracht Frankfurt. Despite the "crisp loss" in the amount of 45 million euros, to which the club is supervised this season, the Hesse does not look at any abyss. Even another season without fans would survive the SGE.

Die Eintracht ist trotz der Krise finanziell gut aufgestellt. © imago images The Eintracht is financially well positioned despite the crisis.

Already last summer, the responsible persons had calculated with a halving of sales. This case now occurs, at least almost. If the sales in the past season despite the Corona pandemic, despite the Corona Pandemic, was still 280 million euros, it will be around 150 million euros at the end of this season. But Frankenbach is therefore not before sleepless nights. "We managed to economically expand the harmony that it is very well prepared for the ongoing, but also the coming season. We have received the license without conditions and conditions. This is a very good result in these times, That makes me a bit proud, "explains the diploma merchant at the Eintracht since 1998.

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last season, Eintracht generated a profit after tax in the amount of 19 million euros. "That was the best result of all time. We were able to accumulate relatively much bacon to maneuver ourselves through the Corona Pandemic," explains Frankenbach. Nevertheless, the club last November secured a state guarantee over 16 million euros. This has become necessary that was above all because loans were secured for the construction of the 35 million euros expensive professional camps with revenue, which are not flowed because of the pandemic keyword empty stadiums. Either ghostly escape the Eintracht revenue of an average of 2.5 million euros.

Apart from the debt financing of the soon finished professional camp, in which the new office is located, the Eintracht credit lines amounted to 40 million euros, of which half has been exhausted. Equity will be at the end of the season at about 33 million euros after the new shareholder in Heartbeat Eintracht GmbH could generate fresh equity of 22 million euros in the beginning of April. To classify: On 31 December 2019, equity was still 67.9 million euros.

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The already established participation in the European Cup was not taken into account in the planning for the new season. Frankenbach anticipates that participation in the group stage of the Champions League of Eintracht without premiums would provide 20 million euros, in the Europa League there would be ten, in the Conference League about 7.5 million euros. All information relates to games before spectators.

Eintracht is not instructed on player sales

What the new sports board is happy: Player sales is not instructed. "We are not forced to achieve transfer revenues," confirms Frankenbach. He even sees the Hesse equipped for the worst case: "We could survive the next season if we had no audience at all." A corresponding concept has already been developed, the harmony would be on further debt capital and a later salary. Really, however, Frankenbach would rather do not want. "Again a complete season without a viewer would damage the professional football as a whole, but also the professional and amateur sports extremely. That would not only be an economic, but also an emotional disaster."

Eintracht Frankfurt: Amin Younes is not a say goodbye to the SGE .
last made rumors about a Youne's farewell from Frankfurt. But this is currently not an issue for the offensive player. According to a report of the image newspaper, Amin Younes should think of a say goodbye to Eintracht Frankfurt and his consultant entertained himself with clubs from the Arab. According to information from Goal and Spox , however, nothing is on this rumor.

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